mike: i do not know what alibaba's hollywood ambitions are.al ambition is to provide a wide variety of content for the chinese consumer. whether it is music, games, movies. emily: what about something like paypal? alibaba be interested in owning outright paypal, ebay, yahoo!, after they have been off their state? michael: i do not know what regulators will think about anything we do. we will work with them closely. you should expect our international strategy will have a component of both organic and acquisition and we will continue to evaluate opportunities as they come along. not just in the u.s., in every market. cory: that was emily chang and michael evans. apple's gigantic new ipad goes on sale today and sam grobart got his hands on the ipad pro. both hands. ♪ sam: this is the new ipad pro. it has a brilliant 12.9 inch display, weighs 1.5 pounds, and can be used with a keyboard and stylus. none of those details outshine the simple fact that this thing is huge. ♪ this may be hard to convey in a video, but get your hands on a and the size i

one day because it helps them in the rankings on alibaba. it is a more important to look at it year-to-year. there is some distortion caused -- cory: the full year versus the day? gordon: there is some mania around the day. cory: the singles day sales did not happen in a day? gordon: online retailers do this because it helps them in their rankings on alibaba. just like they used to print sales, they used to have by sales and then return stuff because they wanted to increase their rankings. this is going to be a problem for alibaba. cory: some of the sales are completely fake? gordon: absolutely. this was an enormous problem last year. a lesser problem this year. through oneave sold of their platforms, that will be an issue. the other issue that alibaba has not solved, complaint by j.d..com alleging strong-arm tactics. if you want to sell through alibaba, you cannot sell through jd.com. continuedlibaba has those difficult practices and this is going to be something they will not give up. they are a really good company, well-managed, a probabl

accounting at alibaba. how do you respond to that? jack: that is their right to do it. if they want to go short, they can go short. if they believe it, they should continue to do it. we cannot comment on their strategy. people like you, people hate you. i cannot make people like us. we do the things that we believe is right for the customer. ipo'ed, i when we said, we can never promised to make everyone happy. but we will do what we can do to make our customers happy, and then the shareholder will be happy. this is our philosophy. this is keeping us safe for the past 10 years. people like it, people don't like it, that is their right. emily: the united states is the biggest potential international market, you are opening up an office in new york, you visited several times over the last year. what does alibaba in the united states look like in five years? jack: i would say we are very thankful for the united states. seattle, my dream there in 1995, understanding the internet, there would be no alibaba. witho

alibaba has its own logistics company.the portion that i think will continue to need evolution and evolvement from all baub wra and many of the e-commerce players in the u.s. and in china. >> haney, i just wanted get your third take-away. you mentioned mobile take rate and the number of transactions growing faster than overall revenue. what was the third take-away you had from singles day? >> i think this is probably the most important part. >> what i am excited about, actually, is the other way around. taking some of the chinese local brands and helping them bringing international. i think alibaba can do a better job with some of its localization efforts in each international country to help bring those brands, and there's a lot of great products. >> they're really hard to get in the u.s. alibaba and some of the things they're working on for international expansion can bring some of these products to the u.s. >> before we let you go, another big story making headlines, and that is daily fand fantasy. new york's attorney g

alibaba's future? brad: that alibaba will have a very tough road in the united states.n ebay struggle. we've seen all of these layers struggle. it's because amazon does a great job for its customers. really, no one can beat its scale, it's price management, it's loyalty. it will be difficult. boxed has a different strategy, selling in bulk, something amazon has not been focused on. maybe there is a chance here. but you will awaken amazon and they will come to compete with you. emily: amazon is where all my diapers come from. redstone, thanks for joining us. -- brad stone, thanks for joining us. maha ibrahim, shaun, thank you. shaun: i hope to see you in beijing next week. emily: he sure to catch my sitdown with alibaba executive chairman jack ma live from beijing next wednesday tom and 9:30 a.m. eastern time, here on bloomberg -- wednesday, 9:30 a.m. eastern time, here on bloomberg television. the fortunes of sony are in the hands of "james bond." it is set to be the biggest opening in the history of the series, making $90 million, but'sonys -- but sony's deal to rights

alibaba down a bit.a good year, e-commerce travel services, they had a good year overall. that's up, baidu fractionally the side of positive. and soufun, a real estate and home furnishes site also on the upside. you can own that. there's a whole chinese eco structure. the kraneshares china internet, kweb, that's one of them. the biggest holdings are alibaba and tenset. a mixed bag on the economic stats on china. traditional china, industrial product shun up 5.6%. that was disappointing. october retail sales up 11%. that's above expectations. maybe they are actually able to do this, transition more to a consumer oriented economy. just on alibaba, i wanted to note. they went public at $68 a year ago, october a year ago. though were around $60 just last month. they have made a real recovery above the original offering price as china stabilized. another thing weighing down the market besides oil stocks, retails. macy's down 13%, trades just behind me. dillards, nordstrom, jcpenney on the down side. real issu

emily: many investors are skeptical about alibaba, they are shorting alibaba.y are concerned about accounting at alibaba. how do you respond? jack: that is their right. if theywant to short, believed what they do, they should continue to do it. we cannot comment on their strategy. you, peoplelike hate you. i cannot make everybody like us. we blue -- we do things we believe is right. ipo'd, we when we cannot promise everyone's happiness. we wanted to promise that we would do everything to make our code -- customers and employees happy and then shareholders would be happy. this is the facade -- philosophy. this is what i have said for the past 10 years. people like you, people don't like it, that is their right. alibaba jack was ma talking with my colleague, emily chang. that is it for this thursday at this -- addition of "trending business." is going to john us coming up as we recap the stories of , including the shifting policy in china. you are watching bloomberg. "asia edge closed what is next. ♪ ♪ announcer: from our studios in new york city, this is charlie

but that's kind of where alibaba has focused right? the omni channels for marketing their goods and we have a lot of promotions of course. get a lot of the merchandise moving but singles day, this blows away cyber monday just in the first 90 minutes, $5 billion in sales. that's over twice the amount you get on cyber mondays for the entire 24 hours. these numbers are staggering, right? we're going to get it from jack ma himself. he has come back a long way from the declines in his stock price. remember when the stock price hit in the 60 which is is below the ipo offer price but we have come back a long way back up to $80 and change. >> we have come back a little bit but if you chart it against amazon for example one of its biggest competitors in the u.s., amazon share price has been steadily rising over the course of the year in part because amazon services has done so phenomenally well and we saw that china discount hammering shares of alibaba. >> but still let's go with the numbers and what we have so far since people are been talking

emily: now, at the same time alibaba and "the wall street journal" is reporting that alibaba is now shopping its stake in basically a version of group on/yelp, a company that sells movie tickets, they do restaurant bookings. at the same time one of alibaba's big competitors is trying to nail down a stake in this company. what do you make of that? >> basically, this is a decision to separate the assets from the ten cent world. they're building their own competitor. it's basically a food delivery platform which is part of the whole online-to-offline world. essentially alibaba is saying why should i own a 7% stake in something where one of my top two competitors is also holding a stake. why would i want to be in that rather than control my own destiny, build my own world, and actually compete like crazy in the market against that player they're currently holding a stake in. they are saying let me get out of this thing, control my world, and then we're going to go head to head in this. they have an uphill battle there because of the market leader but alibaba pretty much knows how to do online to

and it is not alibaba. we'll tell you the name when we return. you're watching cnbc. first in business worldwide. here is what is coming up. >> what kind is that. >> the kind that makesa lot of money. because certain ceo's have a knack for making investors rich. we'll tell you who they are and how you could profit. >>> plus, it is here. the ipad pro but investors could be running for the exits. we'll tell you what that is when "fast money" returns. 've read al. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. >>> today our users, active users of alibaba online shoppers are bigger than the american population. and today people -- we believe ten years later, when they are 35 to 40 or so, these are the people, breathe on the internet. dr

that is what alibaba was trying to show. about mike evans, the guy from goldman sachs who is coming into focus on international growth, international strategy. he has been living out of a suitcase, traveling around the world, trying to get retailers to join alibaba's platform. it is a big question, something we will be watching, and some thing i will be asking jack ma a little bit later on. erik: do we have any idea how profitable singles day use for alibaba, or is it a loss leader to bring in additional customers so that they get hooked to the platform? emily: that is a really good question, erik. we will not know the numbers, how profitable this day in particular has been, will have been for them until we see the latest earnings results. they are investing a count in advertising, investing a lot in getting retailers and retailers on the platform. the way this works -- in a lot of cases you have 180,000 brick-and-mortar stores participating. they have deals going straight to people's smartphones. when you walk into the stor

alibaba is a u.s.-listed company. it has to make sure it does not appear on what is the notorious list of the trade representatives, meaning a direct impact on share prices. on-ali basha's website. sham goods are easy to spots. a louis vuitton on bag is $100, real ones are $5,000. >> even changing this back, selling for $15. alibaba is owned by jack marr, sued in the united states by a conglomerate that owns gauci and yves st lauren china's economy may slow, buts consumption on wednesday was robust. online sales are up 40% a year ago. that jump in business appears to be at the expense of retailers. >> this was a shopping mall specialising in electrical goods. today there appeared to be more staff than shoppers. the reason for that, say some retailers, is the growing threat from online shopping. from an economy losing speed. any growth is good. the question is whether that rise in consumer spending is happening fast enough. >>> tom rafferty is in asia. despite the slowdown, the retail market remains healthy. >> the chi

one of alibaba's competitors is trying to nail down a stake in this company. what do you make of that? it's a decision to separate the assets from the other world. essentially, alibaba is saying why should i own a 7% stake in something when one of my top two competitors is also holding a stake? why would i want to be in that rather than control my own destiny, build my own world, and compete like crazy in the market against the player they currently hold a stake in? they are basically saying let me get out of this thing, control my own world -- and they are going to have a battle there because this is a market leader. , thealso have alipay largest payment platform that is independent in china. all of these things combined. alipay, and building their own competitor, that's pretty interesting. they have already put a billion dollars into the joint venture, so this will be their ticket to freedom. emily: i like that. asck around with us, as well david kirkpatrick. we are going to be talking about cyber monday, or black november, as we are now calling it. tom gile

emily chang spoke exclusively with the alibaba president, and asked him if alibaba and amazon are inpetition. >> our strategy is not about competing with amazon. small companies that we have about findingr the investment opportunities that will be future competitors. we are much more focused on starting to learn about the domestic market. vonnie: let's head to beijing. we have emily chang. first of all, give us the scorecard. it was a record-breaking day for alibaba. emily: hey, vonnie. we are inside the water tube, that iconic olympic venue, watching the numbers come in. alibaba is at $11.5 billion in transactions, transacted on the platform so far. we still have six more hours to go. are the way above the $9 billion record hit last year. they are also telling us that more than 70% of this e-commerce is coming from mobile. 70% are happening on smartphones -- and that is a good sign of how they are weathering the transition. we are in beijing, on what they are calling a global event. a lot more i international brands. vonnie: this idea of having a basic beijing -- how do the chinese

dreamed up by alibaba. the largest e-commerce company in the world shipping 12 million packages every day, four times as many as amazon. american companies are using the mega-seller too. apple, disney, costco and fisher-price and nike all have goods on alibaba today. >> how many of these will you sell on alibaba? >> anywhere between 15 to 25 at a time. >> flamingo furniture saw alibaba taking off and decided to use it instead of amazon. business is booming. >> we have added 10% to our bottom line. >> reporter: analysts say this is just the beginning. >> within a year or two, you're going to see this become a major shopping event in the united states. >> reporter: and that could be a game-changer for american retailers. and maybe singles too. olivia sterns, nbc news, brooklyn. >>> when we come back on this veterans day, a stirring small-town tribute to the men and women who served. next at 6: we're following breaking news out of san francisco. ===raj/take vo=== a gunman climbed atop a hospital consturction s

alibaba is touting the global nature of this holiday.here are aspirations to become a global company. mike evans is the guy supposed to do that. look what he had to say about their u.s. ambitions. >> our strategy is not competing with amazon. it is less about finding the investment opportunities and more focused on starting to learn about the domestic market. emily: that said, the u.s. is still the biggest potential international market for alibaba. it is something the company is very focused on. they are going to the ringing the opening bell of the new york stock exchange on the stage behind me. the head of the new york stock exchange is going to be here with a team of alibaba executives to ring the opening bell and we are going to be watching to see just how many, just how much alibaba has been able to ring up on this latest singles day. manus: before you tell me about the stock price, what did you get me? come on, tell me. what did you get me? emily: i told you, manus. i pre-ordered you an air purifier. told, onefar as i'm of the most

alibaba is listed on the u.s. stock exchange. they don't want to appear on the notorious list which would directly affect the site. >> sham goods are easy to spot. a bag for $150, prices for the real thing begin at around $3,000. even cheaper, this bag selling for just $15. alibaba is owned by the chinese entrepreneur jack maar, now being sued in the united states. alibaba says more than a billion and a half dollars were spent within the first 12 minutes of this on line festival. china's economy may be slowing, but consumption on wednesday at least appeared robust. on line retail sales are up 40% on a year ago. that jump in business appears to be at the expense of traditional retailers. >> this was once a pretty busy shopping mall that specializes in electrical goods. today, there appear to be more staff than shoppers. the reason for that, say some of the retailers we've spoken to is the growing threat from on line shopping. >> for an economy losing speed, any growth is good right now, the question is whether that rise in consume

the chinese website alibaba breaks records in a multi-billion dollar sale. thousands of demonstrators have gathered outside the presidential palace in the afghan capital. they're protesting against the beheadings of at least seven members of the minority hazara community very close to the border with pakistan. live to the correspondant. people calling for greater security. >> reporter: that's right. the government has just declared today an official day of mourning as thousands of protestors mashed across the city. they started earlier in the morning carrying the coffins of those dead hazara which carried the bodies. all of those were beheaded. they have converged at the gates of the presidential palace. they are calling for better security. the anger is very palpable amongst the population. they say the government has failed to address crimes committed by the taliban. these people were abducted, held for several months and then killed. it was the latest in the series of abductions. the demonstrators are not just hazara, there are people from around the nati

without the internet, there would no be alibaba.merican tourists who come to my city, i would never learn to speak english. without such a wonderful innovation in silicon valley. so, i think -- people say why doesn't alibaba come to america? when are you going to compete with amazon, ebay. if we go there, we want to help small businesses. we have such a huge demand of chinese consumers online. every day, today, more than 100 million people on the mobile phone shopping on our site. we need good products, unique products, and the usa has a huge potential. in five years, i want our team to be thankful to invest in high technology, invest in the startups in the united states, helping them to grow. helping them to grow not only by money, but helping them one day to come into china. it is a huge market. emily: amazon is also going global. they are focusing on india. you are focusing on russia. when do the world's biggest e-commerce companies collide? >> amazon and alibaba have a pretty different model. they buy. they sell. we are a platfo

was created by alibaba in 2009. now it is the nation's shopping festival.f the barometers for people to look at how healthy they are. >> what is the bigger picture here? >> it is a competition they cannot afford to lose. theirmpany has moved control room countdown from beijing for the first time. they will be closer to the political culture and media center. at singles we look there is a ramp up in promotion. what should we specifically be looking for? >> people will be looking at the gmp figures. typically in the past five years .hey've had a growth of 227% amazing figures there. it will come down a lot. >> for the comparative that is right as well. >> thank you. stories,ack to our top singapore airlines wants to take tiger air private. why are they doing this? >> they are doing this to basically optimize on their network. acrosste more synergy their airlines. airlines at least four under their domain now. they want to turn tiger around. it has been a lossmaking operation. they have been structuring the operations and analysts think it is near the inflecti

alibaba was down. then they had a good earnings report. does singles day really matter that much or has it become an anomaly, sitting there in the middle of the year? >> a couple things there. so, one that $12 billion would represent almost 30% growth over the $9 billion last year. that's off a tough comp because last year grew 60%. when you're try and scale that versus other events, this $12 billion is four times the size of u.s. cyber monday. the real key, why it's such a different time of year, the first time they really pushed hard globally with 100 new strategic partners, 5,000 overseas brands. they're going to ship these in one day. it is sort a seminal event. >> if you didn't want to buy shares outright but you thought singles day was going to be a success, given they are increasingly focused on selling european and chinese brand to the u.s. consumer, which stocks would you buy in the u.s.? >> look at their announced strategic partners and see who's embracing this wholeheartedly. what's really important about this, this will probabl

a megamerger creates a beer behemoth, alibaba has its best alibaba has its best day ever, and the boomingrt market could be heading for a bus. from the eu to the gdp, it has been a volatile week and politics. >> people say, where did alibaba come from? alix: and a peak at some revealing charts, this is "bloomberg best." ♪ alix: hello, i am alix steel and welcome to "bloomberg best." in weekly review of the most important news coverage, analysis, and in-depth journalism from bloomberg television fell global network. our stories begin with news of banking implications around the globe. >> federal prosecutors are calling this the largest theft of consumer data in history. prosecutors named suspected hackers for the first time and directly linked them to a cyber attack against j.p. morgan last year. joining us is a chief security and ourat trend micro correspondent who covers white-collar crime. let me start with you. what are the ramifications? >> he used a word i call very apt, breathtaking. this was a crime syndicate, much like the mob of old. it was hacking into financial institutions and

alibaba share will be proportion gnat.eople talk about the other players but this is alibaba's day. >> is there a moment you think that could turn? do you say you know what i see them coming at the heels of alibaba in a way that we haven't seen before or is it the opposite? >> that's a great question. if you ask me that question two years ago i would have said yes but what we have seen in the hast couple of yea last couple of years is its gone from being a traditional e-commerce marketplace to more than that. video streams, omi channels so working with brands and investing in off line retail as well as online so this company that we thought of just a year ago as basically somebody challenged by the mobile revolution in china is now much more. >> you have seen the short thesis on alibaba and the concerns that certain investors have. >> absolutely. >> given your bullishness, just speak to that. >> so 12 months ago i share somd of the same concerns but what we have seen is how they're broken out of that. it's almost like goog

disney, starbucks, diamond rock hospitality, apple and alibaba. >> alibaba. okay. here we go. we got a lot of work to do here. boy, we got a lot of work today. that's what we're paid for. we're paid the big bucks because we work. disney, i like disney. i've mentioned it in passing the other day. bob iger going to get that team. alibaba is a retailer in china and apple this time we have no conflicts. apple's technology, that portfolio works. the only overlap is igor on the board of apple. that's not much overlap, i can handle that. i like that portfolio. well done. well played. wow, the game is getting harder than ever. take the points. stick with cramer. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >>> i've been coming out here every night telling you retail's bad, apparel's bad. but i did not know it was this bad. at macy's quarter was a wakeup call. this is just not going to be a good holiday season until we get a cold snap. and right now there isn't one. say there's always a bull market somewhere. i promise i'd find i

a record day of record-setting stage for alibaba.h of november turned out pretty well for china. alibaba's single state promotion rewrote the record books underlying evidence that consumerism is the new growth drivers. big numbers indeed. my goodness. by midday yesterday, they had passed through last year's record of $9 billion. by the end of it, there were 2 million delivery men on the road bringing those goods. the final tally, $2.3 billion in sales. -- $14.3 billion in sales. craig from the james bond thrill. what is significant is that the chinese consumer is powering ahead in a time of the chinese economy slowing down. it really shows the rotation from the old economy to the new economy at the government tries to power the consumer, and power the consumer, and they have responded. the are looking at going global. jack bought what had to say. 1111, the next five years, we may be in tokyo, paris, maybe new york. we hope that 1111 is a great day for every consumer and small business. this captured a successful -- good morning. >> o

disney, starbucks, diamond rock hospitality, apple and alibaba. >> alibaba. okay. here we go. we got a lot of work to do here. boy, we got a lot of work today. that's what we're paid for. we're paid the big bucks because we work. disney, i like disney. i've mentioned it in passing the other day. alibaba is a retailer in china and apple this time we have no conflicts. apple's technology, that portfolio works. the only overlap is igor on the board of apple. that's not much overlap, i can handle that. i like that portfolio. well done. well played. wow, the game is getting harder than ever. take the points. stick with cramer. aleve pm. the only one to combine a sleep aid... plus the 12 hour pain relieving strength of aleve. be a morning person again with aleve pm. jill and kate use the same dishwasher. same detergent. but only jill ends up with wet, spotty glasses. kate adds finish jet-dry with five power actions that dry dishes and prevent spots and film, so all that's left is the shine. for better resests, use finish jet-dry. girls: (giggling) girl: he's so cute. what should we

alibaba is an u.s. listed company and listed on the new york stock exchange. it has to make sure that it does not appear on the notorious list of the trade representative which is would negatively impact it. >> sham goods are easy to spot. a louis vuitton bag for $150 when prices for the real thing are around $3,000. this bag with a louis vuitton pattern selling for $15. alibaba is owned by jack ma, now being sued in the united states by the conglomerate that owns gucci. alibaba said that more than $1.5 billion was spent in the first 12 minutes of this online festival. china's economy may be slowing but consumption on wednesday at least appeared robust. online retail sails are up 40% of a year ago. but that jump in business appears to be at the expense of traditional retailers. >> while this was once a pretty busy shopping mall specializing in electrical goods. today there appears to be more staff than shoppers. the reason for that say some of the retailers we spoke to is the growing threat from online shopping. >> for an economy any growth is good right now.

alibaba already exceeded the online sales around the u.s. thanksgiving day holiday, black friday as well as cyber monday. singles day is an antivalentine's day. it started with university students that got together and wanted to give themselves and each other presents. then alibaba turned the day into a massive consumer shopping extravaganza. the event is normally headquaters but this year it's in beijing and there was a big gala last night where even daniel craig took the stage. the point of the event is to get chinese consumers spending and there's heavy discounts and deals for everyone. people could preorder the ipad pro or get a 50% discount on a cadillac sedan. now there's concerns going forward after today. people are worried there's irregularities within accounting and people are concerned about the fakes sold on its sigte. they also face the economic slow down in china and all the issues threaten it's global ambitions. still the chinese premiere got in on the action. his office called alibaba to wish them congratulations for singles

alibaba's single day promotion --e world -- three wrote >> big numbers in d.y midday yesterday, they had passed through last year's record of $9 billion and by the end of it, there were nearly 2 million delivery men on the road in china delivering goods. final tally from $14.3 billion in sales. it started off with this star-studded variety show, adam lambert, kevin spacey on a youtube video and they actor from the james bond film. what is significant besides the corporate success is that the chinese consumer is powering ahead in it time of the chinese economy slowing down. it shows the movement from the old to the new economy as the government tries to power the -- and power -- empower the consumer. they are looking at becoming global. let us see what jack ma had to say in china yesterday. >> 11-11 from this day starts for china and will go to global. in the next five years, we may be in tokyo, paris, and maybe new york. that 11-11 is a great day for all consumers and every small business. >> this was touted as a successful first visit by modi to the u.k. our

alibaba is about to kick off an evening gala.his is a four hour event to kick off what has become the biggest shopping day of the year in the world. dwarfs black friday or cyber monday. last year they sold at dollars worth of merchandise. this year is expected to be bigger than ever. the china post estimating 760 million packages will be sent on single state tomorrow-- single's day tomorrow. manus: you know what i find fascinating. is that the -- olympic park? emily: yes. this is the water cube that you saw 2008 were michael phelps won i believe eight gold medals. i was actually here in 2008. i came here to cover the olympics. i will say they're a summary things about beijing that never change for so many things that change so quickly. the city is almost unrecognizable for when i was here five years ago. manus: we have got a couple of other things to touch alibaba -- they have just done a deal, haven't they? emily: they just bought yoku, $4.8 billion. you can think of it as a youtube of china, accommodation of youtube and netflix

alibaba set a new sales record.brown has that story. >> reporter: this woman has been counting down the days to this moment. she is part of china's growing middle class. >> i want to buy couch. i want to buy storage box. i want to buy some clothes for my daughter, and a new handbag. >> reporter: the only time she goes out to shop is for fruit and vegetables. everything else is ordered online. especially today. >> they will give discount, some stuff maybe 50%. >> reporter: she is a customer of alibaba, the world's biggest online retailer which organized this shopping festival. but shining a spotlight, reports say -- china's official immediate say that 40% of the goods sold were fakes. >> it has to make sure it does not appear on the list which would mean direct impact on the share price. >> reporter: sham goods are easy to spot. a bag for $150, prices for the real thing, begin at around $3,000. even cheaper, this bag, with a patten, selling for just $15. alibaba is owned by the chinese entrepreneur, now being sued in

stephen engle at alibaba mission control.don time -- emily chang will sit down with jack ma. don't miss that conversation. , the ceo to our guest of armstrong investment management, joining us now. great to have you here. we are looking at this single day in china. is this another illustration of how they are trying to re-orientate the economy away e industrial growthee story? how convinced our unit that is possible? : when you look at the fact that they bought this six months ago, the government has been actively trying to work on stimulating the consumer to start spending more. engaging, we know that the man who went for infrastructure -- these are great news for the domestic consumer in china. they are thinking -- this is sustainable? bel it be's -- will it sufficient? it has proven to be a success and the question is how sustainable will it be? anna: yes. so away from this one-day event, how sustainable is this reorientation? are you concerned about the level of indebtedness that they are going to rack up, if this going t

accusing alibaba of limiting competition.ompany says alibaba is asking merchants to shun other e-commerce platforms on november 11. alibaba's jim wilkinson said date he is panicking because they are losing. they cannot match alibaba's customer and merchant experience. last year alibaba had more than $9 billion in sales during its one-day promotion. twitter stars are now hearts. they changed its star or favorite icon which allowed users to favorite tweets. take a listen to our interview on studio 1.0. >> even if you don't do a lot of work are going to find between you want and follow the tweets related to the debate or the game. >> you want a heart instead of a star? >> it makes you feel really good. favorite, that word is like, is it really one of my favorite posts? most people won't do it. emily: now it's official, twitter is doing it. we ask about whether he is a heart or a star dive. >> i love it, no pun intended. i think it is great. i love the heart. they have been testing it, clearly they have gotten feedback that is wo

alibaba has a few disruptions in the market. we have seen that with the main retail chain operators. some of the large multinational operating in the space have been struggling this year as a result of that. there has been a response in the market and a lot of these countries are beefing up their online operations. so we're going towards a very competitive market online competitive space. that means the profit margins are quite thin in terms of these channels >>> pictures coming to us. this is heads of state arriving in latin america arab summit working on boosting trade there. we've heard from the saudi king who has noted the potential for further growth in two-way trade. more on that later. in the meantime, go to our website aljazeera.com for all the news we've been covering. >> we're driving to a crime scene in a suburb outside of columbia, south carolina... we've come because more women are killed by men here than any other state in the country...

alibaba threw a va ray tee show to mark the day.aniel craig and kevin spacey, playing house of card president, frank underwood. >> if i were allowed to shop on your singles day. i wind how cheap i could get a new burner phone for example. >> reporter: in the fierce rivalry for online shoppers, jd hopes to cut into alibaba's bottom line. jd filed a complaint. china's government is investigating alibaba for pressuring come pans to sell only on its platform on single's day. overall jd sales are growing almost three times as fast as alibaba's. using a different model. buying from suppliers and shipping to customers. >> in a lot of ways we are similar to amazon. what is different between us and amazon is we have our own trucks. and our own delivery employees. >> the idea is the delivery person at your door is a company employee. who can answer questions and manage returns. in this high stakes bid for business, companies try every angle to get ahead. >> we have loud speakers. in these warehouses. we play very inspirational music. >> songs

i would say alibaba is the main player.zon with so much momentum and so much momentum with the walmart. it is flipped now. the new media has become the traditional, how everyone will be transacting and doing their work. >> there with such positive news yesterday and a huge win for yahoo!. is it too late? >> i think it is a difficult transition for them. from an advertising standpoint when you are so dispersed around the world. they don't have a real subscription kind of business. they are struggling on their e-commerce business. they have one revenue stream, which is advertising. the market doesn't value advertising these kinds of revenues as they do e-commerce or software. >> you mentioned liberty media. they did come here and make some investments. do you see alibaba as making an amazon move from e-commerce into a content company? >> they launch their own kind of prime service streaming video. if you are in the web service business and conference business, really a big data platform. bringing buyers and sellers together.

alibaba setting a singles' day $14.3 billion sales record in china.o jack ma people around the world to join in. we will hear his prediction for the chinese economy. alix: and can renewables not cap also fuels? heats up in 2016. inbev following up on its new deal. we want to start with a snapshot on today'ti