but what do investors need to know about the ecommerce giant? what do people half a world away think about investing billions. >> reporter: to understand why the chinese government wants alibaba around look no further than the village here. it is one of dozens of what are farming communities, transformed thanks to new job opportunities created by the ecommerce giant's shopping site. this man used to sell bread, now he is an entrepreneur generating $8 million of sales for annual camping gear. he took nearby orders from factories in a small room he shared with his brother. >> some people from our village would think how odd, these brothers are always working very late every day. what are they up to? >> reporter: then other villagers asked for his advice. now, they can afford cars and homes by selling goods to china's increasingly wealthy consumers. the chinese government may praise alibaba for helping villagers get rich but international brands criticize it for backing businesses that rip off american labels. >> so does alibaba help counterfeiters

scotland's vote, which could send markets around the world in a spin, and three, alibaba, the chinese ecommerce giant, expected to be the biggest ipo in history, steve liesman, we begin with steve and the federal reserve. >> reporter: it could be a september fed meeting to remember, the central bank is a month away from ending its bond purchases or quantitative easing, there is speculation it could take steps at the next meeting to clear the way to raise interest rates from the current level of zero. all the feds will be on tours, they will wait considerable time from when it ends qe until they raise rates, some guess that could go as soon as next week's policy announcement. many on wall street put the odds at 50/50, if they do go, the speculation is there could be earlier hikes than the market expects. maybe in the spring of 2015 as opposed to the summer. for "nightly business report," i'm steve liesman. >>> a key event next week is the scottish vote for independence. the turnout is likely to be extremely high, perhaps record-breaking. the british pound has suffered on the news that the united

the chinese ecommerce giant soared above $90 in its debut after pricing thursday at $68 a share. the company founded in the apartment of entrepreneur jack ma in 1999 with just a dozen partners now responsible for 80% of china's ecommerce and valued today in the public market in the united states at $240 billion. their business model is described often as a matchup between amazon and ebay but now is a formidable challenge here in the u.s., bigger than ibm and j.p. morgan chase. but ma says he draws inspiration from another u.s. corporation should we hope in the next 50 years the world changes because of that. we want to be bigger than walmart, bigger, it is not just the size, we want to learn and change the business in the last century. we hope 15 years later to say this is a company like microsoft. like ibm, they changed and shaped the world. >> alibaba's platform sold $259 billion in goods last year and the vendors were responsible for 60% of all packages shipped in china. alibaba helped small businesses connect to new customers and in turn buttressing china's middle class, that

it's the largest ecommerce company in the world's largest ecommerce market. >> it could generate half a trillion dollar in sale next year. and as david mckenzie reveals, young shoppers are driving that number higher. >> like most chinese in their 20s, this woman loves to shop online. she brought them all on an online shopping platform. >> can you get anything? >> you can't get weapon. >> with millions of independent vendors, you can get just about anything else. fakes are a big problem, and they recently announced a crackdown. still they are dubious deals. >> if you love shopping it could be a problem. >> everyone loves shopping. >> i hate shopping. >> in china, they're addicted to it. and all along the chain b, they're packing in the profits. most of their business is moving merchandise bought online. >> the biggest challenge is keeping up with growth. >> santa come once a year, while we work every day of the year to get these packages out. >> send them to 66 distribution centers across beijing. they can move more than a million packages to the capital. >> to go from factory to front

the chinese ecommerce giant alibaba proving to be a human hit on the corner of wall and broad.ging more than 30% at the open and pretty much never looking back. giving alibaba a mark value north of 21 billion bucks and leaving amazon in the dust. to fox business network's joelly on the new york stock exchange. joeline? >> all happened right here. you can see the stock ended after the closing bell up 38%. compare that to other ipos today, average company does 14%. so business is very good. i had an interview with jack ma, the executive chairman and the cofounder of alibaba, the ecommerce giant, and i asked him, there's a lot of risk factors, a company influenced by the government, very strange corporate structure. why should the american investor be worried north worried. here's what he said. >> i think the concerning i understand. when you read so many newspaper reporter about what happening in china, definitely. but if you really walk there, you stay there, live there, and finding out that's not things too bad. >> neil, we're looking at the long-term prospect of the stock. jac

that's because alibaba is china's largest ecommerce company. china is the largest ecommerce market.te the online business will generate $540 billion in sales next year. the man behind the company is just as impressive. we heard from a former executive who worked with ma back in 2000 when alibaba had just moved its headquarters out of a small apartment. >> he's someone who saw the future sort of predicted it and then built the company with a really long-term vision. more importantly than having the dream, he just could really see how he could grow ecommerce in china, and in a way build the economic institutions that the governments and the other institutions that failed to build, and so if you think of steve jobs created the operating system for the computer and the smart phone, jack ma created the operating system for commerce in china. >> alibaba stock priced at $68 a share, which is at the high end of expectations, but right now, still not trading yet on the new york stock exchange. indications are now that it will open somewhere between 92 and $93 a share, up almost $10 a share f

there's just one more day to go before china's ecommerce company alibaba goes bubble.they are poised to become the biggest ipo the world has ever seen. but a top fund manager is warning investors to think long and hard before putting down their money. andrew stevens joins us now from hong kong. explain to us, why should people be so cautious. what's the background to this? >> the fund manager you refer to is mike mobius, an emerging markets expert. and he's always been very, very strong about shareholder rights. and this is his don certain with alibaba, that shareholders don't have enough protection, don't have enough rights. there are two specific issues that he's been looking at. one is the way the management works. basically there's a work of 27 founders, including the biggest player in alibaba that control so many aspects of alibaba including the direction of the company. they have that exclusive right to do that. and mike mobius says that minority shareholders will just have to go with the flow. they don't have any say in how alibaba is run, what it's doing right,

there's already been several ecommerce players come to u.s. vip shops and vd.com just going on.o i think you are going to see a continuing stream of the great companies coming o out of china and it's time for silicon valley to take note. >> i'm wondering if you are a -- cart right now big e-commerce up and coming in india, are you watching this and thinking i'm next? >> we are not investors in flip cart. we focus in china and the u.s. but i've got to believe that companies like flip cart and others trying to dominate local markets are looking at this and trying to learn from it. jack did the same looking at what ebay and amazon were doing in the u.s. when he built his business in china and successfully defending those companies from their market. i think you will see the same out of flip cart and other companies. they will learn from the incumbents and figure out how to adapt their models to the local market and try to win. >> all right it's difficult -- i'm not sure how much of this is transferring to the cameras but there is a buzz afoot at post eight. and bob are you there an

the chinese ecommerce soaring above its debut after pricing on thursday at $68 a share.ompany founded in the apartment of jack ma with a dozen partners now responsible for 80% of china's ecommerce. and valued today by the public market in the united states at $240 billion. all obama's business model is described as a match-up between amazon and e-bay but now a formidable challenge to tech companies in the u.s. it is bigger than disney, ibm and jpmorgan chase. but ma said he draws inspiration from another u.s. corporation. >> we hope in the next 50 years the world changes because of that. we want to be bigger than walmart. we want to be bigger -- it's not the fight, we want to learn from walmart. they changed the business. and we hope 15 years later they say, this is the company like microsoft, like ibm, like walmart because they shaped the world. >> alibaba's platform sold 269 billion dollars in goods last year. and its vendors were responsible for 60% of all packages shipped in china. alibaba helps small businesses connect to new customers and in turn help china's middl

ecommerce has to slow. right now, ali baba can be a house of card. oh, please, less than china is on the internet. you have the brick and mortar operations, the national enemies are a fraction of what they are. chosen is dramatically under scored. we have overscored. there is no omni channel there. it's the longest and best of the traded internet companies. the chinese economy is slowing. what a miserable time of bringing this deal. actually, chosen's export is low t. retail economy is, if anything, growing faster. much faster tan the rest of the world. if you go on the site, which no one has done a. few of you have like i have, i have used it. you would know ali baba is an international company. you are basically able access workers to buy or build things anywhere in the world. i just can't hate this deal. i'm sorry. you heard the hundreds of institutions and have been furiously selling other stocks to raise capital so they can buy the one. i hear there are over 100 institutions that want a billion dollars in stock. that was before the road show was

alibaba, the ecommerce company could fetch $70 a share. plus... >> i'm paul beban, live from a scottish bar near times square as home watch an historic vote to determine the future of their nation. i'll have more on their reaction coming up. >> life changing moments >> i had never been bullied, everyone hates me... >> from oscar winning director, alex gibney, a hard hitting look at the real issues facing american teens. the incredible journey continues... on the edge of eighteen only on all jazeera america >>> arson is suspected in the biggest wildfire burning in california. a 35-year-old man charged with starting the king fires in eldar ardo county. it burnt 71,000 acres of forest and is threatening 12,000 homes. strong winds and california's drought conditions fuelled the flames. the governor declared a state of emergency for parts of the state. meteorologist kevin corriveau is here with more on it. >> before we go to the fire. the fears are 65% or more contained. that is good news for the other fires. this is the king fire. i want to go

. >> everyone really likes the fact that they have 80% market share of ecommerce in china.alibaba, but what is the threat that social media companies try to take a part of ecommerce in general. >> i think we have been watching that for some time. we have seen the gdp tie-up, but that has yet to make a debt in the revenues. should that happen in the coming years and should the market slow down, that's a risk for the evaluation. in three years from now, we need to find new growth for the companies, whether it is marketplaces elsewhere in asia or other parts of the world or in other part of the businesses from this company growing up, that remains to be seen. >> raul, co-cio at global investments. head to cnbc.com to find out the latest on alibaba. do you think alibaba is a good buy? will it be a stock to add to your portfolio if you can get your hands on it? obviously, it's a very popular ipo. if you want to join the conversation on "worldwide exchange," get in touch with us by e-mail, via twitter . >>> coming up on the show, don't tell us what to do. that's the fine message

. >>> we're still three days away from the initial stock offering of the chinese ecommerce giant, aliba alibaba, the company will open its first ever lobbying office in washington, hopes to work closely with u.s. trade officials on intellectual property and trade secrets rules. alibaba hired jim wilkins as the head of the strategic communications. he will work out of the san francisco office. >>> also in washington today, a congressional report is blasting federal safety regulators in the gm ignition switch fiasco. one spokesperson said that the national highway safety administration played a signal role in gm's failure to recall the millions of defective cars in a timely manner, they say that regulators failed to identify the ignition switch problems and should have acted more quickly. >>> coming up, rewrite the future of the classroom, the second part of our education series is coming up next. >>> a federal watch dog group is suing corinthian colleges for alleged profit lending, they are accused of luring students to take out pricey private loans by touting bonus job prospects and usi

several factors played a role including cost-cutting programs and ecommerce shipments. the strong point is a good sign for the economy, and they are considered strong competitors for bellweathers of growth. as they announced a 5% rate hike for all of north america's operations, beginning right behind the holiday season. on january 5th, the same day new dimensional rates took effect. >> fedex is taking a leadership position from pricing standpoint. typically they don't increase their ground rates before ups, but this year they moved it up. frankly they're becoming a bit more of a leader in that respect because they didn't have the service problems that ups had last year. >> fedex says the amounts of appropriate given the economy. the number of shipments is growing and capacity remains tight. but before the prices kick in, fedex has something else to focus on first, the holidays. peak-seaso expects to s shipping volumes and is hiring more than 50,000 temporary workers to do so more than double last year, although still far less than the 95,000 workers being brought on the

. >>> chinese ecommerce company alibaba is more valuable than amazon, ebay and facebook after making its debut. the price of shares soared 40% on the first say of trading. >> reporter: as the opening bell rang out across the stock exchange floor, alibaba set a new record, topping facebook and ebay. the online marketplace made more than 2 billion in profits. they ceased the opportunity to cash in on the growing middle class. >> china is an economic power, and have 80% of the market share. who wouldn't want to be involved in a market like that. >> i'm the founder. >> jack marr, the c.e.o., and other founders worked out of his apartment. today alibi backa employs 24,000 at its hours in south-eastern china, connecting 10 million small and medium-sized businesses to chinese and global customers. >> investors are eager to get in on the technology boom. not only is the chinese middle class growing, so is the number of people connected to the internet. experts say dollar risks in investing. china has different financial r regulations and security laws. instalments see the economy growing. >>

. >>> and investors lining up for the ecommerce giant alibaba, just two days after the deal was announced and just a day into the road show by the company executives to sign up investors all over the world, alibaba has already received enough orders to cover the entire $22 billion stock offering. it is expected to be the biggest ipo ever. >>> and coming up, trouble in toyland, what some retailers are doing in early september to make sure they are rewarded in december during the holiday season. >>> detroit's federal bankruptcy trial is on hold at least until monday after city officials reached a major deal with one of its top creditors, holdout bond street holder sincora is holding its opposition, the so-called grand bargain that softens pension cuts to retirees and preserves the artwork by the way at the detroit institute of art. they called the proposal unworkable. >>> another tough blow for the garden state, ratings cut new jersey's credit rating another notch, the state's eighth consecutive downgrading in regard to the pension funds. that makes new jersey the second lowest rated state

the chinese ecommerce company began trading under the symbol baba. shares starting price was $68 which makes the company's value $168 billion. topping ebay and amazon. taking a look at the big board now, you can see the dow is up about 49 points. >>> and voters in scotland have turned down a proposal for independence? >> the referendum would have ended the country's 30 7-year partnership with the united kingdom but the "no" vote was about 55% bringing an end to a two-year campaign there. even so the british prime minister david cameron says he will follow through with promises to transfor more political power to scotland. >>> and the vote in scotland is a top trending story now. also trending iphone 6 and the first people to get their hands on the device. alibaba, ipo now trading above 90 bucks a share. and finally, talk like a pirate day. if you head into krispy kreme donut shop and talk or dress like a pirate, arrrr! you get one free, a donut. follow us at twitter at #cbssf. >> where's your eye patch, frank? >> i know. >> "where's roberta?" that's

it's something that's been a best practice in ecommerce for a long time. >> let's go to the audience and questions. let me invite anybody from the audience to be the brave first person to go to the microphone. let's see what happens. there's a hand up. while she's making her way to the microphone -- you will get there first. take the first question. when you come around, we will let you be number two. >> hello. a little short. my name is brittany. i'm in the graduate school of political management. zac, you were in our summer class. my question is, someone who is young and interested in doing what you do, i'm always being told that you are young, you should be on hill. that's great and i love my experience. wanting to do what you do and especially wanting to do it in the 2016 campaign in some capaci capacity, do you still recommend doing the hill or trying to get in the private sector in. >> did you ever work on the hill? >> i would never work on the hill if i were you. >> i appreciate that. >> i never worked on the hill. >> if you want to do campaigns, that's the problem is sometime

. >>> chinese ecommerce powerhouse ali baba -- ali baba was estimated at $250 billion.y own many companies. the ceo hopes ali baba will be >>gger thanwal-mart. > the mays runner dominated the box office this weekend. this is amazing. the young adult adaptation opened with $32.5 million. >>> look we have all seen sports arena proposals and we all know they can go south very fast. yesterday seahawks overtime win against sean showed proposed to his girlfriend on the field with the use of the stadium replay monitors. thankfully, she said yes. >>> here's a look at your first alert 7-day photograph. we are going to keep it dry until at least wednesday night. today beautiful sunshine, low humidity. going to make the high of 74 feel a little bit cooler. >>> checking out the ride for you, outer loop of the beltway was you head west past new hampshire avenue, volume only. those delays take you southbound i-95 northbound delays into laurel. southbound getting into greenbelt, delays on 50 and the parkway. these delays continue past eastern avenue. on you 295 heading in is heavy too

. >> ecommerce for apparel is super explosive.eople are going out there and shopping on>2n3 the e devices. m- tailor mans to go to pants and then in women's wear. >> people want the clothes that fit right and don't have the money to go to a q,fñstailor. now 50 time in history. regular people can get custom clothes, quickly% and affordab. back to you. nwow. makes me feel like my suit is not fitting so well. >> thank you. >> you two don't need it. you look great. >> and this is exciting news to we are talking about cancer and there are cancer drugs. and we'll tell you why they are so expensive and be careful wh where you step. we'll have the latest on the deadly albinno cob authority ra. yeah, it is real and on the loose in one neighborhood. be careful. you know what else i can do on my phone? place trades, get free real time quotes and teleport myself to aruba. i wish. sweenjoy it all...ry! 'cause red lobster's one and only endless shrimp is now! endless choices! endless variety! kick it up with our spicy new wood-grilled srirach

the china ecommerce show is coming up. and you missed the bears to come back to beat the 49ers. nobody predicted that. you woke up to a much different ending with the bears scoring three touchdowns in the fourth quarter. the weekend in the nfl and the sports world, coming up on "squawk box." e financial noise financial noise financial noise financial noise >>> welcome back to "squawk box." alibaba is on its way to become the biggest offering in history. susan li is here to discuss this morning. good morning. >> good morning. this is a water away from their main market in china. and 500-plus investors clambering into the ritz-carlton hotel for the main event, five minutes of closing remarks. and he was speaking to an investor community, also a broken community that feels sour this ipo didn't land here in the hong kong market because they felt that they deserved it. they know the market better and they listed their b2b sites. because of restrictions it didn't land in hong kong, so jack had to turn on the charm saying they still love hong kong and will continue to invest in the cit

they have 80% of the ecommerce market and china, the rate of consumption is 35% and the u.s. is at 67%. the idea is that it can grow, as the regular consumption will increase and imports go down, i have a report that shows alibaba. if you buy it in the u.s., you don't know what the sources are or the return policy. this is a globaling gnomic risk. and especially a macro risk in china. >> what about the microrisks on the decline. we are seeing more competition in rapid growth. they are simply over. >> well, the sales from the june water last percent with a lot of us taking our shoes off, you can't continue that forever. i've never been experienced with them because they are making money. we have a human footprint there with the free cash flow coming up, i'm not great 60% of the shareholders are going back, but on the other hand, it's a capitol intense ity. they have such a wide foodprint. >> you know, rumor has it that underwriters will price shares higher than the initial range. how important is a suck they want to price this near 10%. there will be a lot of trading. it will

. >>> shares in the chinese ecommerce company alibaba soared. the company's debut saw the value increase to more than amazon, ebay or facebook >>> as the opening bell rang out across the stock exchange floor, alibaba hit a new record, topping visa and facebook. in the last quarter the online marketplace made more than $2 billion in profit as investors seized the opportunity to cash in on china's middle class. >> china is a big power and has 80% of the markets. >> i'm jack mar, founder and chairman of alibaba group. >> c.e.o. jack marr and others worked out of his apartment. today it employs 24,000 in south-eastern china and connects 10 million small and medium sized customers. they are eager to get in on the technology boom. the middle class is growing, and the numbers of people connected to the internet. there are risks investing in alibaba. china has different reg u lightses -- regulations. analysts see competition growing. >> jack marr set out to be an imperial c.e.o. >> investors don't seem too worried. alibaba is the first technology compan

tonight we've been talking a lot lately and will continue to talk more about alibaba,'s china's ecommercegiant. and it's getting attention as the company begins to publicly trading shares in the united states. it could be the largest ever offering in the country. we're getting to know it's founder jack ma and the fortune he has made. much of that is tied to tao bou. it's like an ebay amazon thing, a smorgasbord. apparently $390 can buy fake or stolen e-mail accounts from one of elit elite universities. how about a bobblehead of tom cruise--check. and whether the odd mix of online shopping items will deliver the hefty return that investors are counting on. i'll keep on top of that story. that's our show for today. i'm ali velshi. thank you for joining us. [music] this is al jazeera america. i'm john siegenthaler in new york. strategy session. the president's big speech. how to degrade and destroy the self declared islamic state and how this is different from wars in iraq and afghanistan. secretary of state john kerry tries to persuade wary allies to join the siege. conflict raging in

that is their us entry into ecommerce. how long before they have one here. >> in the meantime a team left my boeing. reported set to win a contract from nasa to build a space taxi to ferry astronauts to and from the space station. and that brings us to the morn's squawk on the tweet. like uber or lift on earth what should they call the new space taxi service? tweet us and we'll get responses later on in the show. always good having you jon. >> we also want to check on the markets. after a rough day for the nasdaq yesterday. a little more air out of that down about 9 points. s&p down a point. we have the fed with its press conference tomorrow and also the big alibaba ipo later this week. some data giving pause to investors, especially some softening in china and their economy there. so that's been a little bit of a lagging indicator here. also check out shares of humana. rallying after the company announced a $2 billion share buy back. extending through 2016. humana currently the biggest winner. and shares of microsoft rall

>> william blair has downgraded bed bath and beyond to market reform siting market's exposure to ecommerce>> this call is a little late to me. i think the timing you have to really take into account, bed bath and beyond is due to announce erjs today after the close of the market. i this i this is more overall call on the market and it could be a negative overhang on the stock because of the housing. but watch the setup. trading 11 times earnings and historically that is a good time to buy. but i wouldn't jump in front of the earnings. >> and dick's sporting goods. >> i don't understand this note whatsoever. blair is cutting it from an outperformed to a market perform, still as a 51 price target. and says the reason that dicks is going to struggle is they are going to lose market share to amazon and alibaba. i just think it is a ridiculous note. >> all right. cfs industries in norway's. they're up big today. >> and when you look at siemens and merck from earlier, large m and a going on right now. just in the this merger category. but it's interesting to see why this makes some sense. gives

you see the stock of the chinese ecommerce tighten even at the seemingly lofty levels will still be very cheap, not just a revenue clip but on actual earnings growth, making ali baba a better investment than just about every other large capitalization stock out there that these managers hold. so it will be a magnet for huge funds to pick up. that's why they're selling their other stocks to come up with as much ali baba as possible. there is not as much new money to transfer to pay for the darn thing. let's say ali baba will raise money in an ip or, then we tend to thing hedge funds and mutual funds have to raise about $23 billion in order to get the stock on the deal. that's the wrong way to look at it. that's much less than is actually being raised. it's something like ten times that is being raised. here's why. the more people talk about how exciting this deal is, they're really talking, you know that, and how it's worth much more than it's going to be priced, the more the funds and individuals will clamour for the stock. as they do, we begin to hear while the deal might be priced at $

it is as we have discussed china's largest ecommerce company, a private company, although it has been financed by private equity firms that have a lot of china so called princelings on their boards or working for them. they are children. of communist party leaders. they often described as china's ebay, and papal rolled into one. very little that you can't find on the site, you can buy a 2000-ton grain silo for wheat, or a lot of toy rubber ducks. they handle more transactions than amazon and ebay combined. rev are knew for the last quarter, was $2.5 billion. now, the company was founded back in 1999 but jack maw, an unlikely billionaire, he is a fonger english teach who started the company with friends in his apartment, he owned 8.8% stake, and is selling 12.7 million shares. a widest mates on what he is worth personally. forbes list his net worth at $11 billion. but the billionaire index puts it closer to $22 billion. a lot of questions about whether this is the beginning of something. whether china can invite, this is a private company, that has now gone public into the market. it w

. >> reporter: alibaba, the chinese ecommerce giant is seeking up to $20 billion in an ipo, that wouldlargest, just to put it in context the company would be worth $167 billion. that would make it one of the most valuable companies in the world. now, the road show kicks off on mond monday. that is when the company's investors and bankers will meet with the company and try to encourage them to invest on this deal. alibaba is already a behemoth in china, with 200 million active buyers on their site. they have an interest in ali pay, which is a huge investment in china. we'll have to see how the users react to this deal. >> and in the market for a really small, really, really small reasonably priced house in monda london, if you don't have a problem with the bathroom being close to the kitchen, this could be your house. >> this is only 188 square feet, about 17 square meters. located in the fashionable neighborhood here, everything you need in one cozy room. do you like that, john? >> this trendy room will set you back about $146,000. it is a steal considering the average price for a home

tonight we've been talking a lot lately and will continue to talk more about alibaba,'s china's ecommercegiant. and it's getting attention as the company begins to publicly trading shares in the united states. it could be the largest ever offering in the country. we're getting to know it's founder jack ma and the fortune he has made. much of that is tied to t ao bo u. it's like an ebay amazon thing, a smorgasbord. apparently $390 can buy fake or stolen e-mail accounts from one of elite elite universities. how about a bobblehead of tom cruise--check. and whether the odd mix of online shopping items will deliver the hefty return that investors are counting on. i'll keep on top of that story. that's our show for today. i'm ali velshi. thank you for joining us. [music] real reporting that brings you the world. >> this is a pretty dangerous trip. >> security in beirut is tight. >> more reporters. >> they don't have the resources to take the fight to al shabaab. >> more bureaus, more stories. >> this is where the typhoon came ashore. giving you a real global perspective like no other can. >> al

people who should look out is amazon and ebay because they control 10% of ecommerce. they would be players to watch out. it will probably be some time. >> i think when jack mafounded the company 15 years ago he said he didn't see alibaba as competing necessarily with chinese companies. he saw himself competing with silicon valley to your point. >> it is interesting we did a story on this earlier in the week. it is easier for businesses to break into the business to business model than the business to consumer market. to list the storefront it is $25,000. that is a really big chunk of change for a u.s. small company to not have anything guarantees in return. >> i am probably the only person in this building that went to the launch part in new york more than a decade ago. i met jack ma. i haven't heard about the company since. not being coy, does this matter for u.s. small businesses? it is a big deal for the stock market perspective. i heard about it when they filed. >> there is a ton of buzz in interest. they did launch 11 main, a site for u.s. boutiques and customers

tonight we've been talking a lot lately and will continue to talk more about alibaba,'s china's ecommercegiant. and it's getting attention as the company begins to publicly trading shares in the united states. it could be the largest ever offering in the country. we're getting to know it's founder jack ma and the fortune he has made. much of that is tied to t ao bo u. it's like an ebay amazon thing, a smorgasbord. apparently $390 can buy fake or stolen e-mail accounts from one of elite elite universities. how about a bobblehead of tom cruise--check. and whether the odd mix of online shopping items will deliver the hefty return that investors are counting on. i'll keep on top of that story. that's our show for today. i'm ali velshi. thank you for joining us. [music] >> >>> we will hunt down terrorists who threaten our country, wherever they were. >>> president obama threatens air strikes in syria as he lays out a plan to strike the islamic state group. >>> hello, i'm darren jordan from the world news in al jazeera. also ahead, new accusations against israel on attacks from u.n. schools use

. >>> let's get breaking news on the big chinese ecommerce. guessing more news about its upcoming ipo, kayla. >> that's right, mandy. as we get closer and closer to this expected ipo, more details are coming together as to exactly what the next couple weeks would look like for the company set to meet with investors in the next couple weeks. that roadshow is going to kick off monday here in new york city with a big group lunch. a lot of investors will be attending. then it will end a couple weeks later on september 18, also here in new york. but those two executive teams are going to split up so they can cover more ground. they are going to cover a lot of ground and i'm told they're going to hong kong, singapore, the middle east, boston, l.a., denver, san francisco, chicago, baltimore and kansas city, which is interesting, but then they will price that ipo on the afternoon of september 18. they'll have their first trade on the 19th. originally there was talk, guys, about pricing and trading the deal earlier in the week because, remember, ali ba