that's alibaba and micromax india's smartphone player. we're not sure type of investment that's going to be made but it could be a sizable stake in micromax. just watch this story. of course it's a developing story and one that we'll watch ahead of alibaba's earnings results. analysts have been wondering now that we know alibaba has such a cig any cabot significant stake in china's market, and sometimes you have to get a strategic partner to enter a market. this could be the case with india. >> expansion has been primary for them because of the economy story but also because of the crack down on the counterfeit goods by the chinese government. they are said to be in identity credibility crisis. alibaba is struggling to recover from that. they have to look at different countries and different growth avenues. expansion is costly. marketing is costly. expansion into other areas and into other economies, that is very very expensive so that may be weighing on the bottom line at first but that's obviously what investors are looking out for espe

rishaad: are you denying that alibaba once 20% of micromax?, we are being offered multiple options and a us of the players talking to at a strategic level are if a partner is interested we would be interested in talking further. at the current stage there would be no confirmation i could give. -- you: let's talk about are telling the press not too long ago that you wanted to raise funds for developing locally focused software. how much money do you need to raise in order to do that? at quite are looking lot of investment -- when i last spoke it is all about experience for us and we are looking at giving an experience which is a combination of software and hardware. put in different investments. these are startups as well. what are you doing as a mobile phone maker and supplier? come for theme has mobile forum will be one more hardware device. long-term would be the delight and experience we are hardware ande the experience. that will bring a long-term brand loyalty. time we talked, you said you had this aim of trying to build more and make wha

foxconn once to collaborate with local indian companies like micromax, and informatics.conn is not alone. xiaomi also plans to expand to india. coming up, is there any action camera that can take on gopro? plus amazon's german tax bill , is about to get bigger. we will tell you why, next. ♪ ♪ emily: it is time now for the daily byte, one number that tells you a lot. and that number is $16 million -- how much they paid in taxes on german sales. that works out to just 1.3%. for years, amazon like other u.s. tech companies funneled much of its european sales through luxembourg to take advantage of the nation's lower tax rates. today amazon confirms that loophole is closed. that means a higher tax bill across the board in europe. so this changes nothing -- they are pressing on with an investigation into amazon's tax practices. now think wearable, durable, waterproof camera. think gopro. gopro has taken the action camera market by storm. it has 38 present global market share by 2013 and consolidated that in 2014. can anyone really compete with gopro? this year, the action cam

talking about china, micromax in india these players are gaining a lot of traction in these markets. >> but that doesn't mean it's sustainable. you have to innovate. >> you're saying to spend more toward buy backs. >> yeah they can definitely allocate a bit more of it. we'll go around in circles on that topic but the other thing interesting on his point, he said, you know they can come to the television market too. all of our focus is on can the iphone 6 sales sustain. is the am watch going to be a big mover for them? but apple tv if they revamp it successfully that could be a new area which will dominate all of our ecosystems in the way that the laptop and iphone did. >> follow the music space. they're widely expected to unveil their streaming service in june. let's see what announcement we get from that. >> great stuff. that's apple. before we go to break let's sum up european markets for you. the big mover today is the euro. below the 112 handle. it was soft yesterday and about an hour ago it saw a stark move down by 1%. that was after ecb board member expressed concern about the