anthea: xiaomi's numbers are quite impressive.ket in general knows that smartphone shipments slowed down significantly in the fourth quarter, from double digits to low single-digit for xiaomi. but the company continues to increase average selling price for three straight quarters since the ipo. the ipo rose 17%, and not only that, but the new branding strategy in january is they will split from the redmi brand, is another way for them to test the brand tor the redmi have higher selling prices. that bodes well for the company, weathering through this downtrend in smartphone shipments. guy: shares in tencent under a bit of pressure today. the chinese internet giant missing the mark on profitability probably by the most in a decade. it has to spend more to generate topline growth, trying to pivot away from the gaming side of the business, which has generated so much of the profit in the past. it has got to come at a cost. why are investors shocked by this? alex: i think it is the scale of the spending was the big shock. clearly we kn

xiaomi started selling its handsets last year. and oppo showed off its latest high—end device.een waiting for. oppo's first 5g smartphone. as the market gets more crowded with similar looking phones, the battle to cram in more functionality continues. a few 5g enabled phones are hitting the shops this year. it is more about connecting the things that we never connected before. sta nz about connecting the things that we never connected before. stanz were full of ideas about what that could mean for the future —— stands. a robot that can instantly mean —— mimic its driver's move. imagining this happening when they are thousands of miles apart. this is the kind of collaboration that 5g promises to unlock. wearing a goggles can let you interact with the same 3—d environments, but without the kind of uninterrupted connection 5g should provide the experience will always fall short. this is so frustrating. this collaborative game is set up on wi—fi collaborative game is set up on wi-fi at collaborative game is set up on wi—fi at the moment. the reason being is to demonstrate how the h

we will see xiaomi, oneplus, vivo embracing 5g and even going to arab markets.think the china business will continue to expand and 5g will be a great opportunity. emily: huawei is facing bands around the world -- bans around the world. how closely are you following? >> our infrastructure play is in a different area. we are not directly related, but we are a partner on the infrastructure. it is a sign that, if anything, a sign that 5g is way beyond mobile. it will become a critical infrastructure because it will power everything around us. emily: that was my interview with qualcomm's present. coming up, california takes the lead when it comes to protecting user data. what the state has planned to let you take on a tech -- big tech. we are live streaming on twitter and you can follow our breaking news network tictoc on twitter. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box worl

we will see xiaomi, oneplus, vivo embracing 5g and even going to arab markets. business will continue to expand and 5g will be a great opportunity. ei is: quality -- huaw facing bands around the world -- bans around the world. how closely are you following? play is inastructure a different area. we are not directly related, but we are a partner on the infrastructure. anything,gn that, if a sign that 5g is way beyond mobile. it will become a critical infrastructure because it will power everything around us. emily: that was my interview with qualcomm's present. , california takes the lead when it comes to protecting user data. what the state has planned to let you take on a tech -- big tech. we are live streaming on twitter and you can follow our breaking news network tictoc on twitter. this is bloomberg. ♪ ♪ welcome back to "the best of bloomberg technology." the tech world is waiting to see what congress will propose when it comes to protect users data privacy. california is not. -- the measure would allow consumers to sue companies. an onslaught of class-actio

xiaomi started selling its handsets last year. and oppo showed off its latest high—end device.this is what you have been waiting for. oppo's first 56 smartphone. as the market gets more crowded with similar looking phones, the battle to cram in more functionality continues. a few sg—enabled phones are hitting the shops this year, but 56 is not really about a faster connection with our mobiles. it's more about connecting the things that we've never connected before. stands were full of ideas about what that could mean for the future. a robot that can instantly mimic its driver's moves. imagine this happening when they are thousands of miles apart, and this is the kind of collaboration that sg promises to unlock. wearing ar goggles can let you interact with the same 3—d environments, but without the kind of uninterrupted connection 56 should provide, the experience will always fall short. so frustrating. this collaborative game is set up on wi—fi at the moment, the reason being to demonstrate how the ha ptic feedback is a little bit delayed. whereas once it's on 56, well, it shou

xiaomi started selling its handsets last year. and 0ppo showed off its latest high—end device.aiting for — 0ppo‘s first 5g smartphone. as the market gets more crowded with similar looking phones, the battle to cram in more functionality continues. the second iteration of microsoft's hololens created quite a stir here. it's lighter than the original hololens, but at the same time, it sort of feels more solid. let's see what the experience is like. there we go. after a brief set—up, i found myself working in construction — albeit of the mixed reality variety. the upgrades include an improved display, doubling the viewing range, adding voice control, and more precise hand gestures. they allow you to stretch, rotate, and move what is in the virtual world, or as was demonstrated at the launch, do something as detailed as play the piano. or i can play the keys one at a time. the field of view is wider, but the experience is definitely better when i'm standing further back, which, initially, when i was trying to move things on the table, that wasn't ideal because i was having to go fo

>> xiaomi's numbers are quite impressive.ignificantly in the fourth quarter from double digits to low single digits. but the company continues to increase average selling price for three straight quarters since the ipo. 17%, and not only that but the new strategy in january is they will split from the brand, another way for them to test the market to have higher selling prices. company,s well for the weathering through this downtrend in smartphone shipments. ♪ >> shares and tencent under pressure, the giant missing the mark on profitability, the most in a decade. it has to spend more to generate topline growth, trying to pivot away from the gaming side of the business generating so much of the prophet in the past. it has to come at a cost. why are investors shocked? >> the scale of the spending was the big shock. we know that in the middle of last year, china stopped approving new games, the biggest revenue driver for tencent. there was a decision of the top level to say, we are too dependent on games and need to find new sou

china's xiaomi ended a tough 2018 on a high.orld's fourth largest smartphone maker more than tripled compared to the year before. a fall in global sales was more than offset by booming demand in india, where it outsold all its competitors to take a 30% market share. the crisis at india'sjet airways is deepening. the country's increasingly worried government has called an emergency meeting, angry passengers are demanding refunds, and pilots are threatening to strike over unpaid salaries. the carrier has now grounded six more aircraft as it struggles under the weight of debts totalling more than $1 billion. 0ur india business reporter sameer hashmi has the latest from mumbai. jet airways is struggling for survival and the situation is getting worse by the day. the airline has cancelled hundreds of flights in recent weeks and has grounded more than half of its aircraft fleet. it has more than $1 billion of debt and it has failed to make payments to the banks, employees who have not been paid for months, and even aircraft leasing co

we will see xiaomi, oneplus, vivo embracing 5g and even going to arab markets.e case of one plus, going to united states markets. we think the china business will continue to expand and 5g will be a great opportunity. emily: huawei is facing bans on its equipment around the world. how closely are you following? cristiano: it is not really the business we are in. play is smallture cell. we are not directly related, but we are a partner on the infrastructure. it is a sign that, if anything, this discussion is a sign that 5g is way beyond mobile. it will become a critical infrastructure because it will power everything around us. emily: that was my interview with qualcomm president cristiano amon. coming up, california takes the lead when it comes to protecting user data. what the state has planned to let you take on big tech. that is next. "bloomberg tech" is live streaming on twitter and you can follow our breaking news network tictoc on twitter. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes

xiaomi started selling its handsets last year. and 0ppo showed off its latest high—end device.e been waiting for. 0ppo‘s first 56 smartphone. as the market gets more crowded with similar looking phones, the battle to cram in more functionality continues. the second it iteration of microsoft's hololens created quite a stir here. it's lighter than the original hololens, but at the same time it sort of feels more solid. let's see what the experience is like. there we go. after a brief set up, ifound myself working in construction — albeit of the mixed reality variety. the upgrades include a display, doubling the viewing range, adding voice control, and more precise hand gestures. they allow you to stretch, rotate, and move what is in the virtual world, or as was demonstrated in the launch, do something as detailed as play the piano. or i can play the keys one at a time. the field of view is wider, but the experience is definitely better when i'm standing further back, which, initially when i was trying to move things on the table, that wasn't ideal because i was having to go forwa

xiaomi started selling its handsets last year. and oppo showed off its latest high—end device.ith similar looking phones, the battle to cram in more functionality continues. a few 5g—enabled phones are hitting the shops this year, but 5g is not really about a faster connection with our mobiles. it's more about connecting the things that we've never connected before. stands were full of ideas about what that could mean for the future. a robot that can instantly mimic its driver's moves. imagine this happening when they are thousands of miles apart, and this is the kind of collaboration that 5g promises to unlock. wearing ar goggles can let you interact with the same 3—d environments, but without the kind of uninterrupted connection 5g should provide, the experience will always fall short. so frustrating. this collaborative game is set up on wi—fi at the moment, the reason being to demonstrate how the ha ptic feedback is a little bit delayed. whereas once it's on 5g, well, it should all be happening at the right speed, exactly as i do things — although i don't think it's going to

xiaomi's quarterly profit past estimates as it -- gainset services led the with smartphone sales risingaomi says its goal for the rest of the year are to expand the priceand increase of its top-tier products. shares rose ahead of the results, but the stock is well below its $17 listing price in july. haidi: apple has upgraded its desktop computer for the first time in almost two years. the imac has speedy or processors from intel -- p speedier processors from intel. apple is releasing the blitz of hardware updates ahead of a launch event on monday to unveil its new media and entertainment services. shery: instagram aims to offer instant gratification, launching a new e-commerce feature that allows you to buy what you see. it is testing a new check out future that will let users by directly within the app rather than being redirected to a retailer's website. with advertising growth slowing on facebook, it is seen as a step toward a new business model, maximizing instagram's monthly users. haidi: the world's top dairy exporters says it is considering in a chinesestake baby food maker, a f

we will hear from the founder of xiaomi. there are executives from huawei.erns that huawe technology could be used for spiting. we have had -- for spying. anything we hear from these executives around the 5g implementation and around this controversy between the u.s. and china will the interesting. it is not clear the u.s. are winning this lobbying campaign. we will be tuning into that one. much more at the forum in hai nan. rishaad: tom mackenzie our hainan correspondent leaving as things go for lunch. the hang seng flat. ♪ want more from your entertainment experience? just say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. >> the following is a paid adv

xiaomi down 20%. some badtperformed performers already. we will be putting these questions to the chairman and ceo. he will be on the program shortly. aboutto be talking to him what this company does next. what is the strategy and beyond? . with that in mind, let's go to new york with the first word news. we begin with president xi jinping, arrived in rome with the popular government they're ready to lead european nations in the signing up for china's belt and road initiative. this despite warnings from the u.s. and others. it italian ministers say the so-called new silk road is already in europe with a railhead in germany and italy's encourage a unified strategy for joining china's global project. leading thetaly remaining european countries otherthe silk road, unifieds to join a european strategy vis-a-vis the development of africa, the middle east, and other countries along the silk road. >> the trump administration is said to give tacit approval to a request from taiwan for the purchase of f-16 fighters. this would be a shift in u.s. p

to go there -- craig: thank you so much to brendan buck, the former advisor to paul ryan and edema xiaomier speaker of -- nadeam elshami, former chief of staff to speaker pelosi. kevin: coming up, janet napolitano. from new york and washington dc, this is bloomberg. ♪ craig: this is balance of power on bloomberg television. i'm craig gordon in washington. kevin: and i'm kevin cirilli in new york. the events of september 11, 2001 changed the way many americans think of national security. our next guest has been on the front line for decades. we welcome janet napolitano, the former secretary of homeland security, and she is out with a new book, "how safe are we?" one of the key issues of national security debate is the border. within the last couple of minutes, president trump has tweeted about the border, threatening to close it down. he says the democrats have given us the weakest immigration laws of any in the world, mexico has the strongest. he goes on to tweak that of mexico does not immediately stop all illegal immigration's, i will be closing the border or large sections of the borde

key earnings from xiaomi and tencent. in australia, results from several coal players, including tpg telecom. an impairment from its decision to halt the rollout of the australian mobile network. we do have some data from australia as well due this tuesday. let's check in on the aussie dollar. we do have the aussie checking back towards the 71 handheld after hitting a year two week high on stronger commodity prices ahead of the rba's march policy meeting minutes. fourth quarter home price data, which analysts anticipate will show the biggest yearly drop in the number since 2004. paul: thank you very much for that. let's get the first word news with jessica summers. jessica: thanks. police in the dutch city say it is not clear why a gunman opened fire on a tram, killing three people. manrkish 47 your older was arrested and was known to the authorities. the attack came three days after 50 people were killed when a gunman opened fire at two mosques in christchurch. new zealand lawmakers are working on new gun laws. france's

. -- huawei and xiaomi. >> they do not think how to work harder, they are thinking how their money cameicrosoft and google, a war in the u.s., but they do not dare fight and turned to contract manufacturers. viviana: another foxconn unit else the iphone for apple. that is the bloomberg business flash. mr. draghi was a stunning announcement 10 days ago. what is the permanence of that across europe? if i look at the rate market and sg, what is the outcome or permanence of his actions? mike: he has made it clear there will be refinancing opportunities for the european banking sector. there are some parts that need refinancing of the much during long-term lending operations, -- maturing long-term lending operations. if you look at whether market has been continually pushing out that first hike in the debt by rate -- depoth knocking the ecb to the market. the importance, and the one thing we all think about is whether the ecb will miss the so-called rate cycle because if you think about where the fed is on pause for the moment, but having done a lot of the heavy lifting, and the ecb not havi

eastern time, and on the earnings front we get results today from chinese tech giant xiaomi and fedex here in the united states. >>> well, we are just getting started here on worldwide exchange coming up next, the big brexit battle theresa may dealt another major blow with just ten days to go until the u.k. leaves the e.u. we are live in london with the latest that's straight ahead. >>> later on, crude realities. opec ministers meeting we'll take you there live when worldwide exchange returns right afr isteth with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks. shipsticks.com saves you time and money. want more from your entejust say teach me more. into your xfinice remote to discov

xiaomi started selling its handsets last year. 00:20:13,397 --> 2147483051:46:51,414 and 0ppo showedou have been waiting for. 0ppo's first 5g smartphone. as the market gets more crowded with similar looking phones, the battle to cram in more functionality continues. a few 5g—enabled phones are hitting the shops this year, but 5g is not really about a faster connection with our mobiles. it's more about connecting the things that we've never connected before. stands were full of ideas about what that could mean for the future. a robot that can instantly mimic its driver's moves. imagine this happening when they are thousands of miles apart, and this is the kind of collaboration that 5g promises to unlock. wearing ar goggles can let you interact with the same 3—d environments, but without the kind of uninterrupted connection 5g should provide, the experience will always fall short. so frustrating. this collaborative game is set up on wi—fi at the moment, the reason being to demonstrate how the haptic feedback is a little bit delayed. whereas once it's on 5g, well, it should all be happe