China stocks slumping the most in three weeks. Industrial output rose in august that but fell short of estimates. It increased at the slowest pace since the year 2000. All of this ahead of the chinese president s first state visit to the United States and the big tex summit in seattle organized by the Chinese Government. Joining me to talk about all of this is carmen chang and matthew prince. A jointannounced venture with bart. You have announced this Big Partnership with baidu and you guys dont even operate in china. Have theher hand, you ceo saying everyone is underestimating the capacity of the internet boom in china and dont understand the online to offline world. There are 700 million Internet Users or one out of every four Internet Users is in china. We recognize it was a market our customers cared about and chinese consumers wanted to be able to access other companies around the world. So when they were providing their Security Services to companies ranging from Small Businesses to fortune 50 organizations, china was top of mind in this Partnership Allows us to ensure internet will be faster and safer inside china. Emily you liaise with a lot of chinese companies. How worried are you about these broader concerns about a chinese economic slowdown . Carmen i feel when we look at china, theres tremendous excitement and i feel in many ways the prospects for china where people had very High Expectations and i think now, people are very worried. I think there will be some slowdowns that i dont think it is going to be any kind of major disruption. Market there is some correction going on which i think is a positive step. Im really not that worried about the situation. How theell me partnership works. You call it a virtual joint doesre because cloudflare not operate in china. But the website will load more quickly in china which means it could be a boon to foreign companies. Matthew to give you some sense, we saved over 240 years worth of time that chinese Internet Users would have spent waiting for websites to load. Emily having lived in china, that is a lot of time saved. Matthew if you went back that are, this United States would not even exist as a country 240 years ago. What is remarkable is we worked with high due to allow our customers to be announced inside china but we have done it in such a way that the personal, private data, the secrets of those companies and passwords are never shared inside mainland china. Has no operations in china but we have this unified plot from that can ensure performance security and availability now matter where your customers are in the world. Like the Chinese Government is only restricting the internet even more. Facebook is still blocked in china and twitter is still blocked in china. But it is even difficult to access gmail in china. What do you think about this tech summit with the chinese president . What kind of concrete progress will we see . Will facebook be unblocked or are those things just never going to happen . About im optimistic what is happening right now. Google isw, i think returning to the Chinese Market facebook is still engaged in discussions and im quite optimistic. This summit in seattle is a Good Opportunity for people from china, four people from the u. S. Anda lot of u. S. Ceos government representatives will be there. It will be a Good Opportunity for everyone to be able to get together and talk about the possibilities. If we look at what cloudflare has been able to do, i am optimistic that during this next time, well see more efforts like cloud flare which will succeed in enabling u. S. Companies to be in china. I appreciate your optimism but i have spoken to a number of experts on the opposite side who say facebook is not going to be unblocked in china a time soon. Matthew when we were approaching china, we came at it from a perspective that china is going to run their network the rate the way they run it and we may agree or disagree but we have not taken the position as a tech company here in San Francisco that we can dictate how china runs their network. Instead, we said what percentage of our customers are nonproblematic in china and the answer is about 99 of our customers are nonproblematic. That allowed us to say how can we make the internet better for that 99 . Theres a lot of discussion that has to happen around that 1 , but for the vast majority of the internet, things work very well. Thank you for joining us. We will be watching that summit in seattle next week. A stock we are watching alibaba. Shares tumbling after an article suggested the company may lose another 50 of its value. Alibaba shot back saying the article is inaccurate and misleading. Nintendo has named their new company president. He will be replacing the late satoru iwata. I want a left some big shoes to fill. Under his guidance, nintendo had massive hits with pokemon and others. President of nintendo for 13 years. Coming up, the cofounder of tomtom tells us how it will be at the forefront of the driverless car future. Plus more than 150,000 people are headed to San Francisco for dreamforce conference. What to expect, next. Emily twitter says it is adopting relay to make it easier to buy products in a link. , home depot and old navy are working with twitter on this initiative. Twitter says expect more ecommerce announcements in the coming weeks. Since been over a decade tomtom launched its first mass market gps device. But after quickly dominating the market, google maps came along and made navigation more personal and free. Today im unveiled new technology that would help in the development of driverless cars. That cofounder joins me here in the studio. As we were talking about self isving cars, i wonder what tomtom postural in that revolution would be. Corinne we have been investing in that technology and we Just Announced 3d maps. We are ahead of the competition and we are working with most Car Manufacturers around the world to bring this technology to make it a reality. Emily are you built into cars . Corinne we are built into cars and work with a lot of manufacturers around the world. With volkswagen, we drove driverless from las vegas to los angeles powered by tomtom maps. Emily will well will we see maps in apple cars anytime soon . There are less than a handful of players in this space and it is usually it is usually valuable technology. Have you guys received any interested buyers . Corinne they are of course very valuable assets. I think will think of partnering with a lot of people. Emily have you considered selling . Corinne i think having these assets and having invested for all those years, i think we are right happy to be in the position where we are. Emily why do you think tomtom would be more successful as an independent company . Is well our Technology Developed and a lot of companies around the world and car made factors we can work with. Emily how do you see your self expanding . Would you consider taking on minority investors who can help making tomtom even bigger than it is today . Corinne we do a lot on the Consumer Electronics site. Andust launched a new watch activity tracking, we launched and action cam. We have a lot of different developments. The map is still the big radical innovation. Emily how do you see improving on the map as we see them now eschew mark what is the future of Mapping Technology other than where you can find it . You need realtime mapping data and the world is changing all the time. You need technology that allows the map to change as the road changes and it is very complex to do. Emily in five years, where is tomtom . Corinne one of the biggest partners with carmakers to work with the autonomous driving plan. Emily thank you so much for joining us today. Has tapped and Auto Industry executive to lead his driverless car project. He was most recently president of true car and led sundays led hyundais u. S. Operations. Google said the company does not plan to manufacture its own cars. To Dreamforce Salesforce s annual conference which will take place at a few blocks from here in San Francisco. I will be there. The conference has grown from a small Group Building a filling a ballroom to over 150,000 attendees. So with all the work that goes into planning an event like expect . Ce, what can we weekusly this is a huge for you. What are you most looking forward to . Guest we are so excited because dreamforce is the largest sales conference on the planet. We have 160,000 people registered to attend. This is going to be the biggest and best yet and we are bringing in a cruise ship this year. Its all about innovation, fun and giving back. It is our largest investment we make and Customer Success and it is the four best days ever. There why is sasha della and the new ceo of cisco who i will be speaking to . Lynn Everyone Wants to come to dreamforce because it is the epicenter of innovation. , weave incredible speakers have the ceo of youtube and we have incredible women pioneers and trail blazers. We have World Championship sports teams. After three days of intense Product Innovation and business, we have a man this we have a mindfulness day. Going to be an amazing, amazing four days. You have people from hollywood there like goldie hawn. Be speaking with an actor from entourage. Salesforces to objectives, every year, they talk about some big trend. What is it here . Lynn people come to dreamforce to hear about what is next. Were talking about cloud and the internet of things. You have to come to the main keynote. We have marc benioff with incredible special guests. Much we have over 2000 customers sharing their success stories. Emily everyone knows mobile, cloud and social, but how do they execute and make their companies the future . Lynn they can come to dreamforce and learn. Were going to have 10 Million People watching life, so you can watch online. This is a place not just for salesforce to talk about what is next, but we have customers and partners and incredible speakers. It is the place for innovation and a place to talk about where is the future . Every year, i look forward to marc benioff. He is a force. Incredibleve some surprise guests as well. And we are doing the Worlds Largest book drive this year. We are going to raise a Million Dollars and i brought some of my favorite looks for you to bring and make the donation. Emily i should probably bring some of my own books. Thank you so much. Up, Michelle Phans start at just raise 100 million in funding. What does the subscription next . And plans for iphones from china. Thats coming up. Emily time now for our daily ate, one number that tells lot. Todays imris 10 million. Thats how many iphones apple needs to make its first weekend if it wants to break last years record. They willy claims break 2014s record sales. Analysts predict sales of as many as 13 million units. Thatis the first year china is one of the country to sell its smartphone at its introduction. Psy started its Michelle Phan became famous for her theup tutorials and created company in 2011. They mail a Beauty Products once a month for a 10 fee. So what are they planning to do with its funding . Is jennifer goldfarb. The most you raised rigorously three Million Dollars to 100 million how you attract that kind of investment . I think what our investors saw was that we were disrupting a very established, large, attractive industry which is the Beauty Industry. As part of doing that, its such a big industry that we need and bugle toow grow versus our competitors in the industry. Jessica alba just started her own subscription service. Whats so great about ipsy . Guest there are five ute products every month and this is working with michelle and our content creators who work out of our studios to create beautiful and educational content on how to use the products that you get. You get 50 worth of stuff for 10, but how much a cup to people really need . How long our customers sticking around once they sign up . Are staying around for a long time because they enjoy the experience. Part of that is just a gift for yourself every month. Our beauty creators on youtube and you are playing along and having a good time every month. Emily im all about gifts for myself, but how do you afford giving away 40 of makeup every month eschew mark every month . Make surein order to their brand is relevant, they need to be in the hands of the content creators. We work with different rant partners who are willing to give us their products in order for us to send them out to our engaged audience and connect them with the network of creators we have on youtube and instagram, publishing the best beauty content online. Emily tell me about the immunity, because it strong and very active. Marcelo the Beauty Industry is totally changing to one with people generating awareness are the content creators. In the past, it was magazines and the nate and the makeup counter. That community is important. We give them access to studios and events so they can dissipate and grow their own careers. Use the money . Ou continued investor continued investment in the creative space. Creatorse in content and its time to invest in that space and it gives us 100 million more to invest in creators. Emily i think i over myself a gift. Thank you both so much for joining us and congratulations. That does it for this edition of bloomberg west. Do not miss my interview with edge mark appels bill early tomorrow. Ley tomorrow. Mark im mark halperin. John im john heilemann. And with all due respect of celebrityst apprentice, hostilities to, baby. John on the show tonight, the Hillary Clintons lap and then make America Great cap, but first joe biden this is a big week in the campaign. Beres the guaranteed to good for television Republican Debate and lori clintons poll numbers are raising real questions in the Democratic Party and john sets it up with