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joe tsai, very much appreciate your time. executive vice chairman of alibaba. >> you going to china? >> we are going to see, yeah. we are trying to see if we can make that happen. >> who is we? >> the team. >> i was going to say singles day. >> i'll go. >> i would love for you to join me. why not in. >> you just came back from china. you going to china? i don't know. i've got to hold down the fort. >> i was hoping we would get a better sense of the chinese consumer. it's important. >> he didn't say we are not going to blow away the earnings. he didn't do a facebook reset or bezos, it's important to spend, spend, spend. i said stock was up 4 and we are going through the same releases. it's wow, wow, wow -- margin trends, we don't manage a margin target? >> clearly not. >> salomon pizza. >> by the way, those margins, 59.4 a year ago, ebitda basis now 50.5. that's a big drop. >> that is a big drop. >> that's not what you want to see. >> they are mobile. we talk about it so often, facebook and the huge transition they made. mobil
joe tsai, very much appreciate your time. executive vice chairman of alibaba. >> you going to china? >> we are going to see, yeah. we are trying to see if we can make that happen. >> who is we? >> the team. >> i was going to say singles day. >> i'll go. >> i would love for you to join me. why not in. >> you just came back from china. you going to china? i don't know. i've got to hold down the fort. >> i was hoping we would get a better sense...
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we talked to joe tsai on a first on income this morning. he explained it this way. >> we are not like amazon was the fundamentals and business model. they margin is hampered by the fact they take on inventory and a large cost of goods sold item. so their gross margin starts with a very very low number, somewhere, you know, in the low teens. and in our case we operate on a marketplace model wrrhere the revenue we generate from commissions and online marketing services have inherently very high margins. in our core business we don't see any reason why the margin needs to decline over time. so in terms of the margin that you are seeing in the latest quarter is really reflected in the fact we are making investments for growth. we are going to be very disciplined in terms of these types of investments because you can only focus on a few areas. and we have strategically identified these long-term growth areas like digital entertainment, like local services and also doubles down on our investments and mobile operating system. these are all long-te
we talked to joe tsai on a first on income this morning. he explained it this way. >> we are not like amazon was the fundamentals and business model. they margin is hampered by the fact they take on inventory and a large cost of goods sold item. so their gross margin starts with a very very low number, somewhere, you know, in the low teens. and in our case we operate on a marketplace model wrrhere the revenue we generate from commissions and online marketing services have inherently very...
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cofounder, joe tsai.will back -- we will be back. ♪ >> just over five minutes away from the opening bell and we are on the market. remus settling slightly lower. out what will have is the markets after the mitchell election. we will talk about that in a moment. it is our customer to the opening bell is next. top story.r the opening bell is next. ♪ >> welcome back to "in the loop." matt miller and julie hyman are joining me. interview and we skipped member for to go to number two because there was nothing more to say about alibaba. our number one story today is election day. it was 4, 3, 2, one, all rolled up together. >> this is going to be a big one possibly for the markets. republicans need six seats to say -- to take senate control and they are in good shape if you believe the polls. we have had some strategist who have set up we see a gop controlled congress and the president for the next two years that this will be good because that means there will not be obamacare passing through our world that --
cofounder, joe tsai.will back -- we will be back. ♪ >> just over five minutes away from the opening bell and we are on the market. remus settling slightly lower. out what will have is the markets after the mitchell election. we will talk about that in a moment. it is our customer to the opening bell is next. top story.r the opening bell is next. ♪ >> welcome back to "in the loop." matt miller and julie hyman are joining me. interview and we skipped member for to go to...
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with the alibaba executive joe tsai. a ceo joining us on why he is spending millions. futurelibaba ba competitor? plus, president obama may have made waves on net neutrality yesterday. americans to roll in healthcare.gov online. why one company wants to completely up and the health insurance industry with a little help from priceline. for an exclusive interview on the new announcement today. he will only see that on "in the loop here: there has been a breakthrough in trade talks between the u.s. and china. on countries have agreed technology products, chips to medical devices. the first major cut in 17 years. the deal is part of a larger global technology agreement that still needs to be ratified by members of the wto next month. to limitunning out iran's nuclear program. two days of talks and iran says no progress was made. november 24 as a deadline for the agreement. from todaye a week and negotiations have been going on for almost a year. with a is going global single day. the e-commerce company has made the holiday the biggest shopping event in china. and the first
with the alibaba executive joe tsai. a ceo joining us on why he is spending millions. futurelibaba ba competitor? plus, president obama may have made waves on net neutrality yesterday. americans to roll in healthcare.gov online. why one company wants to completely up and the health insurance industry with a little help from priceline. for an exclusive interview on the new announcement today. he will only see that on "in the loop here: there has been a breakthrough in trade talks between...
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joe tsai, one of the founders of alibaba, was with us earlier. >> we have an international strategy focusedborder. you see evidence of that on singles day. worlders from around the are selling to 300 million chinese consumers shopping on our platform. direction we had a lot of chinese companies that are manufacturing products that can sell all of the world. we are seeing that cross-border flow as well. that is very exciting for us. >> it is exciting for them. as he was saying they are likely to take this model and bring it elsewhere. we may be celebrating singles day. >> whether you are in america or china, everybody loves good deals. >> right. >> what are their plans? in the u.s.. a couple things. it is not just about singles day. it is about coming into the with paypal, for instance. that is a possible partnership. they are talking with apple as well about other partnerships. people have speculated whether they come in with an acquisition. and joerd about jack ma hollywood.ing to they might be getting into content. the problem alibaba has faced, he has gotten better with the o, not a lot
joe tsai, one of the founders of alibaba, was with us earlier. >> we have an international strategy focusedborder. you see evidence of that on singles day. worlders from around the are selling to 300 million chinese consumers shopping on our platform. direction we had a lot of chinese companies that are manufacturing products that can sell all of the world. we are seeing that cross-border flow as well. that is very exciting for us. >> it is exciting for them. as he was saying they...
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with the alibaba executive joe tsai. a ceo joining us on why he is spending millions.or? plus, president obama may have made waves on net neutrality yesterday. americans to roll in healthcare.gov online. why one company wants to completely up and the health insurance industry with a little help from priceline. for an exclusive interview on the new announcement today. he will only see that on "in the loop here: there has been a breakthrough in
with the alibaba executive joe tsai. a ceo joining us on why he is spending millions.or? plus, president obama may have made waves on net neutrality yesterday. americans to roll in healthcare.gov online. why one company wants to completely up and the health insurance industry with a little help from priceline. for an exclusive interview on the new announcement today. he will only see that on "in the loop here: there has been a breakthrough in
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we were talking to joe tsai earlier. he said they actually had positioned goods in certain places based on order patterns in the past and were able to get a washington machine up to somebody's apartment in 18 minutes. that seems a little much to me. i'm not sure if they were already downstairs, but that does give you some sense to the challenges they are taking on here at alibaba as they take 11/11 or singles day global at this point. we will be speaking to jack ma in a little bit. >> i'm curious on that point about taking it global. are they going to get people in other countries to buy washing machines and clothing for themselves to celebrate singles day? it's amazing how this took this obscure holiday in china, owned it, made it the biggest shopping day in the world and are trying to do it in places like the u.s. where it doesn't have the same brand recognition. i wonder if that global reach, that global effort is going to work? >> they certainly have been told many times, it's great what you're doing in china. if you
we were talking to joe tsai earlier. he said they actually had positioned goods in certain places based on order patterns in the past and were able to get a washington machine up to somebody's apartment in 18 minutes. that seems a little much to me. i'm not sure if they were already downstairs, but that does give you some sense to the challenges they are taking on here at alibaba as they take 11/11 or singles day global at this point. we will be speaking to jack ma in a little bit. >> i'm...
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. >> not only jim cramer, but also alibaba's executive chairman vice chairman joe tsai. from the magic kingdom coming up. disney's cloud base movie service expanding purchases made through google. disney movies anywhere launched in february. it allows users to buy disney, pixar, marvell films through the app or website or the itunes store. >>> welcome back. we want to bring your attention to a worthy cause. tonight at the museum for the city of new york, the lulu fund is hosting a benefit to the art of healing. some items up for auction include set visits to shows like "the black list." you can attend all three triple crown races, come to our set and watch "squawk box" and have breakfast with us. visit jim cramer, matt lauer and the "today" show team, a private gymnastic session. all to benefit the lulu and leo fund which helps foster creativity and build resilience. check out the auction and enter your charity bid at charitybuzz.com/lulu&leo or if you want to donate go to the site itself, lululeofund.org. >> it's an awesome event. they had kids come who sang were amazin
. >> not only jim cramer, but also alibaba's executive chairman vice chairman joe tsai. from the magic kingdom coming up. disney's cloud base movie service expanding purchases made through google. disney movies anywhere launched in february. it allows users to buy disney, pixar, marvell films through the app or website or the itunes store. >>> welcome back. we want to bring your attention to a worthy cause. tonight at the museum for the city of new york, the lulu fund is hosting...