Jump of most than eight months after avoiding the Airways Union thai jumped the most and eight months after avoiding the European Union blacklist. Marketske a look at the right now. Hong kong and china currently closed for lunch. Here is how they were trading in the morning session. Missinge report of the billionaire, compounding the woes coming out of china. I will be back in half an hour from now with your update. Emily im emily chang. This is bloomberg west. Coming up, and all strutting an australian startup goes from down under to top of the world. Plus investors in twitter find a way to advertise to people without accounts. The currency crusader unmasked. The search for the founder of bitcoin may be over. The Great Australian hope. The Software Maker surging 33 in the first day of trading on the nasdaq. It is a relief after a string of unicorns with less than magical debuts. Shares have fallen since the ipo. They have a market value of 5. 6 billion. I caught up with the ceo at the nasdaq and asked why in this environment of caution they decided to take their Public Company the Company Public now. Guest we have been preparing for this for a long time. We have a very disruptive model in the business. We could go public in any market. Emily some seem to want to hold you up as an example of a unicorn who did it right. You have been profitable. Have you felt pressure . Guest we cant make any comparisons to other unicorns. We helped teams collaborate and be more productive. I dont know, you could use our company as a bellwether for other tech ipos. Emily bill gurley told me he is impressed with the business that you built. What advice do you have for other private Technology Companies out there about how to manage their cash. Guest we have always been a disciplined and patient company. Weve always tried to balance sensible levels. Rather than putting chips in one basket. Youre running a marathon, not a sprint, and to have that balance and patience and discipline. Emily a lot of companies are waiting longer and longer to go public. You guys have taken the lunch. Do you think more company should consider going public in 2016 . Guest i dont think our company should go. We have been ready for years. We have many diversified products. We operate in 160 companies around the world. With our management team, and the products we have held, we are ready to go public. I dont think a company should rush into that area private markets may or may not represent what is not the Public Market area it is exciting we are taking the plunge. Emily youre competing with upstarts like slack. How are you changing priorities now that you have more shortterm minded investors. Guest the important part is we are not changing up. We have been a longterm thinking company and we continue to invest in our products. Whether that be messaging, content collaboration, project management, we want to invest in the best products. We are the same company today that we were yesterday. Tomorrow we have to do the same things we did well yesterday to be successful. The will of the rest take care of itself. We have a simple formula for doing that. Emily so, with them testing the waters so soon, we want to know what is the takeaway for investors looking to see them as a bellwether . You dont think investor should get their hopes up about this Great Australian hope . Guest it isnt much of a bellwether because of the characteristics of the company. It is growing fast but not lightning fast. They have adopted this slow and steady approach and the company is profitable. Emily bill gurley tweeted all profitable unicorns had to exit. Guest are there others . If there are they are not moving yet. It is an outlier. And what this company has done is set the bar and saying investors might not have been as interested or as demanding foursquare. Trade up since then, but ipo was priced above the range. For the ones out there, the ones that i expect will start to see in the world, we have seen an outside of the typical Silicon Valley coulter, whether it is lift or the other companies that spend money to make money, which means the bottom line is not going to be great. When you hit the Public Market weather has been uncertainty we really need to have those strong fundamentals to get the public investors to buy into it and feel at they are not taking too big of a risk. Emily they said they dont need to hire salesforce to sell their business collaboration software. Box of the same thing and had to beat up sales. Take a listen to what they had to say. We dont perceive at the moment. We havent had one for 13 years. Our model of focusing on High Products and delivering at a very efficient manner across the web, the model get stronger. Adding a sales team to target anyone near that would be hard. Especially as we expand. That will be instantly hard to do with a sales team. Emily can they keep up the pace of Growth Without this . Guest i spoke to mind. They think that they can but the things that i would bring up are some of the past companies that have gone public. You have investors who may say we need to see more growth at this point. They have been looking to boost sales and of the developer community. Emily there are many unicorns staying private. Maybe we can pull it off. I wouldnt bet on the uber guys, spending money to make money. The ones that i mentioned that are expected to be in the pipeline are other types of business that we probably havent heard of. Things like act dynamics. These are not sexy names. But they are Business Software companies. They have shown some appetite for them. Emily ive heard of those. The executives have been on the show. What kind of appetite is there out there for Companies Like these less sexy companies . Guest if you look at the Broader Market they have done well this year. When you think of these companies coming to market and timing it seems now is a good time. The bankers and investors are going to be looking at the cost and saying what are the multiples we should grab. The newer ones, not the Legacy Companies have been able to grab these sexier premiums. Some of these buzzy areas within enterprise tack with a new breed getting to the ipo track. Emily our ipo reporter alex, thank you so much for weighing in. We are watching gopro shares, rising after the camera maker would be a good acquisition for apple next year. Gopro was among four companies that could be potential targets for the Silicon Valley giant. Gopro was also in the news today for announcing plans for a camera equipped drone named karma. Coming up, Twitter Response to wall street. They are out with a new type of tweet to quiet critics. And mobile payments is getting more crowded. It is not a tech Company Getting in the game. We will discuss. Emily twitter is out with a new tweet to silence critics. They have developed advertisements that even nonusers see when they look at tweets to prove to wall street business can grow even as membership grows growth slows. They fall short of forecasts. How exactly is this going to work . Guest twitter has a lot of people coming to it from around the web to click on tweets. Say there is a new story and you click on a tweet. It takes you to a page for that or their profile. Even if you dont have a twitter account, it will show you a promoted tweet ad. Twitter is just not that exciting to advertisers anymore. It is smaller the instagram and messenger. By doing this, they expand and say 500 Million People come to twitter without logging in. Emily this couldve been done when user growth was accelerating. Why havent they done this . Guest they needed the deal with google. They put tweet as a result of google search. It will have this carousel of things you have said. I could look on them individually. That increase traffic to twitter from normal people. Theyre trying to make twitter more accessible to people who dont have accounts. It has always been a problem. They making it easier to sign up and create followers. Emily what other things are we seeing jack dorsey do that matt really move the needle . Are they is it possible to reaccelerate . Guest they have a marketing campaign. That tried to show people what twitter has on it. A lot people think that twitter is just a place for celebrities, politicians, and journalists. It kind of is. But there are ways that people who dont have publishing agenda can go on and consume media, so they are trying to let people know about that possibility. Guest any other product of diets . Guest many in the pipeline. Theyre reconsidering the 140 character count limit. They changed the favorite button on tweets to a heart. Emily i have been getting more hearts. The goal was right to increase the likes. I feel on average i get more with the heart. Guest they say it is working even though people were annoyed the beginning. And there is the moments program. Adam bain says it is doing well. That is another skeptical thing. This 500 million number, this external audience, they havent updated that number since november 2014. It would be nice number of that was growing bigger than the monthly average. Like moments, like the advertising on tv bringing people in to experience twitter. Emily we will keep watching and you will keep us updated. Thank you. Coming up, an israeli startup is buying a Silicon Valley company. Details ahead. Emily google is updating its wallet. The new version of Google Wallet allows users to end money through a phone number. The updates will be available on google play and in the app store. Other updates include improved contact suggestions, and the ability to link a second bank account. It is not just tech companies. Walmart is hopping in. They will start letting shoppers pay with their smartphones using the mobile ad. It is available near walmart headquarters in arkansas. A nationwide rollout is set for next year. Joining now from arkansas, service overseeing the new project. Why mobile payments . Why do this yourself . Guest thank you for having me today to talk about walmart paid. What we saw was around access and around allowing for a customer to engage in the web experience in our stores. Retail was delivered to an Online Shopper through ecommerce. We saw it being transformed by mobile. One of the areas that could be improved upon is the checkout experience. Bringing that feature as the newest capability to the walmart cap was something we saw as a great opportunity to expand access. And to allow for improved checkout. Emily apple pay has been out for a year. Adoption rates are slow. That is based on data we have an anecdotal evidence. Where can walmart succeed where others are potentially struggling . Guests one of the things we have seen even as recently as this holiday season, our customers are engaging with us across these channels. We saw an increase in mobile usage through online orders and in our stores. The second thing is that those customers, if you look at the shoppers we see every week, 22 million are actively using our walmart at each and every month. Both online and in our stores. When customers visit us they see one walmart. They want to order online pretty want to pick up in our stores. They are using the walmart to make that more easy. It is going to be something they are going to be excited about and get them through the line and on their way. Emily you see the potential to integrate with apple pay or Google Services at some point or is this going to remain a standalone Walmart Service . Guest thrust it was looking at how we improve our checkout experience. One of the things we saw when we survey the landscape to figure how we could bring mobile to the most amount of customers, a lot of these solutions out there that had limitations and friction that created seems. You had to have a type of the devise or it only works on certain payment types, so what we have built is there was nothing out there. We bolted to expand mobile access to as many users as possible. You have the ability to use any device. Ndroid you have the ability to use it at any checkout lane. When you think of the industry maturing we have built it so well as can integrate into that as a payment type for walmart users. Emily mobile makes up 70 of traffic. How much of an Adoption Rate are you predicting for 2016 . Guest we are excited to bring into to the market. We are focused on rolling it out. We have 20 2 million users that are active smartphone users in our stores. Were going to get a good uptick. We dont have any specifics but we are excited and they will be also. Emily ok. Thank you for joining us. We will be right back. Sure, tv has evolved over the years. Its gotten squarer. Brighter. Bigger. Its gotten thinner. Even curvier. But whats next . For all binge watchers. Movie geeks. Sports freaks. X1 from xfinity will change the way you experience tv. Tand thats what were doings to chat xfinity. Rself, we are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. A. M. 12 302 30 p. M. Here in hong kong. The chinese financial magazine the billionaire chairman is uncontactable. Record. By a fell after being sued for the collapse of dams at the brazilian mines. At least 13 people died when toxic floods swamped villages. The paris Climate Change talks entered their final day today. Delegates are trying to deal on a final agree on a final deal. The commissioners will not accept a weak deal. It is said to ask all nations to. Sk economists are expecting more indications of the level of consumer strength in china tomorrow. Retail sales may have risen more than 11 in november, the biggest jump this year. Industrial production data expected to remain near a sixyear low. Lets check in on how markets have been trading in the asiapacific. Day in thedown region. Stocks on track for a weekly loss. The worst weekly loss since the end of september. As we count down to the fed meeting next week. We do have weakness coming through thailand, which is on the cusp of entering a bear market. The only bright spot in the region is the nikkei 225. Elsewhere, you can see there has been quite a lot coming through on the boards. Bitland index under quite a of pressure. Thai airways doing quite well. Macau being hit hard, following reports there could be a crackdown on alleged Illegal Union pay. We are counting down to the reopens in hong kong and china. All happening at the top of the hour. Emily there is a fear that Silicon Valley maybe one day littered with company that went from unicorn to uni corpse. The Blood Testing Company theranos fighting hard to stay out of that category, they are the subject of the Bloomberg Businessweek cover story. I began by asking her about her impression of elizabeth holmes. Guest she is impressive. She is charismatic. She is bright. She is unflappable under pressure. She has this incredible personal story which people gravitated to. She is a stanford dropout. A prodigy. She learned mandarin on her own. She is persuaded this accomplished group of almost entirely male Board Members and investors to back her, including Henry Kissinger and larry ellison. I thought that was interesting. Most are not in her field but they are very accomplished people, presumably good judges of character. She has been very skilled getting people to follow her on this quest she seems to be on. Emily the last my saw her was on this investigated story. How is she handling the scrutiny . Guest it has been upsetting for her. She was candid about that. She said it is hurting her feelings. She has had an impulse to try and figure out where these leaks are coming from and who is betraying her and saying these terrible things. That has been consuming some of her time. It shows that she was not prepared to deal with this. She has been in her quiet private mode for 10 years and the Media Attention they do get was very positive. Suddenly people are asking these hard questions, casting this hard light. Pr people, crisis managers, legal advisors, she was overwhelmed and they were overwhelmed by that. You can see that in their response, which has been uneven. They are trying to right the ship at this point. Emily when are they going to reveal some data to back up their technology . How accurate it is and whether it will work . What is the latest on this data . They have committed to releasing data. They were fuzzy on the timeframe. The details, they are planning to invite outside medical experts and even journalists to come there for two days to do a extravaganza of trying the technology, looking at their test data they have, and these people would then be in a position to go out and talk about it publicly or write blog posts about what they saw and perhaps about for it. She said december was the timeframe for that. There is no specific thing. I dont know when that will happen. Then they said they are planning to release data that shows the accuracy of the tests they have submitted to the fda in their attempt to get their tests approved. She said they are trying to prepare that public consumption. She did say that they wanted to be up to their standards and make sure it is iron tight and people will understand that and there will not be room for ambiguity. She is planning to have that published in one medical journal. The timeframe is not specified for that. Her position is as soon as it is ready. She is saying it is imminent. We were not able to get a date or a medical journal name out of her. It is possible those things are not yet known because they are scrambling. Emily does that lead you to have more questions . How accurate you believe the technology is . How special do you believ