one of the key questions is is is a china story or is it a global story esther mark right now, alibaba is sending mixed messages. i think jack mott in particular in particular has global ambitions, but that's a more difficult question. intentionsalk about to expand aggressively in the united states and in europe will stop how do we see that laying out? it seems to be making strategic investments in u.s. companies, buying companies here and there. >> he mentioned these lowball ambitions that he wants to expand internationally but one thing he left out is what kind of timeline are you looking at for this global expansion? he talked about india as a possibility, but they never got a sense to when and how they would penetrate those regions. this is something investors are looking at saying how do we model future global ambition? potential diversified revenue coming from other areas of the world without a sense of timeline. years for alin 15 baba to get to this way. >> in some respects, it's taken all the time for ali baba to reach this point but it is important to room for ali baba actuall

compared to ali baba's chinese competitors, isn't he going for a lower price to earnings ratio esther mark why not push it higher? is he scared? >> i don't think he's afraid of anything. certainly he learns from mistakes but if you go back and look at the alibaba.com ipo, there was an issue where it ended up trading down from where it was introduced. i think he wants to leave some money on the table but if you look at the current price range, you are talking about videos that are self of operators like baidu. as you look ahead, alibaba plus video regardless of what happens in the early days will be judged a success if the chinese economy continues on its tear. the price we are talking about right now might look in retrospect pretty cheap. >> it's nice to have a nice pop and see the stock 11, but at the same time, any concern from the company -- is there concern behind the scenes about leaving too much money on the table? >> that is the big concern. yahoo! is a big concern and they are selling as touches 800 le and dollars worth of stocks, so it is really yahoo! we are looking at. as we kno