ZINIO logo
Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition 4/30/2018

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

Read More
Bloomberg Finance LP
50 Issues

in this issue

15 min
mr. impeachment

Narcissism was in the air in Washington. On a February night a few hundred yards from the White House, Tom Steyer, the hedge fund billionaire and political activist, had taken over three rooms at the National Press Club for a panel called Presidential Mental Health & Nuclear Weapons. On the dais, two psychiatrists, a psychologist, a Jungian author, and a warhead-security specialist were settling into blue chairs in front of a blue curtain. They were there to discuss the matter of Donald Trump’s ego. But Steyer, stepping to the lectern by their side, was unmistakably the star of the show. Applause broke out. He smiled and locked eyes with people around the room. Fans following the Facebook livestream sent thumbs-ups by the thousands as he and the five speakers set…

4 min
apple’s india strategy: think of the children

For his seventh birthday, Ashwat Prasanna’s parents gave him a MacBook. Three years and one Apple boot camp later, his free measurement-converter app, Quickvert, has been downloaded more than 1,000 times on the App Store. Ashwat, who often skips cartoons to code, is among thousands who’ve passed through the company’s App Accelerator in the Indian tech hub of Bengaluru, formerly known as Bangalore, over the past year. In several sessions over two days, engineers and designers showed him how to write sleeker code for an app that translates units of measurement, such as Celsius temperatures to Fahrenheit and vice versa. “The uncles here taught me to build a better user interface,” says the gap-toothed 10-year-old, using the familial term to denote respect for his programming elders. By choosing Ashwat’s app as…

6 min
china wants to give you a lift

On a bright spring day in Amsterdam, car buffs stepped inside a blacked-out warehouse to nibble on lamb skewers and sip rhubarb cocktails courtesy of Lynk & Co., which was showing off its new hybrid SUV. What seemed like just another launch was actually much more: the coming-out party for China’s globally ambitious auto industry. For the first time, a Chinese-branded car will be made in Western Europe for sale there. The ultimate goal is landing in U.S. showrooms. That’s the master plan of billionaire Li Shufu, who has transformed his Zhejiang Geely Holding Group Co. from a refrigerator maker in the 1980s into an automotive powerhouse that owns Volvo Car Group, British sports car maker Lotus, and the maker of London’s black cabs. It’s also the largest stakeholder in Daimler…

6 min
looks prewar, is postwar. looks like a co-op, is a condo

Robert Stern, the former dean of the Yale School of Architecture, has designed dozens of buildings in widely varied styles across New York City. But then he designed 15 Central Park West, a soaring limestone condominium built in 2008 in a faux-prewar style. Ever since, developers have mostly wanted one thing from him: more of the same. It’s understandable. Before it was even completed, 15 CPW broke New York records. In 2007, Sanford Weill, then chairman of Citigroup Inc., set a city record by paying more than $6,400 a square foot for his $43.7 million penthouse. Celebrities, including Alex Rodriguez, Robert De Niro, and Sting, filled its halls. In the initial frenzy, apartments were being flipped just months after they were bought. During the financial crisis, when the rest of the…

6 min
cyprus is for sale. guess who’s buying

The heavy scent of citrus blossom hung outside the Hilton Park hotel in Nicosia, Cyprus, where about 100 small-business owners, lawyers, accountants, and their partners packed into the ballroom to mark the Chinese New Year. Guests were treated to a fan dance and a performance by drummers clad in red silk costumes. But the symbolism went far beyond celebrating the Year of the Dog’s arrival: This was about cementing a burgeoning relationship between two unlikely partners. One is an increasingly assertive global powerhouse of 1.4 billion people, the other an island nation of 1.2 million that boasts a strategic location and a reputation for a no-questions-asked approach to financial affairs. That makes for a compelling match as China seeks to expand its footprint inside the European Union. “We have [Chinese] investments…

3 min
the space facial

You may have seen them on Instagram: featureless, eerie white masks glowing brightly in selfies by Jessica Alba, Kate Hudson, Chrissy Teigen, or even soccer player Paul Pogba. In photographs, these LED beauty masks can make even these attractive specimens of humanity look like Hannibal Lecter from The Silence of the Lambs. The strange device dispenses the latest cutting-edge anti-aging regimen: LLLT, or low-level light therapy. The masks are studded with light-emitting diodes that pulse or flash in preprogrammed patterns of red, blue, and infrared light. Devotees swear that they are an electrical fountain of youth. “While it’s hard to imagine that these devices work, there is real science backing it up,” says independent beauty chemist David Pollock. He explains that NASA first harnessed the power of LEDs to grow plants on…