alibaba is putting dollars upfront to get people to buy things from them you buy $2,000 from alibaba you get a $2,000 discount. they are investing >> there's the kind of relationship that we're talking about, you know. now if all of a sudden things are less chilly you could see a lot of activity here >> potentially i think this is fascinating from an office depot standpoint >> why did it go up? >> i think office depot is one of those resellers that's been disrupted by amazon and has pushed further into services this highlights that essentially becomes this go-between for some of the smaller business customers that are looking to get into things like manufacturing and here's what was really interesting to me in terms of office depot and where they are garnering more of their business it's more business to business than business to consumer it provides 69% of revenue up from 49% about two years ago this is a company that's trying to re-invent itself. >> i just kept waiting for that paragraph to tell me what office depot gets they are giving their customers to alibaba maybe there's a pa

emily: that was alibaba cofounder and executive vice chair joe tsai.er steve wozniak speaks out in an exclusive interview with bloomberg. what he thinks about facebook's mark zuckerberg, next. this is bloomberg. ♪ emily: home exercise startup pelaton is choosing goldman sachs and j.p. morgan chase to lead its ipo. the offer could value the company at more than $8 billion. pelaton sells exercise bikes and treadmills with tablets attached that constrain live exercise classes. apple cofounder steve wozniak says he lost respect for mark zuckerberg when he saw how he testified in front of congress. he sat down with our yousef gamal el-din. take a listen. steve: different technologies are ongoing life things. very often when i am associated with a company, i urge them to hold off as long as they can from an ipo because then you are no longer running your own company, the shareholders are, and your positions are different. i am not looking at any specific technologies or companies that i would not think about in terms of how do we get to an ipo anyway. that i

mean forat does it all alibaba, whether or not a deal happens?erate for the long-term, so we are hopeful that a deal will happen. obviously, the markets have responded to that. if you look at our core tiedesses, most of it is to domestic consumption so even if it doesn't happen, we will continue to chug along and focus on our strategy. our strategy in new retail is focused on digitizing the domestic retail sector, making retail more efficient. that is all driven by domestic consumption. emily: how optimistic are you based on what you have seeing, that a deal will be reached? joseph: i am always glass half-full kind of guy. optimisticiously based on the developments. the two delegations from the countries have met several times , and president trump has said there is going to be a meeting between him and president xi at a place and time to be determined. i think these are positive developments in the signaling is pretty good. -- and the signaling is pretty good. at the sportshere innovation summit at the stanford school of business, and you are th

alibaba was driving the action. what happened?investors like the news of alibaba helping to create a platform for office depot's customers to access suppliers. it was a way to use their products, if you need to get components to the business that he you are in, you could do it -- that you are in, you got access to alibaba. the markets are off by about 1.2% across-the-board. take a lookcaps -- at the bloomberg. showing function up, you a dashboard of what is going on with a particular stocks. and this is volume, volume is up on office depot today. people are interested in the stock and trading it. and we have seen it reversed completely. david: it is clear what office depot would get out of the deal, they need to be big online. what does alibaba get? is this a foot in the door in the united states? emma: they get access to office depot's 10 million customers who are sort of small to medium businesses, so they could see that as a way to grow their business as a way to access not just regular joe buying something online, but perhaps

comparing how tencent is performing to alibaba, baidu?a: they have this giant asset that is very important. wechat has over one billion users, and the advertising ad load is still low compared to facebook. in the enterprise space, alibaba has spent much more time developing advanced capabilities in cloud computing and other business-to-business services, but it's not just alibaba they have to deal with. there's also companies, whose users are vying for attention. the short video apps are incredibly popular in china. so users in china are being split between all these tech giants, and tencent has to keep outspending them to convince them to return with fresh new content. emily: all right. selina wang for us. thank you so much for that reporting. coming up, it is the first big tech ipo in the united states for 2019. how are lyft's investors reacting to the roadshow, and what do early investors have to say? next.talk to two of them and later in the show, an experimental drug to cure alzheimer's is a failure. we discussed where the fight stan

alibaba is a winner here.eally driving tencent's underperformance is the halting of its gaming license from the authorities, though the licenses are being renewed slowly. it really hit tencent's bottom line as you have been reporting. its profit fall is the biggest in a decade. for alibaba, there is no negative views on the government front. yvonne: all right, gtv is where you check it out. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." hundreds of millions of facebook passwords, visible to its employees. the social network admits to an egregious flaw dating all the way back to january. plus, amazon has been beta testing video apps on ios for months, the latest attempt to grab a bigger chunk of the $129

are they a real threat to alibaba?ink it really addressed the market segments, has a really served very well by alibaba or jd, which is how to effectively find merchants at a good price. the model they had, the social network, referred by friends and aggregated demand from consumers very quickly so the supply, we can provide merchant products at a very attractive price to users. this is a company that really addressed that market. you see the biggest user demographics with third or fourth tier cities which is really the driver for internet growth. this is a company that really has a lot of potential. emily: is there a good comparison in the u.s.? james: it is original innovation. my partners and i always try to figure out how we can make it work in the u.s. emily: is it was like a new budding amazon but in the -- but popular in the middle of the country? >> yes, and now it is a public nasdaq company. emily: why doesn't it work in the u.s.? james: there is a potential. most of the sellers are in china. if you go here wi

kenya's safari com is teaming up with china's biggest commerce company alibaba plus. scott hardware in thailand the world's largest exporter of rubber global oversupply has cost the price the planet leaving farmers here scrambling to make ends meet a subsidy program has been called by some as a quick fix because it misses the main issues that story coming up. it is a public square a library a doctor's office a school a cinema a shop and much much more the world wide web has turned thirty and its inventor tim berners lee has called on the world to build a better web we'll have more from tim in just a moment but first our technology editor mariana honda explains the impact of his invention over the past three decades. it may be hard for many of us to imagine a time when you couldn't just log on to the internet and search the web it's how many of us stay in touch make friends talk search and share information but thirty years ago none of that was possible electronically at least wow all this as this is british scientist timber nearly because back in one thousand nine hun

it is a combination, less so for amazon, but i would say for facebook, alibaba, you can get something they're 20 times earnings and growing 20% plus revenue growth historically undervalued for large cap growth at these rates. >> tom, i was a little surprised not that autodesk did well after the bell yesterday but their commentary on strength across a bunch of different reasons, not that you cover autodesk specifically, but that's a company that deals with building, has insight into manufacturing and trends there should we take that perhaps as a signal that in tech, slowdowns that we hear about aren't necessarily effecting all consumers the same >> i think the general environment for tech is still quite favorable, to the extent you have a lot of economies across the globe doing well. the u.s. continues to do well. and you've seen some companies in particular do a good job navigating brexit related challenges in the uk while there are enough reasons to be concerned about as far as some challenges i think that this is still fertile soil for tech and with low interest rate environment and

, i have been talking about alibaba so much, why?recovery oifis over yet by any stretch of the imagination. they are this brand new upstart e-commerce company. the amount of institutions that are involved in alibaba and buying and holding is ridiculous. i think alibaba is going to keep going higher from here, much, much higher. now, the second one is also a china-related company. it's an upstart electric vehicle manufacturer that some will say will actually end up rivaling tesla. tesla is down today and this vehicle manufacturer called nio, has earnings after the bell today. it's up, if it's on the screen, up like 7% today. i believe this company, if it does have a positive earnings surprise from a revenue and vehicle production standpoint, is going to be a heck of a year for this company and it's kind of a hidden gem at this point. charles: full disclosure, i am subscribers in the stock and my wife is long in it as well. the market has been somewhat sideways and has been consolidating and again, the more it lingers, the more anxiety

it is interesting what you say that is behind alibaba and snap.ou look at the different stories generated by snapped and alley,. -- and alibaba. alibaba has tripled, snap on the downside. taylor: lyft has a more favorable image then uber does. we know lyft has increased their market share at 39%. uber's market share has declined. analysts looking to be on par with uber's market share by 2021. vonnie: ok. taylor, thank you. taylor: i will get through. theie: lyft our stock of hour. this is bloomberg. ♪ so with xfinity mobile i can customize each line for each family member? yup. and since it comes with your internet, you can switch wireless carriers, and save hundreds of dollars a year. are you pullin' my leg? nope. you sure you're not pullin' my leg? i think it's your dog. oh it's him. good call. get the data options you need, and still save hundreds of dollars. do you guys sell other dogs? now that's simple, easy, awesome. customize each line by paying for data by the gig or get unlimited. and now get $250 back when you buy a new samsung galaxy.

she pseudo--- a company is forming a tie up with alibaba.p, percent, almost 1% right there. this is a joint business plan with both sides collaborating on brand marketing, e-commerce, and other areas. to have theseted products available on alibaba toups, exclusively on imo. brand.s a particular we are seeing this business announcement by shiseido and alibaba leading the gains on the shiseido stock. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving simple. easy. awesome. stay connected with the best wifi experience and two-hour appointment windows. click, call or visit a store today. su: this is "daybreak asia." i am su keenan. we start with china's first official economic gauge for march. it shows signs of stabilization and then some

they say amazon lost out to alibaba a long time ago.n terms of the massive chinese e-commerce market, yes, they have lost to alibaba. but there is a market people don't talk about, which is, overseas e-commerce. the base of the big base of manufacturers to sell to other parts of the world. that is where amazon with shipping containers and aircraft is doing well. shery: thank you so much for that. brad stone in san francisco. that is "bloomberg technology global link." this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. sydneyit is 9:30 a.m. in . futures looking flat. up and dow

by east africa's biggest company safari calm as agreed a partnership with china's e-commerce giant alibaba the deal will help safari com customers use its mobile money services outside kenya and tessa has been operating now for more than a decade well it's been credited with pulling some two hundred thousand people or two percent of kenya's population out of poverty in the world first the kenyan government used the mobile phone platform to sell bonds safari com is worth eleven billion dollars that is kenya's biggest company accounts for six and a half percent of the country's economy our economics editor abbott ali caught up with bob cole a ball the chief executive officer of safari com he asked him about the social impact of m.p.'s. so we got the anecdotal stuff and we've got the quality of stuff but the quantity stuff so you know i'm usually we have increased the financial inclusion penetration in kenya for. around twenty twenty three percent it's about seventy five percent and when you increase and deepen financial inclusion the people who you actually capture in that space are the peop

i like alibaba and jd as well. they're doing a lot of traveling.'m looking into some of those names. katherine, rob, thank you both very much. >> thank you, charles. charles: canada will allow a extradition case against the cfo of huawei after she pled not guilty to u.s. trade theft charges. as part of a u.s. charm offensive ran a full full-page n major newspapers urging americans not to believe everything they hear about the chinese company. huawei chief security officer andy purdy told maria bartiromo this morning that the company is not a security threat. >> we've been trusted for last 30 years 170 countries. there have been no major cybersecurity incidents involving huawei in the world. we're not saying that because of that record there should not be strict scrutiny of the kind of products and technologies we sell. we think there needs to be greater effort to address risk from all technologies and all products. that is what is necessary to make us all safer so we confidentially use the new technologies. charles: you know how we are, we report,

changes inping china, affecting tencent and alibaba. south korea getting underway.ket action. sophie: seeing as shares in tokyo, the nikkei 225 adding .9% and attending to bring back the losses on wednesday. we have the yen holding steady ahead of the boj, kicking off its policy meeting. there have been words of caution for the central bank given the series of disappointing economic data japan has had to contend with. they are looking at a slight downgrade this month, giving you a sense of what is like on the ground. .3% this adding morning, keeping an eye on electric vehicle makers -- electric vehicle battery makers. they were excluded from a subsidy list in china. looking at stocks in sydney and wellington, the asx 200 set to drop, the being led higher by research materials. there seeing of course countdown to the chinese data dump at 10:00 a.m. hong kong time, output and 5%, the weakest prices in three years. -- at 5%, the weakest prices in three years. the british pound is steady after the jump overnight, below the 133 handle against the dollar. we are seeing st

by east africa's biggest company safari com has agreed a partnership with china's e-commerce giant alibaba the deal will help safari com customers use its mobile money services outside kenya and pessah has been operating now for more than a decade well it's been credited with pulling some two hundred thousand people or two percent of kenya's population out of poverty in a world first the kenyan government used the mobile phone platform to sell bonds safari com is worth eleven billion dollars it is kenya's biggest company accounts for six and a half percent of the country's economy our economics editor abbott alley caught up with bob cole a ball the chief executive officer of safari com he asked him about the social impact of impasse. so we've got the anecdotal stuff and we've got the quality of stuff but the quantity stuff so you know neutrally we have increased the financial inclusion penetration in kenya from around twenty twenty three percent to about seventy five percent and when you increase and deepen financial inclusion the people who you actually capture in that space are the peopl

it would be an irony if alibaba, tencent and those dominated the world.e need strong antitrust protection. the paradigm should be the microsoft case. microsoft cannot privilege their own products or tie internet explorer -- they prohibited that. it is not break michael soft up. -- microsoft up. we see the giants of the past like aol or yahoo! are often not the giants of the future. strong antitrust protection yes. breaking up big companies, now. emily: what kind of antitrust would you impose on amazon, apple and facebook? rep. khanna: you should not have anti-competitive platform privilege. you can prioritize your own product. a concrete example, amazon should not be able to say that when you search for a detergent you want to buy that the first things you will see is amazon basics. they should make sure that every competitor has equal access to their platform without biasing their own products. those types of reasonable steps and strengthening antitrust law is a good thing. that doesn't mean that we break up these companies into multiple alibaba tohen al

we are looking at two test cases, alibaba and snap.e of days and now i could not be more different. alibaba tripled in market value and snap is down by one third. does it take three months or six months? christopher: that is the big question, how many quarters does the street give lyft to show up with numbers? i am not sure i am the right person to answer that, but when you move away from alibaba and softwarecan name 20 stocks that have exceptional ipo's as well. space, what ise doing really well? as one: i look at lyft and they have listed themselves as a service company. they want to be traded at high premium multiples. because their gross margin structure is not sorted out and they are nowhere close to profitability, software services companies generate a lot of cash flow, i do not think they will generate premiumon and they will be somewhere in the middle. the let's bring up bloomberg ipo index that esther verrone just brought up. the sharesg to own of lyft? if it is 98.25% insiders with a stub of equity ownership, who will own tho

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up dozens for an estimated ninety million euros earlier this year that's great for the startup founders but is it good for society when healing. poses a risk the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent. and that should end up limiting individual freedom with the if i had as i ensign reconciles on is that i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high as trading your personal data for free apps or services a fair exchange all will big data turn into a surveillance nightmare what do you think join the discussion on facebook on d w dot com goodbye until next time. in good shape. topic this week keeping fit while growing older. so you might ask why not on the treadmill. or sipping vegetable soup. because people enjoy life is longer. that's a start what else can do to stay. good

already been stored stream processing is a big new thing so it's no surprise that chinese complement alibaba snapped up their business for an estimated ninety million euros earlier this year that's great for the startup founders but is it good for society. when healing. poses a risk to the data could be compiled and analyzed in such a way that for instance human behavior becomes more predictable and transparent. and not to end up limiting individual freedom if i had as i mentioned i reconciled honestly i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high is trading your personal data for free apps or services a fair exchange or will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. listen very closely to cars like a tiger. only a seven sport back elegant glide masculine design. do you hear anything at all. hybrid. the fifth generation of the best seller toyota ross will. drive it next believe.

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up designs for an estimated ninety million euros earlier this year that's great for the startup founders but is it good for society when healing that poses a risk to the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent by . a nun can end up limiting individual freedom if i have a science and i felt honest that i am pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high is trading your personal data for free apps or services a fair exchange or will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. after it naturally sustainable no animals were killed to make these products played for fun at least if we can equivalent unless that paper bags made from the nullified is no need for plastic bags here sustainable out

>> we are with alibaba, for example. we have a strategic discussion with alibaba.ayground for us. we can offer a lot of brands. if you love japanese products, they love thai products for example, we can go to india. setsve lots of the skill to play in india, but we are not in a hurry. little by little, we had to take a look at local consumers. -- united states and china, consumers and local cities are very different in terms of their needs and regrets. same as in india. we want to know more local consumers. jason: i want to ask you -- because i think this is something you commented on before, carlos ghosn being released on bail. this has brought to the attention of the world the japanese system and the culture of companies. at what is your take on what is going on now and where it goes from here? the detention period is too long. the government or judiciary system should explain to global market as well, but another point is the corporate governance. what he did is generally just renault wrongdoing -- general wrongdoing. when you go to the legal action, that should

it would be ironic if alibaba, tencent, and baidu were dominating the world.igm should be the microsoft case. -- the government said they could not tie internet explorer and they prohibited that, but they did not break that up. we see in technology that the giants of the past like aol or yahoo! are often not the giants of the future. strong antitrust protection, yes. breaking up big companies, no. antitrustt kind of protection would you advocate? rep. khanna: you should not have anticompetitive platform privilege. it means you should not be able to prioritize your own product. let's take a concrete example. amazon should not be able to say that when you search for a detergent, the first thing he will see is amazon basics. everyeed to make sure competitor has access to their platforms. ande reasonable steps strengthening antitrust laws is a good thing. that does not mean that we break up these companies into multi-parts and then allow alibaba to succeed and become the world's platform. emily: you represent silicon valley. have any of the representatives reached

if alibaba,an irony tencent, and baidu were dominating world.ou do need stronger antitrust protection. the government said microsoft could not privilege its own product. it could not tight internet explorer, and they prohibited that, but they did not break up microsoft. that led to the rise of netscape and google. the giants of the past like aol or yahoo! are often not the giants of the future. strong antitrust protection, yes, is breaking up -- yes, but breaking up a companies, no. would you advocate on google, amazon, and facebook? rep. khanna: i would say you should not have anticompetitive platform privilege. you should not be able to prioritize your own products. let's take a concrete example. amazon should not be able to say that when you go search for a detergent you want to buy, the first thing you will see is amazon basics. they should make sure every competitor has equal access to the platform. those type of reasonable steps and strengthening antitrust laws is a good thing. that doesn't mean that we break up these companies into multip

alibaba got a big pop and then it was down. >> if you're an individual investors and you're looking at one month or six month p reture, you shouldn't be doing it. that's not the way i think anyone should look at it you mentioned a peter lynch-esque escription i don't get nearly as excited as i used to about this stuff because i know that any individual ipo is indicative as markets than environments of 1999 when things were truly crazy. this is an ipo the window was opening because the market was in great shape. we'll see more of these. look, if you love the company, you buy it if not, you stay away and do something else >> what is josh brown thinking about this today >> i agree about the importance of this to the nasdaq. it's great to see a very high profile company price well and open well. this is fantastic action one thing i was talking about prior to the show with ron, i just love that i'm talking to young investors now and they are excited about stocks this is part of the reason they know this company. they use it. it's friendlier to the younger generation than uber is in temss of

alibaba has tagged lazada as its southeast expansion leader.sells 300 million products in six countries in the region. alibaba acquired a controlling stake in the company in 2016. southeast asia remains a target for many e-commerce giants as there is no singular dominant player in the area. facebook may not operate in china, but that is not stopping it from taking legal action against regional posters. the social neg individuals for promoting the sale of fake accounts. the suit alleges the fake accounts were marketed for sale on six websites over the last two years. those are the top global tech stories we are watching. emily: thank you. the u.s. government is trying to ensure that the next generation of wireless technology, 5g, is not dominated by china, specifically one company and that is huawei. one person who does not share those fears is cisco ceo chuck robbins who told cnn that "the current infrastructure around the world is built on the combination of communication suppliers from europe, china, the u.s. and everywhere. despite everythin

we start in new york — where taxi app lyft is set for the biggest stock market listing since alibabapublic in 2014. strong demand for shares has seen them priced at $72 — higher than expected — valuing the company at $24.3 billion. lyft is the smaller rival to uber— which is expected to list its own shares next month — and could be worth almost five times as much. let's show you some of the numbers. lyft says it now has a 39% share of the ride hailing market in the us. that's up from 22% two years earlier. its drivers have given more than a billion rides since it was founded in 2012. and its revenues double last year — to more than $2 billion. but like uber — it's losing money. in fact its losses are deepening as the company invests in expansion. last year it was getting on for a billion dollars in the red. our us technology correspondent dave lee has been on the road in lyft‘s home city of san francisco. this is the sketchy used goober of all time. if lyft does poorly than that will hurt cuba. i think there is enough sustaining hype for a company like lyft to do well out of the gate

-based china stocks like alibaba alibaba trades only here on the new york stock exchange.got to get the mchi to get that the crane shares china internet etf has internet related stocks. that trade everywhere that the chinese stocks trade the china internet includes the u.s.-listed shares, what we call the "n" shares go on china mainland stocks that some people want, the ashar is the choice it holds the 300 largest and most liquid stocks in what we call the a-shares or mainland market the big global index providers like msci have recently been increase their weighting off china mainland stocks in their indices, and that means if you own any kind of international fund in the future, you'll be owning more china stocks in the future as well that's been, of course, a big, big push by the chinese to get into more of the international indexes recently. >> when you look at the market declines this week, every day a down day how much do you think it has to do with the uncertainty over the u.s./china trade deal or is there something else >> a different narrative remember what was go

it would be an irony if alibaba, tencent, and baidu were dominating the world.nk we need stronger antitrust protection. the paradigm should be the microsoft case. the government said microsoft could not privilege its own product, it could not tie internet explorer and they prohibited that, but they did break that up. we see in technology that the giants of the past like aol or yahoo! are often not the giants of the future. so strong antitrust protection, yes. breaking up big companies, no. emily: what kind of antitrust protection would you advocate? on google, amazon, apple, facebook? rep. khanna: you should not have anticompetitive platform privilege. simply, that means you should not be able to prioritize your own product. let's take a concrete example. amazon should not be able to say that when you search for a detergent, the first thing you see is amazon basics. they need to make sure every competitor has equal access to their platforms. those type of reasonable's -- reasonable steps and strengthening antitrust laws is a good thing. that does not mean that w

alibaba moving lower. alibaba is down about three percent. also american eagle outfitters down after the company reported revenue shy of estimates. it gave weaker than expected current quarter guidance. over to sue herera for a cnbc news update. >>> in washington, first lady melannia trump onerring women from around the world with international courage awards. >> as i have said before, i believe courage is one of the qualities we need most in society. it is what propels us forward. courage is what divides those who only talk about change from those who actually act for change. >>> french cardinal announcing he would hand his resignation to the pope, this after a court found him guilty of failing to report accusations against a pedophile priest. the court handed him a six-month suspended prison sentence. >>> and queen elizabeth posted her first instagram image, this from the science museum to help promote the summer exhibition. she shared a letter from charles babbage to queen victoria and prince albert. i love that story. you're up to date. g

of deals could be reviewed by the panel a year ago, cfius blocked the purchase of money graham by alibaba'ssonal data at risk in that deal. grindr is a messaging app for the gay, lesbian, transgender and it's unclear what the specific national security or technology risk was of concern to the u.s. government but kyle bass tweeted this morning that he thinks china wants to build a plaque book on sexual exploits of u.s. persons to use for blackmail this deal was never submitted for cfius review, bass tweets. we should note, the companies going through the review are completely confidential. rod hunter, a cfius attorney at baker mckenzie says the concern is most acute for data on government employees or military personnel who might be using the platform grindr's parent company and treasury did not respond to a request for comment, but this would be a very high-profile undoing of an existing deal, guys >> yeah. you know, it's interesting, kayla, an financial was trying to buy moneygram and they were stopped as well. there was concern there from cfius. it had to do with location, understanding w

at $7dia has been valued billion, alibaba and softbank among its investors.lliam tanuwijaya has been a tale

. >> and that was the issue with alibaba. they couldn't list in hong kong because they had something akin to this and hong kong wouldn't allow that that's prohibited on their exchange. >> and didn't they change those rules? >> in hindsight they did, after alibaba listed here at the stock xayg so it's really about the business and the question is who's going to win this battle over time. >> it's a good finding and we'll see if action is the next step but for now, maybe they can nudge shareholders, nudge the company's founders in that direction. leslie picker, thanks. >>> oil prices, meantime, hitting their highest levels in four months earlier today. the sector the second best performer this year and some names like chesapeake, hess and devon energy are up more than 35%. here to drill down on the strong year is mike kelly, seaport's global securities partner and head of energy exploration and production research. mike, welcome. >> hey, kelly. thanks for having me. >> this is a pretty big rally. the latest headlines talk a litt

. >> weiss, from andrew in orange county on alibaba, china trade deal, do you see them getting back toime high and beyond. >> yes, but not because that's going to have so much to do with it nci quadrupled their exposure to china so there is a big appetite very few little width names which alibaba is one while that trades in the u.s. it's still going to impact the scarcity of stocks there that's one reason, the other is they went through a period of slowness and now they're picking up again jack is out of there but believe his co-founder engaged it's a great proxy for china if you want to play for no other reason than that. >> jon, for mark in cincinnati, adobe, what do you do before the earn jgz. >> hold it somebody on december 24th, scott, bought a whole bunch of upside calls at the 215 strike with the stock trading 208 it's 60 points higher right now. they haven't sold. i'd stick with it. >> well, you all know we're all about trading on this show which is why last night's blockbuster move by the giants to send their star receiver odell beckham deserves debate on the program mike fran

certainly china itself, like alibaba is probably a pretty interesting stock. liz: alibaba.im, your fund is up 20% year to date. congratulations on that. we have such a huge platter of breaking news so we want to end this here. we thank you very much, steve and jim. we will have you back. >>> 28 minutes before the closing bell rings. college scam mastermind rick singer held the so-called key to elite universities for the kids of the rich and famous for quite the price. now at the center of the scandal that's gripped the nation. up next, his dirty dealings with some of the top business leaders in america who are now caught up in a web of lies and give a black eye to some of higher education's most famous names and america's businesses. that's next on "countdown." listen to this. >> the fbi was tipped off by the essay question on this year's application, reflect on an accomplishment that sparked personal growth and/or list your parents' credit card number. >> wow! each day our planet awakens with signs of opportunity. but with opportunity comes risk. and to manage this risk, t

you've got alibaba, tencent, you've got baidu. really big, technology oriented people who if they wanted to, perhaps could do something. the fact is, though, it's a lot harder than you think. we have thousands of people every day who are calling on hotels to make sure we are getting the best prices for our customer and working those relationships. that is not just technology, that is boots on the ground, that's an advantage. jason: i have to ask you -- we were talking right before you came on air. you have been on this company for almost two decades. how has the travel business changed? how has running essentially a travel services business changed during that time period? glenn: i was thinking about how much things have changed. i remember starting off on aol dial-up, trying to connect and trying to buy something -- oh my gosh. carol: i remember travel agents, not to date myself or anything. glenn: well, there are travel agents, right? less so, but now, when you can use your phone, what a difference, it makes things so easy. so m

not to mention new players, such as alibaba?ink streaming games will enable the better gamer user experience. it will also encourage development of cross-platform games. interestingly, in tencent's current pipeline, they have a title called "fornite" which is a cross-platform game. this actually may also change the gaming landscape and open up opportunities for nongame companies, such as alibaba. alibaba has always had ambitions to enter the gaming space. they have definitely stepped up efforts on the internet in recent years. their advantage for operating cloud gaming would be there strong cloud capabilities. they have been the number one player in china's cloud market for many years. that would open up new opportunities for them. it is a huge private internet company in china. by down started. in the past two years, they have done a lot of work. theyrecently, in february, also launched their many probe -- minigame platform. earlier this year. they may leverage the opportunity to enter into the game market and get a share. huan