but this new deal for alipay puts it in the same league as applepay.he app to shop at 4 million merchants in the us. that is quite significant. the chinese billionaire that owns alipay has declared his intention is to expand his business empire globally. he is looking at the us, the world's biggest consumer market. in china, alipay already dominates the mobile payment landscape, together with rival they account for most of the market. if the foray into the us is successful, they can expand into other countries where they don't have a presence. it's a smart move, we are seeing increasing numbers of chinese travelling each year and they will be able to use alipay to book cabs, hotels and so forth. interesting, we will keep an eye on that. lets see how markets fared. japan down by 0.25%. a mixed picture in asia. most markets down slightly because the previous day was such a strong start to the week. 0ver because the previous day was such a strong start to the week. over 2% gain on monday. a bit of a sell—off. sony is one of the big winners. let's look at

in china, alipay dominates the chinese mobile payments.e is they can then expanded to other countries where they don't have a presence. —— if the move into the us is acceptable. they will be able to use it to hail cabs, but hotels. the retail sector in the us needs all the help we can get. under severe pressure. i want to play you report on the issue. new york city, known for broadway shows, great restau ra nts, for broadway shows, great restaurants, and shopping. oh, the shopping. there is a seismic shift happening in american retail. even evident right here in the big apple. the red on the map shows the vacant storefronts in new york city. when they close they take jobs with them. new york city clothing stores have been shedding jobs for the last three years. overall, the us economy has lost more than 90,000 retail jobs since october, 2016. there was too much square footage filter. too much space, too much. then we have the onset, 20 years ago of the internet. a story repeating right across the us. this is what is left of the hudson vall

alipay want to leverage that to millions of chinese travelers abroad.etty: struggling dairy company has written a demand for a a loan.ent of they are seeking $50 million that was due on april 28 plus more than $900,000 in interest. it has been frozen in hong kong since plunging on march the fourth. they may not return to trade without official approval. yvonne: marriott shares rising after the world's biggest hotel operator reported strong first-quarter results. growth inredicting 2% the north american revenue for the second quarter. between 2% and 4% and the rest of the world. strong demand in china and the asia-pacific as a whole is behind faster than expected growth predictions. let us go back to wall street now. the u.s. stocks ended virtually unchanged, near all-time highs. the vix hitting a 24 year low. joining us on set is su keenan with the latest. the fix up 10 right now -- the vix up 10 right now. su: we did have the s&p hit a record, which has been part of a running series we had. we going to the close and you will see it is relatively flat.

customers will be able to use alipay at about four million businesses — the deal is chiefly aimed atd they are two of the big sixment their share price was down. centrica was down almost 4% and sse we re centrica was down almost 4% and sse were down almost 3%, they have recovered, but taken a hefty hit. the ftse is up. it has been pushed up the ftse is up. it has been pushed up by the ftse is up. it has been pushed up by mining stocks today. that's it from me, buti up by mining stocks today. that's it from me, but i will be back with a round—up of the markets news in an hour. some details coming through about some sort of incident which it appears is on—going at drayton manor theme park this. is in staffordshire. drayton manor theme park, we are hearing, well, west midlands ambulance service are describing this as reports of a patient in the water. so via the ambulance service, we're hearing about someone in the water on a ride called the splash canyon. the ambulance service was called at about 2.15pm. let's show you their twitter page because they're saying that splash canyon has be

is struggling in china, while union pay, alipay, and tencent financial expand abroad.utlook at its investor relations day, and you are , how he has been able to turn around sony's consumer electronics, and how dominant they have been in the five years since he has taken over. is this restructuring of sony complaint? the senior technology analyst at macquarie capital securities, would you say that he has done his job, and if so, what is next? he has done a phenomenal job in restoring luster to japan's last remaining consumer electronics company. turning profits after 11 years of losses was a major achievement. they will continue to invest in strengthen the brand, products, and invest in new growth areas. we are looking for dissing what does growth areas are in the time to come. on lettingfocus is investors and consumers more importantly no that sony is about excellent's, that the brand represents this arbiter of excellent in terms of product and services. decade or the last the last 15 years, there has been consistent pressure to cut costs, and to their credit, they bas