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Now on BBC News, all the latest business news live from Singapore. | :00:00. | :00:17. | |
A strong earnings results for way bow. Will we see similar numbers for | :00:18. | :00:23. | |
Tencent? -- Tencent?. Good morning, Asia. Glad you could | :00:24. | :00:42. | |
join us for this midweek edition of Asia Business Report. Chinese social | :00:43. | :00:47. | |
media giant Weibo has reported revenues of just under $200 million, | :00:48. | :00:53. | |
an increase of 67% compared the year ago levels. Profits are coming in at | :00:54. | :01:02. | |
about $47 million US. The company claims 347 million monthly active | :01:03. | :01:05. | |
users, an increase of 30% over the past year. Another tech giant in | :01:06. | :01:10. | |
China, Tencent, is tipped to report encouraging numbers today. But with | :01:11. | :01:16. | |
a saturated market, what are the other avenues for growth? Certainly | :01:17. | :01:23. | |
they need to start looking outside of the Chinese market. There's still | :01:24. | :01:27. | |
a lot of growth in Chinese market, for example Tencent are actively | :01:28. | :01:32. | |
looking outside, looking at not just China but around Hong Kong and | :01:33. | :01:36. | |
Singapore. The Chinese communities in Europe and America. And also | :01:37. | :01:41. | |
exploring other opportunities. We are exploring advertising channels, | :01:42. | :01:50. | |
getting companies to put their brands on Wii chat, for Tencent. | :01:51. | :01:54. | |
They are already approaching the number of users that WhatsApp has? | :01:55. | :01:59. | |
In January WhatsApp said they had 1.2 billion active monthly users. I | :02:00. | :02:15. | |
think WeChat are gunning to overtake WhatsApp. They are also targeting | :02:16. | :02:20. | |
international markets. WhatsApp and Twitter are already having a major | :02:21. | :02:26. | |
footprint in the international market, but the likes of Weibo and | :02:27. | :02:30. | |
Tencent are catching up just with that powerful billion strong | :02:31. | :02:35. | |
mainland base and the Chinese Dyas Barack. You look at the Western | :02:36. | :02:43. | |
counterparts. -- diaspora they have a limited ability to get their | :02:44. | :02:48. | |
footprint into the market. If they have a footprint in the mainland | :02:49. | :02:54. | |
market, this western technology giants could overtake the mainland | :02:55. | :02:58. | |
companies? They have to integrate with the Chinese governments. Which | :02:59. | :03:02. | |
will take time. That will certainly take time. Some of the world's Egypt | :03:03. | :03:08. | |
military contractors are robbing elbows with buyers at the government | :03:09. | :03:15. | |
defence position. Crossing over to my colleague. Wheeling and dealing | :03:16. | :03:22. | |
for military hardware? That's right. Right now I am at the naval base and | :03:23. | :03:27. | |
it's a veritable parking lot for warships on display. Kindly you can | :03:28. | :03:33. | |
see the Chinese frigate from the People's liberation Army and you | :03:34. | :03:39. | |
have the Pakistani frigate as well. Why am I here? We have all of these | :03:40. | :03:43. | |
military contractors who are willing and dealing at the international | :03:44. | :03:48. | |
maritime defence exhibition. And it is all against the backdrop of | :03:49. | :03:53. | |
strategic uncertainty on the Korean peninsular in the South China Sea. | :03:54. | :03:58. | |
Is there evidence that a lot of people are buying more? I caught up | :03:59. | :04:04. | |
with one European manufacturer who is selling increasingly to the | :04:05. | :04:09. | |
Asians. Countries in this region generally are starting to realise | :04:10. | :04:12. | |
that there are things going on around them and they are not aware | :04:13. | :04:16. | |
of what's happening. Events are occurring just over the horizon and | :04:17. | :04:23. | |
nations and armed forces don't have the awareness or the flexible | :04:24. | :04:26. | |
response. We see a lot of interest in our products, like global eye, a | :04:27. | :04:33. | |
multiplatform surveillance. An ability to keep the man on events in | :04:34. | :04:38. | |
air, land and sea. We have our swordfish maritime patrol platform. | :04:39. | :04:44. | |
We stay out all on time, get there quickly, maximum endurance and | :04:45. | :04:49. | |
capability. But again, compact and affordable platform. A naval | :04:50. | :04:53. | |
solutions, warships, extremely advanced technology that you can see | :04:54. | :04:57. | |
on display, that is of great interest. We also build radars, | :04:58. | :05:02. | |
command and control systems, so that you can network and link your forces | :05:03. | :05:06. | |
together. Who are you increasingly selling to in the region? India and | :05:07. | :05:10. | |
Australia are our biggest market at the moment. We see huge potential to | :05:11. | :05:14. | |
do great future business in India and Australia, for example. But | :05:15. | :05:18. | |
that's to exclude everyone up -- anyone else. We have a big base in | :05:19. | :05:23. | |
Thailand and Indonesia. We are active in Japan and Korea, Malaysia. | :05:24. | :05:29. | |
We have great interest in our products from pretty much every | :05:30. | :05:32. | |
country in this region and we see this show as a great venue to | :05:33. | :05:35. | |
engage. Not just with Asia-Pacific but with the world. But you can't | :05:36. | :05:44. | |
sell to China? We are European as a company, we are subject to the same | :05:45. | :05:48. | |
restrictions. We have some commercial business in air traffic | :05:49. | :05:55. | |
control. The rules are clear in China. No business there and we are | :05:56. | :06:05. | |
not active there. Who are the buyers of these military | :06:06. | :06:16. | |
hardware? There is evidence that Asian countries are spending more. | :06:17. | :06:20. | |
For instance, Singapore is one of the largest spenders in Southeast | :06:21. | :06:24. | |
Asia. They spend about 3% of their GDP on defence. That's how much the | :06:25. | :06:29. | |
Americans spend percentagewise and just yesterday the Singapore | :06:30. | :06:33. | |
government announced they bought two more German manufactured submarines | :06:34. | :06:40. | |
from one manufacturer and we have a Chinese here, the Chinese pavilion | :06:41. | :06:44. | |
are at the conference for the first time. They are being represented by | :06:45. | :06:53. | |
a number of companies. Thank you so much for the update. | :06:54. | :07:00. | |
More and more jobs looks set to be automated in the near future, | :07:01. | :07:06. | |
something concerning workers and politicians. But how capable are the | :07:07. | :07:10. | |
latest machines and other likely to replace humans altogether or help us | :07:11. | :07:14. | |
all be more productive in our work? This report from an exhibition in | :07:15. | :07:20. | |
Paris where the world's bleeding robotics companies and start ups are | :07:21. | :07:25. | |
showing off their creations. From around the world the robots | :07:26. | :07:30. | |
have come to Paris to show off their new skills. This one response to the | :07:31. | :07:34. | |
colour green. It seems to be distracted by the cameraman. They | :07:35. | :07:39. | |
are leading the factories and trying to find roles in our everyday lives. | :07:40. | :07:43. | |
It has three functions. The first is to try to monitor the health of the | :07:44. | :07:49. | |
people. Carer is one job they are after. It is designed to be a | :07:50. | :07:53. | |
companion, alerting relatives if necessary. It will survey the mood | :07:54. | :08:02. | |
of the person. If the elderly comes with a low activity it will alert | :08:03. | :08:07. | |
you. So it is really like a nurse at home. More and more robots are now | :08:08. | :08:12. | |
appearing in customer service roles. This is essentially the kind of | :08:13. | :08:17. | |
automatic machine you see in lots of cinemas already, but with a robot | :08:18. | :08:21. | |
interface. I can interact with it. I can pay for my tickets, as you would | :08:22. | :08:26. | |
normally, but I can also leave a video review and it reacts to be in | :08:27. | :08:32. | |
certain ways. They claim it is 30 times more interactive than a | :08:33. | :08:35. | |
standard ticket machine. Do we really want to interact with a robot | :08:36. | :08:39. | |
when we go to the cinema? I'm not so sure. This Chinese robot is supposed | :08:40. | :08:43. | |
to help out in a supermarket, offering advice to customers. You | :08:44. | :08:48. | |
have to bend down to talk to it. Why is it so small? If a robot is too | :08:49. | :08:55. | |
big people will think it is dangerous. So when we decided we | :08:56. | :09:00. | |
need to have a robot that is lovely, to look more friendly for the users. | :09:01. | :09:04. | |
The big fear of course if they will take jobs. This autonomous tractor | :09:05. | :09:09. | |
is the farm worker of the future. This delivery robot could replace a | :09:10. | :09:13. | |
bad drivers. The industry claims the robots will improve our working | :09:14. | :09:19. | |
lives. They only take out the part that is really repetitive, tedious | :09:20. | :09:22. | |
or dangerous. Or not interesting, where we have no human value. And | :09:23. | :09:29. | |
then humans have more time. This autonomous fish shouldn't take | :09:30. | :09:33. | |
anybody's jobs and they don't need feeding. We will have to get used to | :09:34. | :09:37. | |
robots in all sorts of unexpected places. | :09:38. | :09:44. | |
Stay within -- staying with technology and Twitter shares rose | :09:45. | :09:53. | |
on the night. -- overnight. The new CEO will be back to work full-time | :09:54. | :09:57. | |
in a couple of weeks and will focus on guiding the company's culture. He | :09:58. | :10:01. | |
left in 2011 during executive shakeup is at the social media | :10:02. | :10:03. | |
platform. Before we go here is a look at the | :10:04. | :10:10. | |
markets. Asia is in negative territory in early Wednesday trade. | :10:11. | :10:15. | |
It is hurt by weaker than expected US housing data and political | :10:16. | :10:21. | |
turmoil in Washington is raising concerns about the outlook for | :10:22. | :10:24. | |
passing expected legislation. The Nikkei is down by three quarters of | :10:25. | :10:30. | |
1% and the All Ords giving back .5%. Thanks for investing your time with | :10:31. | :10:32. | |
us. Sport Today is coming up. The top stories this hour: Reports | :10:33. | :10:41. | |
from the US say President Trump asked his former FBI Chief to drop | :10:42. | :10:44. | |
an investigation into a key aide. | :10:45. | :10:49. |