we are a crocodile in the yangtze river. if we fight in the ocean, we will lose. fight in the river, we will win." over the next half hour, we take you inside the alibaba group to find out how this company founded by 18 people in jack ma's small apartment has grown into a company that has grown bigger than amazon and ebay combined. the businesses of china's e-commerce giant -- roughly 80% of alibaba's revenue comes from chinese consumer sites. but it all started with ali baba.com, the world's largest business-to-business that form, connecting buyers and sellers. how does alibaba work, and is the process similar to buying something on amazon and ebay? bloomberg's sam went through the process of buying custom pants from alibaba.com, and he joins us now with more. sam, i know you like your pants. >> i love my pants, and i really wanted a lot of them. one way i could do that for not too much money was to order them from a manufacturer who uses alibaba.com. this is the basis of the entire alibaba.com system, connecting buyers all around the world with an equal number o

bloomberg television will show you in crocodile in the "the alibaba story: crocodile in the yangtze." it draws over 200 hours of footage filmed at the company's headquarters and at splashy corporate events hosted by jack ma himself. take a look. ♪ can you feel the love tonight ♪ >> to see more, don't miss the broadcast premiere of "the alibaba story: crocodile in the yangtze" on monday september 8, 9:00 p.m. eastern right here on bloomberg television. coming up next on the best of "bloomberg west," microsoft is facing some challenges in china dealing with an anti-trust investigation. will it hurt the software giant's business in asia? that is next. >> welcome back to the best of "bloomberg west". i'm emily chang. microsoft is facing anti-trust pressure in china. they are looking into how microsoft sells windows software and office applications. authorities launched the probe and raided microsoft's china office in july. the ceo will be traveling to china later this month. a microsoft spokesperson says that the trip was planned before the investigation began. they are committed to compl

tonight ♪ >> to see more, don't miss the broadcast premiere of "the alibaba story: crocodile in the yangtzey september 8, 9:00 p.m. eastern right here on bloomberg television. coming up next on the best of "bloomberg west," microsoft is facing some challenges in china dealing with an anti-trust investigation. will it hurt the software giant's business in asia? that is next. ♪ >> welcome back to the best of "bloomberg west." i'm emily chang. microsoft is facing anti-trust pressure in china. they are looking into how microsoft sells windows software and office applications. authorities launched the probe and raided microsoft's china office in july. a microsoft spokesperson says that the trip was planned before the investigation began. they are committed to comply with laws and addressing the questions and concerns. i started by asking davis evans how serious this is for microsoft. >> for microsoft it is pretty serious when you have one of the chinese anti-monopoly agencies launching a significant investigation like this. certainly it is something that if i were running microsoft i would take

we are a crocodile in the yangtze river. if we fight in the ocean, we will lose. fight in the river, we will win." over the next half hour, we take you inside the alibaba group to find out how this company founded by 18 people in jack ma's small apartment has grown into a company that has grown bigger than amazon and ebay combined.

order harassment, director of "crocodile and the yangtze, the alibaba story." is there anything that can knock alibaba off of its road? we take a look at the biggest risks facing the company in china and around the world next. >> welcome back. alibaba is dominating in e-commerce, facilitating the delivery of five oh packages 5st year, more than ups -- million packages last year, more than ups. it has making acquisitions to keep up with other chinese tech companies in areas like mobile and video. it is also entering the u.s. main.he shopping site 11 so what should the company be most worried about? i started by asking what he sees is alibaba's biggest challenge as a public company. >> i think its biggest challenges will be what everybody's car, when you get to scale, what happens then? there has not been a company in the technology space that has been around for a hundred years that has been able to reinvest -- reinvent itself. adobe has done it. but time will tell whether or not these companies get disrupted after they spent all their time disrupting other peop

bloomberg'sbout special programs tonight on alibaba. " crocodile in the yangtze, the ali baba story,"at 9:30 p.m. eastern, than a special half-hour on alibaba'sd busines. right here, only on bloomberg. this is " taking stock." ♪ >> this is "taking stock" on bloomberg. i am pimm fox. ,ontinuing coverage of alibaba pricing its initial public offering at $68 a share. i want to continue our conversation with paul kedrosky, joining us from san diego. and an analyst with bespoke investment group. bespoke coined the term "the baba effect." >> i don't know if i will take credit for that. paul hickey, my boss, might have. >> what is the effect? >> there was concern earlier this week, dating back a month now, that the new shares would price of the top end of the range, eating into overall returns. that might have been slightly overblown, but we have seen, we saw monday prior to the fomc and thegot on wednesday piece in the "wall street i -- journal" on tuesday, some internet type names have really underperformed. >> what does that tell you? >> we think a lot of people who will have to buy into

do not miss the global broadcast premiere of "crocodile in the yangtze: the alibaba story." that is on monday, september 8 at 9 p.m. eastern only on bloomberg tv. coming up, a wall street risk manager says goodbye to his desk job and he wants a new kind of risk. he started his own crepe business. i will ask him about turning dough into dollars. the unemployment rate fell to 6.1% down from 6.2%. i will speak to the president of hired.com on why recent graduates are changing the startup life. that is up next. ♪ >> this is "taking stock" on bloomberg. i'm pimm fox. i will introduce you to a company that is breaking some boundaries. zaycon works to break down the barriers of buying food directly from the farm. their trucks deliver wholesale quantities to retail customers. richard braddock is the former chairman of fresh direct and the former president of citigroup so he knows a lot about money. he is the chairman of zaycon foods. thank you for being here. >> nice to be back. >> was i able to describe that correctly that you are basically offering this produce and meat and you we

don't miss two special programs, a documentary, "crocodile in the yangtze, the alibaba story." a bloomberg west special look at alibaba's business only here on bloomberg. bloomberg is on the markets. here's julie hyman. >> let's take a look at where stocks broadly are trading right now. withe seeing a rally financials leading the way after economic data coming putting jobless claims, beat estimates this morning. people looking at the fed yesterday and receiving the commentary as dovish. one individual stock, we are watching ali baba. shares are expected to price after the close today. interest in those shares so high that the company has already raised is price range to $68 a share. depending on where those shares price, it looks like it will be the biggest ipo in history. of course, we do not know what ali baba will do. there is a lot of demand. but we can look at yahoo! which .wns a share of alibaba it will be selling part of that stake but those shares are falling ahead of that pricing. stay with bloomberg for complete coverage of that alibaba ipo. we will be back on the mar

jack ma said we are a crocodile in the yangtze river. out how this group of people has run into a global e-commerce phenomenon with the profit that is bigger than amazon and ebay combined. we want to start by looking at the many businesses of the alibaba group. 80% comes from chinese system -- consumer sites but it started with alibaba.com. helping connect buyers and sellers but how does alibaba and is the process similar to buying something on amazon or ebay? sam grobart went to the prices of buying custom pants. >> one way was to use a manufacturer who uses alibaba.com. connecting buyers all around the world with an equal number of manufacturers to give them what they want. to reach those manufacturers i had to create a buying request. a form that describes what i want to be made. i had replies from manufacturers in china, india, pakistan, and the czech republic. to whittle that list down i ditched any replies from companies that were not gold suppliers. they have submitted to some background checks to make sure they are not running a

look at the premiere of crocodile in the yangtze on monday at 9 p.m. east coast time."louvered west" coming up after this -- more "bloomberg west" coming up after this. ♪ >> i'm cory johnson and this is "bloomberg west." -- alley -- and alley bobby and alibaba back taxi service is starting in china and receives over 6 million orders for cars per day3 kuaidi launched in 2010 and is in over 300 cities. uber only operates in four chinese cities. johnny is now from hong kong is the cofounder. -- joining us now from hong kong is the cofounder. how is your business growing? >> we are growing very good. we cover over 300 cities now. have also tacked on limo services to our 100 million registered users. >> those are really big numbers. what has the growth rate them like? is accelerating or slowing down? >> it is accelerating. >> really? >> especially when we offer the new service to them. we addedn app and then the limo service so that is why our numbers are growing -- are going up. >> specifically, what is the billing like? one of the secrets of uber is that they have a backe

do not miss this broadcast, crocodile in the yangtze, the À la bob a story not :00 p.m.stern time here on bloomberg television. story at 9:00 p.m. eastern time here on bloomberg television. it is fashion week here in new york. luxury brands are debugging their latest looks. you get any stores, many others are online, but the question is -- is digital the new black echo robert burke presses against that. you aggressively pushed back against the young upstart saieh digital, digital, digital. let's start with neiman marcus. >> i am pushing back, but i'm the facttailing that you have to be online and you have to be good online and you need to have bricks and mortar. that combination will be the winning formula going forward, so neiman marcus announced this week they will be opening 250,000 square foot store in manhattan. it will be in hudson yard, and the financial centers in brookfield, westfield, sacks of avenue will be opening a store there along with many retailers, and barney's is opening in chelsea. that is just in manhattan. top men malls, and they are opening four ve

"crocodileremiere of in the yangtze" tonight here on bloomberg television. mark zuckerberg says facebook will spend billions to bring the internet to the world. find out why and what it's going to cost, next on "bloomberg west." ♪ >> i'm cory johnson and this is "lumbar glass." mark zuckerberg says he's willing to spend billions of dollars to bring the internet to the world. evente the comments at an hosted by carlos slim. this come after facebook announced today they have more than 100 million active users in africa. 80% of them connect via mobile. david is the author of "the facebook effect. markthis sound like be zuckerberg you know or is this more ambitious? >> this is the mark zuckerberg of old getting more ambitious as he can because this idea of connecting everyone has been in the back of his mind the ultimate or of facebook since late 2004. it only in the last couple of years that it began to be a possibility facebook did try to connect people in every country increasingly in every economic segment and that's a high priority. it changes the total addr