hans tung from ggv. and zia daniell wigder from forrester.ll be back after this quick break. ♪ >> welcome back to "bloomberg west." i'm emily chang. it's time now for the bwest byte. let me guess. it's about alibaba. >> your so smart. 18% is the number today. 16 of the 89 offices are outside of mainland china, or 18%. this f1 document is fundamentally a marketing document. they have made no mistake about it. they are selling stock. they are putting weighs in here to try to sell stock. other things required are the risks and so on. they will do everything possible to suggest that they could be a much bigger company than they are today. >> as i mentioned before, we are hearing this could happen over a matter of months but the markets are going crazy. twitter ended the day down 18% after the lockup expired. how do you expect ali baba to fair and these market conditions? >> a lot of reasons to sell, only one reason to buy. who knows all the reasons of the insiders decided to sell today. it's reasonable to suggest a lot of insiders could not wait

i did talk with one of the lead investors, jgb capital's hans tung. he said they would be happy if they sold 4-5,000,000 mipads in the first year. loyal customers, emily. they will want to migrate from their home miphone to a mipad as well. it is about half the price of the mini ipad from apple. about 60% cheaper if you go to the 64 gigabyte version. they will have a 128 gigabytes version heritage and give me a price, but it is probably going to be along the same price frame, about half the price of what apple is offering. apple doesn't even offer 128. i don't know how cheap it is going to be. >> that was emily chang speaking with bloomberg china correspondent stephen engle. we spoke with ben cavender. emily started by asking him what he thinks of the mipad. >> i think this is a good evolution for the company. if gotten really well -- to have done really well in rolling out product. i think the tablet is a really good future step. it has great specs, it competes very well on price with apple. consumers are not necessarily married to the idea of buying