jack ma weighing in on the help of china's economy.u like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app and in the u.s. on serious xm. "best of bloomberg west" continues after the break. ♪ emily: welcome back to "best of bloomberg west." i am emily chang. turning to alibaba, jack ma says he believes the chinese growth story will continue for the next 20 years. aligning his use in the south china morning post, now owned by alibaba. he says the rapid growth in china's economy in consumer culture could help temporary difficulties. how much of the slowdown is indeed temporary? how is it affecting the funding environment. i spoke to one of the most successful tech investors in china, hans tung. do you think the chinese economy will remain enviable for two decades? or will the slowdown have a pronounced impact? >> i think we are facing the reality that we are in a new normal attrition. growth rate has gone down from 10% a decade ago to around 6%. improve ift needs to consumption on internet and other th

coming up, jack ma weighing in on the health of china's economy. does his outlook compared to the current funding environment? if you like bloomberg news, check us out on the radio. you can listen on the bloomberg radio app and in the u.s. on sirius xm. "best of bloomberg west" continues after the break. ♪ emily: welcome back to "best of bloomberg west." i am emily chang. turning now to china, alibaba founder jack ma says he believes the chinese growth story will continue for the next 20 years. aligning his use in the south china morning post, now owned by alibaba. he says the rapid growth in the country passed internet economy and consumer culture could help the country through temporary difficulties, but how much of the slowdown is indeed temporary? how is it affecting the funding environment? i spoke to one of the most successful tech investors in china and here, gigi b managing partner hans tung. do you think the chinese economy will remain enviable for two decades? or is this slowdown that we have seen going to have more of a pronounced impact

emily: are you disagreeing with jack ma? >> i am cautiously optimistic. do you make of the fact he is doing an interview in a newspaper he owns? >> interesting. they have been a harsh critic of what is going on in china. now, you have a balanced perspective. you have a more pro-china perspective. overall, it is good to have both. emily: what are you telling private market companies in china about the environment? what internet has been doing in china, the changes it has been brought. most of our investments are internet related. some continue to grow and serve customers well. take advantage of technologies and efficiencies. we are happy with our portfolio. emily: are you talking about unit economics? >> of course we have to. our investment is based on sectors. we have metrics we track for our portfolio. we benchmarked them compared to everyone else. we look at how well companies are doing. over a 12 to 24 month period, and give them advice accordingly. most of it has been healthy unit economics. emily: there has been volatility in the public markets here.

an inside look at jack ma's journey.an clark, founder and chairman of bda china and the author of this book, alibaba, the house that jack ma built. good morning to you. >> good morning, andrew. >> what's the most misunderstood thing about jack ma and alibaba. we talk about the company's size and scale but it's almost for us in the united states either too big to comprehend or i don't think we have a full appreciation of what's going on. >> to coin a phrase it's too big to nail because it is so huge in terms of everybody's daily life. chinese consumers have experienced consumption, many of them, through alibaba. off-line retail in china is pretty bad. first it was state-run stores which were poor and then it was property developers were trying to put up louie viton's. now they can buy things from their home. it's the clean axe of commerce. >> he's compared in the book to steve jobs. is he a visionary genius or some would say he just copied a lot of things taking place in silicon valley. >> he clearly has the charisma. but

jack ma seems to not want any part of it. he didn't have a nice things to say about yahoo!n ice folks to him a few months ago. david kirkpatrick, thank you so much for stopping by. i know we will be asking you every day what is going on and you will keep us posted. thanks guys. coming up, we had to the bloomberg businessweek design conference where we will catch up with a 26 rolled hacker taking on tesla and google. tomorrow, i sit down with a gender a silicon valley investor peter thiel. don't miss that interview. more "bloomberg west" up next. ♪ emily: researchers have identified an unusual stage of ran somewhere. a report says the virus plates computers server vulnerabilities without requiring human interaction. hackers target acca files and records and encrypt them in order to make them unreadable characters. to regain access, users often have to aa ransom in bitcoin. the bloomberg businessweek design conference is underway for top design and business leaders are convening. cory johnson joins us live from the conference with a very interesting guest. it's someone i want

the owner of china's most popular payment system controlled by jack ma is planning an initial publicing in shanghai. according to sources and financials. the company be -- behind alley pay. alibaba's financial affiliate valued at $60 billion. that is your bloomberg business flash. let us return to one of our favorite subjects, house prices climbing to a record in april. the average asking price rose 1.3%. 7.3% higher than a year earlier. anna: increase comes as many investors rushed to complete transactions. the commercial director at right ways joins us now. this book we have seen upwards in house prices. how sustainable is it? will it dragged demand forward? there has been a chain reaction. many thought it would be landlords selling to landlords because of the interest tax relief change is coming. it appears to be a lot of first-time sellers selling to to beat the tax hike. a chain reaction. those people have traded up. it degree of sustainability because it started chains moving earlier. there is demand for housing. and overall lack of supply and interest rates are cheap. the kick

. >>> alibaba chairman jack ma sitting down with the south china post before taking over the paper andhat china's growth is going to remain quote enviable for other economies for another 15 to 20 years ark and he said it is unrealistic to expect double-digit growth indefinitely, and he said no reason to expect in an e kconom of such size can continue to grow at such speed. he said that china is like a oceanliner, and to make a turn, you have to slow down to do it. and alibaba shares are up today after those comments. >> and yes, on the worries that the central banks have reached a point to where they don't have to accommodate as much. it is always good to get ma's point of view though. >> yes, it is. >> and we mentioned the tech earnings are on the way, and what are you most interested in, qualcomm or alphabet? >> qualcomm, because it is going the answer the questions of the end user devices, and qualcomm with chinese licensing, but they are answering those issue, and what that signals about in demand, and then of course, you have to look forward to the microsoft as well, and how much

cory: i'm curious about your early days with jack ma. his character and the outrageous things he does and the way people follow him. i wonder if you saw signs of that. how much of an act is that or is it intentional? l: is that really who he is? >> i have been toying with this and i decided to write a whole chapter on this and i call it jack magic. what is it about this guy? impossible of the and an element of whimsy, doing things in a fun way. cory: but the costumes alone -- the whigs make him taller. what's behind his thinking and doing something like that? if a ceo did that, you would think what's wrong with them. >> you might call security. jack came from nothing. he was born in a great location but other than that, he did not have much going for him. jeff bezos went to princeton. jack was not good at math. he has had to hustle his way.+ he has that irish style gift of gab and the incredible work ethic and entrepreneurial spirit what about his relationship with the chinese government? answer he gives is fall in love with the governme

pero tambin hay quienes dicen indocumentadosos con padres indocumentados genera mas problemas. s/jackra que aúmás de presidente ama". pero el gobierno dijo, por medio de un comunicoque los ponen manos de sus familiares para "asegurar su seguridad y bienestar" y que esas personas "deben someterse a un proceso extenso de evaluacin" s/randy serrano, @randytelemundo independiente de su estatus aceptan tener custodia de un menor indocumentado tienen que demostrar quel bnestar delniño existe un plan b en caso de que el adulto sea deportado. topvo cesar --- congresistas y abogados qua revelan detalles de los argumentos que los jueces escuca corte suprema... -- algunos afirman que los magistrados sonia sotomayor y stepehen breyer fueron quienes estuvieron a favor... --- tambien se comenta que los abogados de texas no fueron contundentes en su defensa...... --- mas adelante tendremos a "rlen fernandez" quien nos dar mayores detalles.. vo cesar --estudiantes de la universidad de davis afirn que ese cen de estudios contrat personal especializado en informatica que pueda borrar del ciberespacio l

jack torres, who is also the ma hallway. because of hughes, he was brought back to life and was around to welcome his first grandson in january. >> to me i'm thankful this individual has -- can continue with his life. >> reporter: in addition to mayor torres, officer hughes saved a homeless man in lafayette park and a gentleman in leesburg who suddenly collapsed. first responders say the patients would have likely died without her help, but if you tell her she's a hero, she'll quickly remind you that she was just doing her job. >> i care about people so i like helping people. so if i see something isn't right i'm going to go and assist to see if everything is okay or if something is wrong. that way they can live to see another day as well. >> reporter: reporting in northwest, meagan fitzgerald, news4. >>> i'm consumer reporter susan hogan live in the newsroom. volkswagen is back in the news today. it's recalling 91,000 passat cars with diesel engines. the problem? can corrode, overheat, and potentially start fires. the recal

mÁs detalles, no se lo pierda el prÓximo lunes. buen fin de semana. que descanse, volvemos. en su legendaria búsqueda, jackash brown breakfast burrito. ven antes de que desaparezca. ♪ marÍa leticia: los embarazos mÚltiples cada vez son menos comunes, segÚn cifras entre 1998 y 2014 las incidencias de embarazos de trillizos disminuyÓ 41%, antes los doctores le implantaban tres gomas embriones a una mujer pero con la nueva tecnologÍa solo se implanta uno. leÓn: nuestros compaÑeros inauguraron un nuevo centro. el objetivo es que esto sea centro de enseÑanza para que voluntarios trabajen con niÑos, habrÁ cinco centros de comunicaciÓn en todo el paÍs estarÁn en austin, chicago, miami y oakland. para leticia: un aplauso. enseguida volvemos y le presentamos el cambio radical de la seÑora sara piÑa. leÓn: hoy marÍa leticia gÓmez se fue a san josÉ a rescatar a una mamÁ que se llama sara piÑa, cuyo hijo es omar quien nos escribiÓ una carta diciendo que su mamÁ trabaja limpiando oficinas. marÍa leticia: omar nos dijo que su mamÁ rara vez tiene tiempo para sÍ misma y nos pidiÓ que regalemos cambio de imagen. >> cuando

mÁs importante del dÍa. bÁrbaro: han sido siempre inseparables pero no todo es color de rosa, la hija de jack guerridodecide e pero me fascinas ♪ ♪ me gustas demasiado, no puedo evitarlo, dentro del corazÓn te llevo todo el dÍa ♪ ♪ a dÓnde se ha que voy y te siento aquÍ a mi lado ♪ ♪ bastÓ con recorrer las curvas de tus labios ♪ ♪ y arder una pasiÓn mÁs de 40, para dar que te volvieras mÁs indispensable ♪ ♪ porque te necesito mÁs que al mismo aire ♪ ♪ eres mÁs que perfecta en todos los sentidos ♪ ♪ despuÉs de estar contigo ahora me siento vivo ♪ ♪ y es muy seguro que somos almas gemelas ♪ ♪ si me dices que sÍ, sÉ que valdrÁ la pena ♪ ♪ porque sabes que te adoro ♪ y estoy dispuesto a todo ♪ tenemos nuestra historia uno broche de oro ♪ ♪ ♪ >> y te mereces algo muy especial. es la tracaloza de monterrey. ♪ ♪ ♪ no sÉ lo que me hiciste pero me fascinas ♪ ♪ me gustas demasiado no puedo evitarlo ♪ ♪ dentro del corazÓn te llevo todo el dÍa a ♪ ♪ a donde sea que voy y te siento aquÍ a mi lado ♪ ♪ bastÓ con recorrer las curvas de tus labios, que al ver con la pasiÓn mÁs de 40 grados ♪ ♪ para que te volvieras mÁs que i

mínimas de 56-la temperatura actual es 5 sensacion termica de 56- mas en una hora, mientras tanto pasela bien... en su legendaria búsqueda, jackriple cheese and hash brown breakfast burrito. ven antes de que desaparezca. ♪ ♪ satcha: la victoria estÁ a la vista, con esas palabras hillary clinton celebrÓ su triunfo en nueva york, del lado republicano donald trump barriÓ al resto de los aspirantes y sugiriÓ que su principal contrincante, el senador ted cruz ya no tiene posibilidades matemÁticas, la pregunta que muchos se hace es quÉ impacto tendrÁ el resultado de estas primarias en el futuro de cada candidato, el analista polÍtico javier massa nos acompaÑa para responder a Éste y otros interrogantes. vamos a hablar de los resultados si realmente consolidar a hillary clinton como candidata para el partido demÓcrata y a donald trump por el partido republicano. javier: se dio lo que dijimos debÍa ocurrir, una goleada, lo que los punteros necesitaban. satcha: habÍamos dicho que podÍan ganar en su estado porque son neoyorquinos, pero, ¿quÉ ocurre el prÓximo martes en estados del noreste de naciÓn? ¿tendrÍa posibilidades por ejemplo un

gritar "abuelita" a la reina de las lee novelas, en la casa mÁs feliz de la televisiÓn hispana y show favorito co en su legendaria búsqueda, jackr: pensÉ que tenÍas 32, felicidades a su marido, con todo respeto. johnny: emerson, te queremos, te admiramos. karla: quÉ buenos compaÑeros, te quiero. johnny: es hora de! todos: "cÓdigo segura"! ♪ ♪ orlando: "cÓdigo segura", "despierta amÉrica" con la mÚsica de vicente fernÁndez, el hombre mÁs conocido, exponente de la mÚsica mexicana, es conocido en todo el mundo, 76 aÑos, maÑana se nos va de los escenarios, desde el azteca, escuchemos un poquito de "celos". ♪ ♪ ♪ ♪ ♪ ♪ orlando: dos vicente fernÁndez, buenos dÍas los angeles, chicago, nueva york, miami, san francisco, todos despertamos juntos porque se nos va uno de los grandes, don chente. verÓnica castro, anoche dio una rueda de prensa por su obra de teatro, estuvo su nieta y la pequeÑa se robÓ hecho, es muy entretenida. veamos. reportera: verÓnica castro se llevÓ una gran sorpresa al entrar al escenario y escuchar cÓmo la llamaba su nieta rafaela. >> para eso laterales, para que aplauda y grite. reportera: aunque prefiere que viva

alan: nos visitan los perritos mÁs habilidosos de la feria de miami, con acrobacias, piruetas, maravillosos, nos van a enseÑar tÉcnicas al rato. en su legendaria búsqueda, jacka manera legendaria. ah-hem. ♪triple cheeeeeese! el triple cheese and hash brown breakfast burrito. ven antes de que desaparezca. ♪ ♪ alan: ¿cÓmo estÁs? ramses: todo bien, para hablar de deportes y del chicharito. alan: yo soy fanÁtico,por la ganas que le pone y por poner a nuestro paÍs en alto. ramses: el chicharito fue escogido mejor jugador del mes en la bundesliga, un mexicano arrasa con el 75% de los votos en alemania. alan: me gusta ver la playera de otro paÍs que diga chicharito, es la playera mÁs vendida a cada vez que estar en un equipo. me da mucha alegrÍa por Él, se lo merece. ramses: la selecciÓn de mÉxico despuÉs de los 6 puntos contra canadÁ en las eliminatorias a rusia en el 2018, hace mucho tiempo no estaba en la posiciÓn 16, estÁ arriba de francia y de holanda. me vas a decir que es polÉmica la lista. alan: no se sabe muy bien de dÓnde salen los rÁnkings, a veces cuando estÁ mal lo ponen mejor. ramses: no estÁ colombia en los primeros dÍas, argentina recupera el nÚmero

maximas de 63, pero se sentira mas calorcito -sensacion termica de 66 -minimas de 53-la temperatura actual es 48- una jornada de mucho viento en su legendaria búsqueda, jackreakfast burrito. ven antes de que desaparezca. satcha: una avioneta al parecer perdiÓ uno de los motores poco despuÉs del despegue, impactÓ sobre el techo de una residencia, saltÓ sobre otra y en una tercera estallÓ en llamas, por puro pilar uno de los residentes saliÓ antes del accidente, tanto el piloto como los dos pasajeros sobrevivieron, y aunque sufrieron quemaduras fueron sacados de lucrar con ayuda de socorristas y espectadores. no se rinden familiares de los 43 estudiantes de ayotzinapa, en mÉxico, los padres de los jÓvenes volvieron exigir respuestas al gobierno, luego de que el polÉmico informe del grupo de expertos independientes concluyera que no hay evidencias ciertas sobre el paradero de los muchachos, el documento echa por tierra la versiÓn histórica del gobierno y seÑala que hubo omisiones e incluso torturas sobre varios de los testigos asÍ como participaciÓn del ejÉrcito y funcionarios federales. >> podemos decirles que miente enrique peÑa nieto, que miente murillo k