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How Xi Unleashed China’s Biggest Military Purge Since Mao
Bloomberg Originals· 2025-09-05 08:00
Under a cloak of secrecy, Xi Jinping is carrying out China’s largest military purge since Mao Zedong. Exclusive Bloomberg News analysis reveals that over the past two years, Xi has removed nearly a fifth of the generals he personally appointed, something his predecessors never did. The shakeup has left the Central Military Commission, China’s apex military body, with its largest proportion of vacancies since Mao, whose Cultural Revolution in the 1960s and 1970s upended China’s institutions. Why is Xi target ...
What Meghan Would Do If She Were Anonymous for a Day
Bloomberg Originals· 2025-08-29 14:30
Personal Preferences & Activities - Expresses a desire for anonymity to engage in everyday activities like grocery shopping [1] - Yearns for spontaneous travel experiences, such as backpacking and road trips, without the constraints of public image [1] Food & Dining Experience - Highlights the enjoyment of a "Tamash burger," emphasizing its deliciousness despite not being traditionally elegant [2][3] - Appreciates the burger's components: the "squishy bun," "crunch in the onion," and "texture of the meat," considering it a "perfect meal" [2] Authenticity & Reality - Acknowledges the pressure to maintain a real persona, emphasizing the human aspect of eating and enjoying food [2] - Suggests that life isn't always elegant but can still be delicious [3]
How YouTube Won the Streaming Wars
Bloomberg Originals· 2025-08-29 08:00
Okay, hi. So, my name is Boxxy and it's been a while since I made a new video. I first heard about YouTube when I was in high school.Hey it's Fred. I went to a party with Daniel and he kissed me. Just kind of wondering, what is that.I have this really vague memory. They have really long, um, trunks. I believe it might have been the first YouTube video ever.It was, and featured trunk enthusiast and YouTube co-founder Jawed Karim. And it ignited 20 years of liking, commenting, and subscribing. 20 million vide ...
Burgers, Beers and Business With Meghan, Duchess of Sussex
Bloomberg Originals· 2025-08-28 13:33
This is Central Monaceece. We're here to interview someone very special. Megan, the Duchess of Sussex.Don't say Markle anymore. Megan Sussex. >> This place is adorable.>> Oh my gosh. It's so special, isn't it. >> I love it here.>> Yes. >> Talk about pressure. Choosing an outfit.It's a set. There's not too much to think about, which is giving me peace. It's been interesting preparing for this interview because every day you search for your name and there's like a thousand different new stories about a thousa ...
Meghan, Duchess of Sussex, on Artificial Intelligence
Bloomberg Originals· 2025-08-27 13:40
You've been doing some angel investing. Yes. I saw that you called it dolphin tank as opposed to Shark Tank.>> Well, I love Shark Tank, by the way. Don't get me wrong. I love watching that show.I just wanted to approach it with friendly water. >> Yeah. What's the bigger strategy.Like, are you looking at AI or biotech or ecommerce or AI. Man, I aren't you a little bit scared for by AI. Just a little.I mean, we have to make peace with it. The the world is changing. Our lives are changing.So there are certain ...
Meghan, Duchess of Sussex, Discusses Authenticity
Bloomberg Originals· 2025-08-26 15:58
Is there an inherent tension in trying to be relatable while also being a duchess. No, I don't find I'm just being myself. So, I think probably it was different several years ago where I couldn't be as vocal and I had to wear nude panty hoes all the time.Let's be honest, that was not very myself. I hadn't seen pantyho since movies in the 80s when they came in the little egg. That felt a little bit inauthentic.But that's a silly example. But it is an example of when you're able to dress the way you want to d ...
How China’s Xiaomi Beat Apple and Is Taking on Tesla
Bloomberg Originals· 2025-08-22 08:00
Company Overview & Strategy - Xiaomi cultivates a strong following among younger consumers in China, positioning itself as an alternative to Apple, Tesla, and Google [1] - The company aims to seamlessly integrate its products into various aspects of users' lives, with the EV project designed to complete its ecosystem [5][6] - Xiaomi entered the EV market partly due to concerns about US sanctions impacting its smartphone business [7] EV Market Entry & Development - Xiaomi's first EV, the SU7, is priced starting at just over $30,000, while the YU7 is around $35,000, making them competitive with Tesla's Model 3 and Model Y in China [14][15] - The company invested over $1.6 billion into more than 100 companies in the EV supply chain and constructed its own factory in Beijing [10] - Xiaomi achieved rapid scaling, producing its first 100,000 EV units in 230 days [14] Market Competition & Future Outlook - The Chinese EV market is highly competitive, with approximately 140 EV manufacturers [2][17] - In 2024, approximately 64% of all passenger EV sales were in China [16] - Xiaomi aims to become one of the world's top five car makers within the next 15 to 20 years, requiring expansion beyond China [17] - The company faces geopolitical uncertainties and trade barriers, including a 100% tariff on Chinese EVs in the US [18]
Why Swatch May Be Running Out of Time
Bloomberg Originals· 2025-08-15 08:00
Company Overview & Market Position - Swatch Group is a major force in watchmaking, valued at over $9 billion [1] - The company is the largest watch manufacturer by volume globally, and third by retail value behind Rolex and Richemont [4] - The group's portfolio includes brands ranging from inexpensive Swatch to high-end Breguet and Blancpain [5][6] Challenges & Financial Performance - Swatch Group's performance has been under pressure, leading to it becoming one of the most shorted stocks in Europe [2] - Profit was down almost 90% in the first half of 2025 [13] - A softened market in China, which accounted for 27% of the group's sales in 2024, has significantly impacted the company [14] - The US imposed a 39% tariff on imports from Switzerland, creating a major external headwind [3][16] Strategic & Governance Issues - The family and related parties control 44% of the voting rights, leading to a sometimes tempestuous relationship with shareholders [17] - The company is conservatively structured, and some investors are pushing for changes [19] - Swatch has been criticized for not engaging with investors in the same way as other groups [18] Product & Marketing - The MoonSwatch collaboration in 2022 was a major success, selling over 1 million units, significantly boosting the bottom line [21] - Swatch has been criticized for falling out of the conversation in terms of exciting new products and relevant marketing [22]
A Last Ride in New York's Disappearing Horse Elevators
Bloomberg Originals· 2025-08-11 08:00
Historical Context & Significance - The building housing the elevator was originally a stable, converted due to high real estate costs over 100 years ago [1][2] - The area was the epicenter of New York City from the end of the Civil War to 1900, with stables being central to the culture [2][3] - The elevator was installed in a five-story brick stable built around 1888, owned by someone connected to the Fifth Avenue Hotel [4] - Elevators revolutionized building design, making higher rooms more desirable [5] Regulatory & Technological Obsolescence - The existing elevator is grandfathered in, but new safety laws will outlaw it by 2025, necessitating replacement [6] - The old elevator technology struggles to meet modern codes and brake testing standards [12] Project Execution & Challenges - The elevator removal project presents unique challenges due to its age and design for hauling horses [9][25] - The team takes pride in possessing the skills and knowledge to work on such a rare and complex system [27] - The motor shorted out during the removal process, complicating the job [13][17] - The elevator's last ride was when it came up, and it is now being manually run by a hoist [29][30]
How Samsung Missed the AI Moment
Bloomberg Originals· 2025-08-08 08:01
Semiconductor Industry Dynamics - Samsung faces increasing competition and is struggling to keep pace with the latest technology, particularly in the high-bandwidth memory (HBM) sector [10] - SK Hynix has emerged as a major rival, securing contracts with Nvidia and achieving record profits due to its dominance in HBM [14][15] - Samsung was overtaken by SK Hynix in the DRAM market, ending its three-decade lead [16] - TSMC dominates the foundry market, putting intense pressure on Samsung's foundry business, with TSMC controlling approximately two-thirds (66%) of the global market while Samsung holds about 8% market share [22] Financial Performance & Market Position - Samsung's chip profits have tumbled, with the semiconductor division reporting an operating profit of 400 billion won, missing analyst projections of 273 trillion won (2730 billion won) [2] - Samsung shares have decreased in value since their 2020 peak and tanked in 2024, while SK Hynix's shares have surged [3] - SK Hynix provides approximately 20% of Nvidia's cost of goods sold, while Samsung accounts for about 1% [16] Strategic Challenges & Opportunities - Samsung needs to win over Nvidia to become a contractor, as its chips have not passed Nvidia's required tests [19] - Samsung is making an all-out push into next-generation HBM4 to close the gap with SK Hynix [21] - Samsung has reached a $165 billion (16500 million) pact with Tesla to produce its next-generation AI semiconductor [23] South Korean Economy Impact - Samsung is the biggest company in South Korea, contributing significantly to the economy, accounting for about one-fifth (20%) of the country's exports [6] - The company's struggles threaten its national identity, as the South Korean population relies heavily on it [3]