equivalent of best buy, which is called sunni or they invested in it because you need to merge on an offline commerceat me to stop lending using cell phones and others laugh. the main competition in china we collect vat. it's really in my view and sometimes they gang up. they don't live like they do. rapidly it's not a woman friendly founder frankly jack ma and pony ma, they are not related, but it gets confusing. for example, through prayer. in china, cooper is not doing well. but it's one market where frankly they are behind. the recent alibaba both have proxy equivalent and they are very quick to scale because they have this huge distribution. i was so intense the competition between this company that they ended up merging them. they are spending hundreds of millions of dollars, a month on subsidizing. passengers were being paid to get into a car. in one case, alibaba was offering free to drivers. they would come pick up the creative ear, not the most intelligent of promotions. they ended up merging. entries may now, you see alibaba are investing. who here uses lyft? most people use uber. and comp

you need to merge on the offline commerce. you need to start blending using cell phone and other stuff. the main competition in china, bat, it's really my view alibaba ten cents. they gang up. the head of ten cents. for example, uber, in china uber is not doing very well although traffic in dc, it's a one market. frankly they're behind. the reason they have equivalents and very quick to scale because they have huge distribution. they ended up. it was so intense with the company dd that they ended up merging them because at one point they were spending hundreds of millions of dollars, months on subsidizing so you were being paid to get in a car, the drivers were being paid and in one case alibaba was offering free beer to drivers so taxi drivers could come in and pick up a crate of beer. it may have improved the driving given conditions on the roads in beijing. interestingly bidu partnered with uber, you see alibaba are investing in the main competitor lift. who uses lift? i think what's interesting this debate, competitive lan

course, overall e-commerce has been taking market shares from offline sails.hink different two alibaba's management who has an optimistic view on chinese consumption going forward. jds management holds a cautionary tone on the earnings call last night. first of all, more than half of jds growth merchandise value is electronics. rishaad: sales up 9%. -- 48% up. this growthlf of merchandise value are coming from home appliance and electronics. and j.d. have been targeting high-end urban shoppers, which demand higher-quality and branded products which may be more effective during economic downturn. rishaad: you say the management is downbeat on the prospects of this but do they have a timeframe as to when things might get better and have a turnaround? michelle: they don't say specifically. rishaad: they would never actually say specifically. michelle: in the medium to long-term, i think they are still optimistic njd will still be a good start to play on rising chinese middle class and rising chinese consumption overall. rishaad: did they have a series of new init