>> it has been good working with alipay.have focused on the product therience because i think experience really changes on a mobile device when you have less screen space. we made it so the transaction happens on the website or in the merchant app. you are never taken out of that experience. john collison, thank you very much. taking the health care deal. details next on "bloomberg west ." ♪ where stocks are trading right now. the s&p is paring some of its losses. as nineown as much points. now only off by about four. you had jim fuller saying interest rates may rise. although he is not a voting member. lumpy data down in consumer spending. inflation was down 1/10 of one percent keeping a lid on the markets. a couple of stocks to highlights, the first is alcoa trading at a 52-week high. it is a limiting producer which agreed to by aerospace in a cash ander stock deal. and we are watching mccormick, the spice maker reporting a jump in second-quarter profits but it did this sales estimates. it really has been reaping the benef

alipay is hundreds of millions of consumer accounts in china.make it easy for websites and mobile apps to accept payments. over the past 10 years, there is the emergence of companies like go pro,subscription services like dropbox. all need specialized payment needs and that is what stripe handles. credit cards are pretty dominant. >> i said that alipay is the dominant payment method in china. it is not, paying with cash is the biggest way. >> if you are a western market and you want to grow internationally, credit cards will only get you so far. this is allowing western markets to grow internationally. this is where merchants cannot only address the so credit cardholders but also the alipay account holders. but there are notions about the business to business deals. but, is that a sustainable part of the business? >> the big thing for us is the consumer business. you have the rising middle class in china. all of these consumers are mostly buying from chinese websites and there is demand their for western products. if you look at something like g

this is where merchants cannot only address the alien or so credit cardholders but also the alipay accountolders. but there are notions about the business to business deals. sustainable part of the business? click the big thing for us is the consumer business. you have the rising middle class in china. consumers are mostly buying from chinese websites and there is demand their for western products. if you look at something like gopro, they definitely want to sell into china but up till now, for any kind of u.s. merchant, that has been pretty hard. >> was a difficult doing this deal? leslie spent the last few months working on it. one of the things we focused on is the product experience. -- we spent the last few months working on it. the experience changes on a mobile device. one of the things was make it so that the whole transaction happens on the website or in the p.rchants ap you are never taken out of that experience. i thank you for your time. salesforce and philips partnering up to take a health care deal. details next on "bloomberg west." >> and overall down day for the markets. th