again, our vision alipay. we do so many things in china. again, ourvision is alipay.clusion by technology. the first stuff we are taking in europe is to service and merchants here. it is the best way to educate the market for alipay is really about. it is notjust a payment option, it is a login platform for the merchants. it takes time to educate the market, but we are making efforts. one thing that people who are watching, notjust alipay, but the parent company, they will be wanting to know why the delay over the listing? it has been talked about, much hyped, but it now seems to be pushed back to... we don't know when? it was meant to be the biggest of 2017, wasn't it? well, i wish i knew more details. it is not our priority now. it is to solve customer issues and expand to more markets. it is not our priority. we are making lots of progress in various markets around the world and that is our priority. it is not to do with needing regulatory approval or approval from beijing to take the next step? not that i know of. we will continue to watch with interest. it has be

wechat and alipay completely dominate the chinese market for mobile payment.han 90% of the market. tos is a way for stripe reach consumers that were previously hard to get. they can access the thousands of businesses that transact through stripe. more business for its merchants means more revenue for them since they get revenue by taking a cut of transactions on their platform. emily: stripe has made inroads into china before. what is different now? >> they had a deal with alipay that was more surface level, just for merchants in the u.s. this expense the total market -- this expands the total market and deepens the partnership with alipay and wechat pay as well. they have made other inroads into asia before. they set up a hub in singapore and japan. they have rolled out in hong kong offering their services to local hong kong businesses. this is part of a much broader asia and emerging-market expansion strategy. emily: what does this mean for ant financial as well as tencent which owns wechat? >> this fits into everything they have been doing. they have been d

>> they had a deal with alipay , but that was a more surface level one. u.s. this expands the total market and deepens stripes partnership with alipay and wechat pay as well. they have made other inroads into asia before. they set up a hub in singapore and japan. they have rolled out in hong kong offering their services to local hong kong businesses. this is part of a much broader asia and emerging-market expansion strategy. emily: what does this mean for ant financial as well as tencent which owns wechat? >> this fits into everything they have been doing. they have been doubling down on their north american strategy. ant financial is in the works to acquire moneygram. it is a money transfer firm based in the u.s.. . ant financial also recently inked a deal with first data that allows chinese consumers to access millions of small businesses. they're trying to reach the chinese consumer wherever they go, whether online for foreign merchants or off-line traveling abroad. tencent also has a similar strategy wanting to follow the chinese consumer online and o

closely over the next few years but there's 4 billion people connected to the internet globally, alipayrs and wechat pay has even more so we 5 billion users and wechat pay has even more so we would be surprised if this wasn't a big driver going forward. thanks very much. . the firm is selling more than 90% of its 13 tourism projects to a chinese developer for $19.3 billion. its 13 tourism projects to a chinese developerfor $19.3 billion. earlier i asked an expert why wonder is giving up its challenge to mickey mouse. it's sad to hear but this has been a while coming, looking at how they have performed over the last 12 months, their real estate holdings haven't done well, they've seen a drop in revenue. at the same time they have gone without a massive expansion spree overseas and they are carrying debt on their balance sheets and this will be a way for them... why have they accumulated so much debt? they have been opportunistic as a company, they have seen deals they thought were good for their brand image and future revenues, but to do that they have had to borrow a bit of money from m

it gets shoppers to use their alipay in the real world. that is very valuable.: stephen engle reporting from china. a new hire for softbank. michael rodan is leaving the firm to join the $100 billion fund. he has worked on many large tech deals in recent years, including the push for control of sprint. he has been involved in putting together vision fund earlier in the year. coming up, amazon calls prime day record-breaking. we will show you the history around the 30 hour shopping event next. all episodes of "bloomberg technology" are streaming on twitter. check us out weekdays at 5:00 in new york. this is bloomberg. ♪ ♪ emily: welcome back to the best of bloomberg technology. i am emily chang. amazon's third annual prime day was its biggest global shopping event, surpassing sales on black friday and cyber monday. the event grew by more than 60% over the last year, generating about $1 billion in revenue. the 30-hour event saw more new members joining prime than any other day. we took a look at the history of prime day, and how amazon took a page from alibaba's h

something new people haven't experienced, but i would guess that 99% of people in this room who have used alipayrobably feel like it has really made their lives easier and made it more convenient. i think the way we live today versus three to five years ago is evolving rapidly in china, mostly for the better. of course there are risks associated, but from that inclusive growth speech, he made it clear that china needs to be more open-minded on innovation and to accept that there will be risks and consequences that come with it, and react to it afterwards, rather than to not nurture the innovation in the first place. i think regulators have to act that way across the board. and i think innovation is definitely going to be a huge force, making our lives better, and hopefully we can contain the risks appropriately. much moreow innovative does the japanese financial system need to be? when i lived there in the mid-90's, no offense, but everyone called it byzantine banking. atm's closed at 3:00 p.m. >> of course, the situation is now better. fintech has similar aspect. one is a chicken and egg. innov

out of china, sprite struck a eechatith alipay and w 11 to receive the massive chinese apps.ve about half a billion users and dominate the payment space in china, breaking up about 90% of market share. -- making up about 90% of market share. our interview with dick costolo. he weighs in on how silicon valley will fight back against -- culture. e sports draws major investors. we will hear from kraft. this is bloomberg. ♪ ♪ emily: back to my interview with dick costolo. we discussed tech's ongoing gender problem amongst a string of sexual harassment allegations in the rising criticism of growth culture in silicon valley. dick: i do get is probably understated and underrepoted. is probably way worse than we have seen so far. i think that again, to be blunt about it, in a lot of cases the investors in some of these venture firms are simply ignoring it and paying lip service, but ignoring it and funding enterprises anyway. it is widely understood some of these issues were things that had been said in the background and yet new funds were raised and on and on and on. i think until