hansawford del prete, wigder.d zia daniell how they spun it off without talking to yahoo!ank. that discussion is next. ♪ >> i'm emily chang and this is "bloomberg west." now that alibaba has filed, what's next? how does it measure up when you pitted against other tech giants like apple, google, and facebook? cory johnson is still with me as well as hans tung, crawford del prete on skype from boston and wigder.ell this is basically the paypal of china that he started under alibaba and he decided to spin it off without talking to softbank or yahoo!. it is still not part of them ended dramatically changed the value of the group. >> it may have dramatically added risks to alibaba. that they the way look at the responsibility to shareholders, they are already once removed because it is a chinese company that cannot fundamentally be owned by u.s. investors. add to that, the ceo of the company, possibly the board, we don't know, just decided to take and give it asset to someone else with no recourse to u.s. shareholders. they kind of undid that and now they only pay part of the o