♪ emily: xiaomi has also been accused of copying. jony ive referred to xiaomi's phones.lled it best. -- theft. he said that you have stolen his design. how do you respond to that? hugo: this copycat melodrama all boils down to one chamfered edge on one particular phone model, which was mi 4,which people said looked like the iphone 5. i've been the first one to admit it. yes, it does look like the iphone 5. that chamfered edge, by the way, is present in so many other devices. it was, in many ways, people projecting their bias against chinese companies on to us. people just could not bring themselves to believe that a chinese company actually could be a world innovator, could build amazingly high-quality products, and, by the way, sell them for less than half the price of a high-end apple or samsung device. i think that drama has quickly started to vanish. i would actually point out to the device that you have, right, to mi note. there is nothing you can point to that even remotely resembled the design. emily: you don't think it looks like the iphone 6 plus? hugo: it is wh

why is xiaomi still private? i do think that moving fast and being able to change direction quickly is important for us. when you are a public company, you are more restrained in your ability to do that, to massively allocate investment into something that may not pan out for some time. so i think that being more flexible and being able to move quickly is the reason why we will be private for quite a long time. emily: what does an ipo look like? hugo: five years away. he has been giving the same answer for the last couple of years. emily: how does xiaomi live up to a $45 billion valuation? hugo: there are so many services and new products that people haven't even started thinking about. i think $45 billion is just the beginning. emily: thank you for joining us. so great to have you. ♪ ♪ emily: he has been dubbed the "venture cowboy," not just for his signature shirts, but also for his brash, freewheeling way of doing things. along with bets on uber and instagram, he also wrote a $25,000 check to buy a piece of tw

♪ emily: xiaomi has been accused of copying. johnny ives acused two of xiaomi's phones as theft.said you stole his designs. how do you respond? hugo: this copycat melodrama boils down to one edge on one phone model. people said it looks like the iphone five. i've been the first to say it does look like the iphone 5. it was in many ways people projecting their bias against chinese companies on to us. people could not bring themselves to believe that a chinese company actually could be a world innovator, could build amazingly high-quality products and sell them for less than half the price. i think that drama has quickly started to vanish. i would point out, there is nothing you can point to that resembled it. emily: you don't think it looks like the iphone 6 plus? hugo: it is white. how else does it look like the iphone 6 plus? emily: the criticism was the look and feel of the product in general. hugo: i don't think that is fair. every smart phone these days kind of looks like every other smart phone. you have to have curved corners. you have to have at least a home button in some

joining me today on "studio 1.0," xiaomi vice president of global operations, hugo barra.ly, how aou

joining me today on "studio 1.0," xiaomi vice president of global operations, hugo barra. emily, how are you? emily: it's so great to have you

born and raised in brazil, he left a top job as the public face of android to take xiaomi global.e today on "studio 1.

. ♪ ♪ emily: xiaomi may be a new kid on the block, but it is no longer so little., xiaomi rivals apple and samsung in the chinese smartphone market and is valued at $45 billion. but worldwide it is not a household name. former google executive hugo barra intends to change that. born and raised in brazil, he left a top job as the public face of android to take xiaomi global. joining me today on "studio 1.0," is xiaomi vice president of global operations, hugo barra.

for example, china's xiaomi trying to enter into the market. angie: a lot of challenges ahead. thank you, yvonne. sony has been moving away from unprofitable tvs to move to games. the ceo is betting on virtual reality to help this growth. we have our technology reporter with more in tokyo. grace, you are at the game show yesterday. r shapinge sony v up? grace: a better shape than many have expected. actually, when i was at the show, i talked to a bunch of people. they told me of the show that their top priority at the show is the sony playstation vr. it is gaining attention from people in the industry. and also from the investors, as well. what makes it i think interesting is it gives you a sense of presence toward a different world. 's developersony conference, about a year ago, it is developing into good shape. angie: when will this product be available in the market? talked tos -- i also the game division head, and he told me that the build is on course. it will come up through the markets by the first half of next year. it will compete with facebook's oculus rift. angie: gr

high-end, apple and at the lower end xiaomi.are seeing five considered of quarters of declines in a profit. now they're hoping some of their new releases will make a difference. their stock. that plunge this year along of more than 18%. but they have wiped out $44 billion in market value since april. to give you context, it is equal to the value of general motors. one of their latest models, galaxy is receiving a lot of criticism -- criticism. if youalled pengate, install the pen the wrong way, it brings the device. a very bad news. rishaad: and they said it read the manual. thank you. let's keep is samsung. the company the long to a family , one of the most prominent families. the economy [indiscernible] frost, foreign investors, are they turned off the korean market? richard: they always existed. in the aftermath of the korean war and during the shipyards and automobile industries but what we saw last week for instance is the biggest foreign selling from korea in two years. obviously it was part of a global rout. with korea, t

xiaomi a top job to take global. joining me now, hugo barra

and new strategy for xiaomi and huawei? there is lot of competition out there. apple moving step forward innovating to try to capture the hearts of all the smartphone users out there, deirdre. deirdre: jo ling, thank you so much. bringing to us live on location. jo ling kent out for us in california. for more on apple's announcement, larry fishel man from dinah link communications. >> thanks for having me. deirdre: you heard jo ling kent as ipad pro a hail mary pass at least according to some analysts. the two new phones which tim cook says changes everything about the iphone. most advanced phones in the world. he has to say that. he is the ceo. >> of course. deirdre: and apple tv as well. which are capturing your attention as well as other products? >> captured my attention is tv. putting apps on the tv with content you can put together with anything you want. really sticking this, getting into the ecosystem and possibly apple getting into their own content themselves with their own studio. deirdre: so developers can develop directly for apple tv which is diffe

joining us, glen solomon, managing partner with chinese focus ggb compaapital and an ea investor in xiaomiseeing the headlines about chinese start-ups inflating the amount of money they've actually raised versus, versus what they put out there. let's see, i think there was one that said it had raised $200 million in a round and maybe it only raised $65 million. aren't there some things to be worried about in this market? >> sure. you know when looking at china, jon, you have to recognize that there's a new economy and an old economy in the market there. and old economy companies are the state-owned enterprises, the companies that are largely inefficient and not agile, unable to compete with new economy companies, tech companies, tech-enabled businesses, many of whom are venture-backed. where there is a lot of capital, and those companies are getting capital and tending to do well in the market. and really outcompeting the old economy companies. the indexes in china that have not performed well, are largely old-economy companies and the new economy businesses, many of whom trade in the u.s.

bloomberg news reports xiaomi may create a laptop next month.ald's has been testing an all-day breakfast menu for several months. brendan is rubbing his hands. brendan: this is my all-day breakfast face vonnie. they solve the problem. this is one of the bigger problems in america. it was number three, right after the economy enabled -- and maybe global warming. number three was the inability to buy breakfast after 11:00 a.m. tom: full disclosure, there is a mcdonnell -- there is a mcdonald's three doors down from our office. brendan: vladimir putin is having breakfast with xi jinping tonight. they are likely to sign a memorandum of understanding on a gas pipeline, and russia's state bank, development bank, once to sell you on-dominated bonds on the chinese mainland. our correspondent is in hong kong. enda what is in this relationship for china? enda: away from the military parade, this trip will be all about keeping economic ties and boosting trade between the two. in some respects russia needs china a lot more than china needs russia. this year

relative new kid on the block xiaomi has taken 15% of the market. >> it is worth more than airbnb anding smartphone maker. that leaves apple with an 11% bite of market share. sales dropped a whopping 21% between the first and second quarters of the year. is the honeymoon period for apple in china over or will the next-generation iphone help the smartphone veteran show upstart xiaomi who's boss and regain the smartphone crown in the world's second largest economy. saima mohsin, beijing. >>> serena williams is one step closer to a tennis grand slam. she beat her dearest rival, her sister venus in the quart quarterfinals at the u.s. open. >> serena won two sets to one. if she wins she will be the first player in three decades to all four majors in a calendar year. she will play in the semifinals on thursday. should be cool stuff to watch. >>> extraordinary new details about isis' leader. a woman saying she was enslaved by abu bakr al baghdadi and met kayla mueller. >>> and historic day for britain's queen elizabeth. we will tell you about her milestone after the break. stay with us. why