well i mean overall ali baba already has some experience in the u.s. and the market to be so business to business market is huge it's estimated to serve this year a trillion dollars so there was quite some potential and if i understand correctly ali baba's going a bit of a different way than amazon specially small american companies are going to keep the customer relationships and also the data so that is something that has not been offering that easy in the past so yes there is a certain chance for ali baba to get a piece of this is a huge market. some new opportunities there then but timing is obviously clearly an issue what impact would the u.s. china trade war have on ali baba's plans to push further into the u.s. . timing certainly could be better in regards to the trade tensions between china and chinese companies and the u.s. on the other side of the standing of amazon there with the current administration and washington also could be better by the way just off to ours we got the word that the department of justice is actually starting. to trust

first ali baba makes its clients rich and then it helps them to get rich. this is ali baba's anonymous global headquarters it could be anywhere in the world . ali baba connects manufacturers and merchants from china with the rest of the world . it has changed people's lives it is revolutionized how china trades with the west. the brains behind it is jack ma 13 years ago. he explained his plans for a new internet trading company to his friends today everyone in this photograph is a billionaire. think of it were child church e.g. child attendance chest that's where she was that it's over not too well that's good enough. to just get the labor it. wanted it got the. ali baba is huge an international internet trading company bigger than e.-bay and amazon combined. the chinese businesses it's a gateway to the world. worth it. anybody's book is on you cause up at the end that was that they added that i'm going to miss you and. that it is done while a cosy ground a symbol causing center the. result here. it's all it's talk to us guests. it's a. us. woman who a comm

first ali baba makes its clients rich and then it helps them to get rich. this is ali baba's anonymous global headquarters it could be anywhere in the world . ali baba connects manufacturers and merchants from china with the rest of the world . it has changed people's lives. it is revolutionized how china trades with the west. the brains behind it is jack ma 13 years ago. he explained his plans for a new internet trading company to his friends today everyone in this photograph is a billionaire. think of it were child church each child your child is just chest that's where she was that it's over not too well that's good enough. to just get the labor. while getting back to. ali baba is huge an international internet trading company bigger than e-bay and damns and combined. the chinese businesses it's a gateway to the world. worth it. anybody's book is on you cause up at the end that was that they added that i'm going to miss you and. that it is done while a cosy ground a symbol causing you sent idiot a. result oh well that's what's taught to us also this. is

at each other i can show you how to use only pay and you can start enforcing the law what is it ali baba. like it's only possible for utility payments it also records your stamps as you walk and you can click and check on your friends all the little you know we'll also share the outlook you know if you join both of us get a coupon 000-000-0000 extension 0. so you want good you are always good for meaning the social credit system is not totally a new thing i think it's always been there now it's just in a more efficient format and online are digital formats essential function to talk about so your words are what it's based on the system we already have. to tell you something you would see. you. do your job and ultimately partner with will also effect your social credit. and then married for love but she.

s i believe in their annual report also talked about google and 10 cent and ali baba as other technology companies now getting into this space so they were spawning on those levels i think they know that you know the genie is out of the bottle now so for the b.s. that's like well what are your wishes what are your 3 wishes in a world where additional currency is really becoming more prevalent and real need it seems to bode well obviously for the industry that no other. for taking such an interest in group goes and sort of legitimizing cryptocurrency is in a lot of people's eyes but what do you think is there an goal here where do you see another group those. relation to their all plans for centralized currency. and i think for the central banks of the i.m.f. i see. that's not who the central banker or person in a large significant financial institution currently but i have to imagine they just want to be able to keep on doing what they have been doing they want to be able to promote financial stability and security all around the world i have to think that you know the volatility that we

china as ali baba is now allow us companies to sell on its e-commerce platform the company's opening offer its piece of the marketplace to u.s. manufacturers distributors and wholesalers spite of its loves if it's found international market share i bob wants to take on dozens b. to be placed on the business in the process nearly one 3rd of all of us buyers were already based in the u.s. . and that's it from me on the business team here for more business news background check out our website to call. business thanks for watching. video. link to africa. or link to exceptional stories and discussion. is easy and while with safety debbie come smash 3 com join us on facebook. for god. welcome to the bureau back you can. get more the story. with exclusive. must see concerning culture. to be curious. do it yourself networkers. subscribers don't miss out. either and a warm welcome to arts and culture hi i'm karen helms said 30 years after the fall of the berlin wall the work of east german artists is being reevaluated we'll have more on that in just a moment and here's what else is lined up.

china's ali baba is now allowing u.s. companies to sell on its e-commerce platforms companies opening office be to be market players to u.s. manufacturers distributors and wholesalers is part of its larger efforts to expand international market share and about wants to take on amazon's b. to b. venture and as a business in the process it. ties between south korea and japan have come under strain again in a route that dates back to colonial times between 910 and 945 the korean peninsula was under japanese rule many koreans were forced to work for japanese japan's companies now some of these laborers are demanding that their one time employer it's a big heavy industries sells its korean assets and use the proceeds to compensate its former workers. it's the worst japan south korea ra in years a group of aging korean ex laborers make their case carrying signs saying no abbé no mitsubishi and we waited 74 years mitsubishi must apologize and compensate they were forced to work when the korean peninsula was under tokyo's colonia

several of the exhibitors here including tech giant ali baba and now working with the state to write the algorithms that will calculate your social credit school they've already got the know how and they use a dollar from their financial credit system alli passé manager of alli petain jing is chong. here you know you talk to mike you once a person has a school all their credit behavior in life is recorded and can be evaluated by that number if you are goal is to ensure that if people keep their promises they can go anywhere in the world and if they break their promises they won't be able to move in which. sounds dramatic but it's the party line. pilot programs for a national social credit system are already on the way by 2020 the official outlined boasts it will allow the. asked would be to run freely under heaven making it hard for the discredited to take a single step. but you know coordinate that china can make such great achievements very quickly which i'm very proud of it. a while here. so that your development of big data and other digital technology is that it's getting more a

turn to each other i can show you how to use only pay and you can start and forced out what is it ali baba. it's only baba for utility payments it also records your stamp century walk and you can click and check on your friends all the little you know we'll all share the out with you if you join both of us get a coupon oh you got your. for you was good you were always good for me it's a social credit system isn't a totally new thing it was think it's always been there now it's just in a more efficient format an online or digital format or social function it's your job so you always know what it's based on the system we already have found sure. and you. do your dice and ultimately pot them with will also effect your social credit. tendon marriage for love but she also chose the right husband junk shouting school is likely to be even higher than hers shouting is a civil servant with the justice department a loyal car driver of the party. to tell them what they are for the we need a social credit system in china we hope we can help each other and love each other and help everyone become prosp

what is it ali baba.it's only possible for utility payments it also records your stamps as you walk and you can click and check on your friends you know you don't need of course and you know we'll also share the out with you if you join both of us get a coupon for you. so you're always good to go always good for me the social credit system is not totally new thing you were saying i think it's always been there now it's just in a more efficient format and online or digital formats in search of i'm sure it's your job so you want to what it's based on the system we already have to choose. anything. to you jason and ultimately potter and we will also effect your social credits. tendon married for love but she also chose the right husband john shouting school is likely to be even higher than her use shouting is a civil servant with the justice department a loyal car driver of the party. to tell them what they offer the we need a social credit system in china we hope we can help each other love each other and h

s such as go daddy and aston martin and ali baba. and more but today with the stock trading at $7.00 per share that is down 95 percent from its peak in 2007 the lowest it's ever been in its 150 year history the bee is in an irreversible death spiral and this restructuring is too little too late now this was an interesting quote from miles edwards yesterday. actually view it interest you look more like a bear stearns and a lehman because i like lehman i think is not in the fall it's not the end growth they still have some call ability. some really terrible decisions which are scaring off institutional and hedge funds themselves so now let's take a look at some of these bad decisions in october of 2015 davey and now it's a restructuring after being hit by a record fine for $2500000000.00 for the library scandal they then record a record loss of $6800000000.00 for 2015 and then the ex cel soran tells everybody that the company is rock solid in 2016 in march davy disclosed the notional value of the derivatives on its books to be $54.00 t

several of the exhibit is here including tech giant ali baba and now working with the state to write the algorithms that will calculate the social credit score they've already got the know how and the user data from their financial credit system alley pat a manager of alli paid 10 jing is chong. here you tell you about tonight you gotta say so indeed you would be a total. failure and. when they say. we are just young souls into using case guy. i don't see you tonight. sounds dramatic but it's the party line. pilot programs for a national social credit system are already on the way by 2020 the official outline boasts it will allow the trust worthy to run freely under heaven while making it hard for the discredited to take a single step. but you know draw more drone attacks on factions and no fact i'm trying to say that sounds like one trick jennifer johnson hop. in a while if you're. so sure you're a battle to the fact. that it's a different hole. because of that almost $100.00 bands. fan dan dan is going places very much the modern chinese woman. she's a marketing professional dilige

it looks like singles day was made by ali baba this is a great way to get consumers to spend we also know it does pull forward a lot of the interest if not the outright buying, and they have put some things out there as a loss leader nonetheless. >> yeah. >> like amazon, like google, but these aren't nearly as exciting to me from the cloud side. >> sure. >> as apple will be because apple, we all have these billion devices around the world, and those billion devices putting stuff up into the cloud, that is going to be just mana from heaven. >> you're nodding your head, joe, when jon was talking about microsoft being better over amazon and do you think there should be a discount to amazon's valuation given what the government may or may not do >> when you reflect back on one year ago, there was so much of a reliance on what the results were going to be from big tech, from the faang names and from amazon, and if we think about last year, it was the really strong earnings that we got in this time of 2018 that propelled the market to the new all-time highs. i think we're in a different pl

what china is really good at on innovation, they're very good at business models, companies like ali baba cheaply but coming up with great products that are affordable. lenovo with laptops, the drone industry is made by them. they're great at that. the challenge for them is alluded to in the report. that is state capitalism. the role of xi jinping of a bigger state of more pervasive sort of state capitalism. that's actually challenging and undercutting some of the amaze g dynamism of great entrepreneurs. the danger is that it is getting crowded out by a strong state that's getting even further into people's lives. >> so you get the sense that clean's economic rise is now with political liberalism. we were talking in the break about the social credit scores, this is accompanied with the rise of these camps in the east with millions of people in re-education centers. these hong kong protests over this last week seemed to people who we spoke with to be very frustrating and disturbing to beijing. but you seem to get the sense that the national mission, this mission of making china number one

at each other i can show you how to use only pay and you can start and forced you know what is it ali baba. so it's only possible for utility payments it also records your stamps as you walk and you can click and check on your friends oh. yeah we'll all share the out with you if you join both of us get a coupon i will tell you it's here. for you would you agree we're always good for a meal and the social credit system is not totally new. thing was i think it's always been there now it's just in a more efficient format an online or digital format essential functions for drugs so you wonder what it's based on the system we already have to. do your dice and ultimately partner with will also effect your social credit. then then married for love but she also chose the right husband john shouting school is likely to be even higher than her who's challenging is a civil servant with the justice department a loyal car driver of the party. to tell them what they offer the we need a social credit system in china we hope we can help each other love each other and help everyone become prosperous as pre