we're are joined by john collison.ave read this perspective and getting my head around this business is particularly tricky. i don't understand this so well. can you coach me? >> yes, i think that alipay has had surprisingly little attention here. alipay is hundreds of millions of consumer accounts in china. we make it easy for websites and mobile apps to accept payments. over the past 10 years, there is the emergence of companies like go pro,subscription services like dropbox. all need specialized payment needs and that is what stripe handles. credit cards are pretty dominant. >> i said that alipay is the dominant payment method in china. it is not, paying with cash is the biggest way. >> if you are a western market and you want to grow internationally, credit cards will only get you so far. this is allowing western markets to grow internationally. this is where merchants cannot only address the so credit cardholders but also the alipay account holders. but there are notions about the business to business deals. but,

john collison, thank you very much. taking the health care deal.ails next on "bloomberg west ." ♪ where stocks are trading right now. the s&p is paring some of its losses. as nineown as much points. now only off by about four. you had jim fuller saying interest rates may rise. although he is not a voting member. lumpy data down in consumer spending. inflation was down 1/10 of one percent keeping a lid on the markets. a couple of stocks to highlights, the first is alcoa trading at a 52-week high. it is a limiting producer which agreed to by aerospace in a cash ander stock deal. and we are watching mccormick, the spice maker reporting a jump in second-quarter profits but it did this sales estimates. it really has been reaping the benefits of a key international acquisition last year. we are on the markets again in 30 minutes. more "bloomberg west" on the other side of this break. ♪ watching "bloomberg west." i am cory johnson. salesforce announcing a partnership with philips bringing together health care providers and insurance companies. the executi