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alibaba is weak on mobile. yahoos monthly mobile users have been increasing see you could string together at plausible story that it is a great strategic partnership. >> leslie, are you hearing ideas about alibaba potentially buying yahoo!? >> one thing we reported was their desire to potentially buy back a stake to increase their valuation. looking at the strategic acquisitions, they have made many of them prior to today's prospectus a way that could increase their value when the prospectus came out in several months from now when the prices start trading in the exchange, something investors will pay very close attention to. >> leslie picker, crid yu, john malloy, jon erlichman. we will talk little bit more about jack ma. who is he? how did he start the company? what investors think about it? ♪ >> you are watching "bloomberg west," where we cover business technology. top story this hour, alibaba, the chinese e-commerce giant, filing for its ipo this afternoon. who is the founder and executive chairman, jack
alibaba is weak on mobile. yahoos monthly mobile users have been increasing see you could string together at plausible story that it is a great strategic partnership. >> leslie, are you hearing ideas about alibaba potentially buying yahoo!? >> one thing we reported was their desire to potentially buy back a stake to increase their valuation. looking at the strategic acquisitions, they have made many of them prior to today's prospectus a way that could increase their value when the...
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>> alibaba is a juggernaut. a lot of americans are familiar with it because it hasn't been traded over here and it is not a site that we go to every day like amazon or facebook. but, it it is one of the top five internet properties in the world. the ipo roadshow that is going to play out over the next few months is going to be a coming out party globally for alibaba for the rest of the world. i think it is going to be a mega company. it is going to have profound impact on the world of tech over here. it is going to give amazon competition in the years to come. it is an enormously important company that now people are starting to pay attention to. >> scott kessler of s&p, i want to bring you into the conversation. if there is a valuation in the range of $170 billion, what does that do to all of the potential indexes that it would go into? >> i think that is an interesting question. i don't know the answer. it is reasonable to think about ali baba as kind of eric indicated. one of the seminal internet companies to
>> alibaba is a juggernaut. a lot of americans are familiar with it because it hasn't been traded over here and it is not a site that we go to every day like amazon or facebook. but, it it is one of the top five internet properties in the world. the ipo roadshow that is going to play out over the next few months is going to be a coming out party globally for alibaba for the rest of the world. i think it is going to be a mega company. it is going to have profound impact on the world of...
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best way to play alibaba is alibaba, but the bottom line is when alibaba becomes public in a few months the numbers are so hot that growth managers who like or hold amazon they'll love alibaba. i don't think they'll want to own both. when push comes to shove, i think they'll sell amazon and buy, buy, buy alibaba which will make it for rockier times for the darling of the momentum crowd. can we go to chris in new york? chris? >> chris from wisconsin, new york. my question to you is regarding echostar, symbol sats, sold four or five bucks in the last four trading days and will this go to the milky way or come back to earth with the huge p-e? >> you're fine in echostar. i would tell you to sell out because it gets a bid tomorrow. i have to tell you, this industry is so hot. that industry is what i call sizzling. i wouldn't sell it. i'd own it. let's go to ed in texas, please. >> ed? >> boo-yah, houston. >> what's going on, partner? i value your valuable insight and i wanted to ask you about zynga. it's it hit the worldwide google platform and there's a new ceo don patrick at microsoft, now
best way to play alibaba is alibaba, but the bottom line is when alibaba becomes public in a few months the numbers are so hot that growth managers who like or hold amazon they'll love alibaba. i don't think they'll want to own both. when push comes to shove, i think they'll sell amazon and buy, buy, buy alibaba which will make it for rockier times for the darling of the momentum crowd. can we go to chris in new york? chris? >> chris from wisconsin, new york. my question to you is...
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alibaba than i do in yahoo!, but i do not follow either one. >> how critical is the auditor of an initial public offering? do you care about the accounting for any chinese entity? >> of course you do. everything from -- there has been some hard examples of when you overlook it. alibaba has a genuine business. they have a real business. it is not a joke. whathallenge is -- valuation methodology do you apply to a business like that? the market is going to be struggling with that for years. accountingtioning of -- it has been said frequently that even chinese gdp might be skewed and a positive direction for political reasons. we cannot know. -- thenese economy leaders want to integrate with the rest of the world. the chinese economy is trying to enter into global commerce and a full and complete way. you will see a conflict between systems. public on theen hong kong exchange. they are in the middle ground already. alibaba is a chinese entity, trying to operate in a global context. wouldg kong regulators not accept
alibaba than i do in yahoo!, but i do not follow either one. >> how critical is the auditor of an initial public offering? do you care about the accounting for any chinese entity? >> of course you do. everything from -- there has been some hard examples of when you overlook it. alibaba has a genuine business. they have a real business. it is not a joke. whathallenge is -- valuation methodology do you apply to a business like that? the market is going to be struggling with that for...
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. >> alibaba's ambition to expand into u.s. markets and how efforts on both sides of the pacific have fall tered. >> thank you all for being here. we're going to send it over to the "fast money" crew and let them help us go through these earnings and all the things happening with alibaba. >> breaking news. alibaba filing for its ipo moments ago. we are digging deeper. plus we have got someone who says the company is worth $195 billion and major earnings news. conference calls going on for disney, whole foods and grew upon. a number of the momentum movers. groupon. all falling in the after hour session. twitter, shares sinking today. allowing early investors to sell hundreds of millions of shares. our traders. tim, steve, karen and guy. tim what did you make of the filing? >> it's impressive to me. some of the metrics coming out. remember, a lot of people have very little information about this company. as i said, i have been involved in private transaction. so spv vehicles have been selling alibaba shares over the last couple m
. >> alibaba's ambition to expand into u.s. markets and how efforts on both sides of the pacific have fall tered. >> thank you all for being here. we're going to send it over to the "fast money" crew and let them help us go through these earnings and all the things happening with alibaba. >> breaking news. alibaba filing for its ipo moments ago. we are digging deeper. plus we have got someone who says the company is worth $195 billion and major earnings news....
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plenty more on alibaba as well. head to cnbc.com to find out plenty more on those numbers. >>> meanwhile, here we are, just over an hour and five minutes into the trading day in europe. you can see we are weighted to the downside this morning. a little bit less than 7-3 decliners outpacing advancers. european equities, the ftse down 23 points yesterday, the dax down 0.6%. the xetra dax is flat, the cac current is off 0.2. the ftse mib is down 0.6 as well. the u.s. 30, the ten-year yield down at three-month lows. we're running off of that at the moment, 2.58. the big focus will be two days of janet yellen testimony. it starts today. how dovish is she going to be? we'll talk about that later as well. italian yields also following spanish yields below 3%. on the currency market, the dollar index is down near six-month lows. we're on that at the moment, euro/dollar, yesterday hit 1.3952. a two-month high. we're sort of just below that. we'll keep our eyes on sterling. we got close to the 170 mark yesterday. 1.6972 is wh
plenty more on alibaba as well. head to cnbc.com to find out plenty more on those numbers. >>> meanwhile, here we are, just over an hour and five minutes into the trading day in europe. you can see we are weighted to the downside this morning. a little bit less than 7-3 decliners outpacing advancers. european equities, the ftse down 23 points yesterday, the dax down 0.6%. the xetra dax is flat, the cac current is off 0.2. the ftse mib is down 0.6 as well. the u.s. 30, the ten-year...
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is selling, we know alibaba is selling shares. we do not know the breakdown or how much they are selling. we do not know how much softbank is selling. they will maintain more than a 30% stake which is where they are at right now. >> john, i wonder if you have seen a reaction to the valuation of this deal in silicon valley in terms of other investments areas if people are thinking they want to buy the kind of thing that alibaba will use the cash to acquire, or comparisons along those lines. >> besides mobile, the next growth area is definitely the u.s. the word is they will be expanding very substantially in this market, particularly in silicon valley. there's no question from an entrepreneurial standpoint, it is an exciting ipo. i wouldn't put it on par with facebook, but it has that field. this is the emergence of another tech titan who is going to be moving aggressively. >> i want to talk more about the role of yahoo! in this filing. it is really a tale of two companies. you follow yahoo! very closely. this he filing shows that
is selling, we know alibaba is selling shares. we do not know the breakdown or how much they are selling. we do not know how much softbank is selling. they will maintain more than a 30% stake which is where they are at right now. >> john, i wonder if you have seen a reaction to the valuation of this deal in silicon valley in terms of other investments areas if people are thinking they want to buy the kind of thing that alibaba will use the cash to acquire, or comparisons along those...
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>> how do you use alibaba? while they do have subsidiaries focused on mobile payments and online shopping, they are originally dedicated to connecting businesses with other businesses. let me show you. so many of today's consumer products are designed and built in china. what ali baba.com does is connect those businesses around the world to those selfsame chinese manufacturers. let's say you are a small american store. you go to the site and type in alarm clocks. what is different here is there is no by stag, meaning you have to haggle or bid. but to find an alarm clock you like, you can contact the seller directly or bid with a payment. your payment, leaves an escrow account you can deposit money and. there is usually a minimum order size for economies of scale. -- usually leaving the shipping margin lower for the buyer. as far as customs? that is entirely up to you. >> ok, so that is how it works. as the company prepares for its ipo, they are leaning on a former liberty media executive to scout out investment
>> how do you use alibaba? while they do have subsidiaries focused on mobile payments and online shopping, they are originally dedicated to connecting businesses with other businesses. let me show you. so many of today's consumer products are designed and built in china. what ali baba.com does is connect those businesses around the world to those selfsame chinese manufacturers. let's say you are a small american store. you go to the site and type in alarm clocks. what is different here is...
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what was alibaba back then? what did you think about why we are taking a billion dollars stake in this company? >> a lot of us knew about the company. they drove it for the investment it made back then. we wanted access to new markets, china being one of the biggest. and yahoo is a graphic designer business. it really diversified. liz: what do you see as the real driver here? the chunks that it has amazon and ebay cannot really compete with yet on that level. >> what caught my eye was the attraction the company has. like consumers here in the u.s., consumers in china are doing more and more with smart phones. already 20% of the business is driven through mobile devices. that is up 3 times from a year ago. liz: journalist can really be cynical, but do you see any cynicism in any of the numbers, worry some numbers with alibaba? >> one area people should be paying attention to is the relatively to the asset base. the ratio is a bit low but they have stockpiled cash and they will have even more after the ipo. lookin
what was alibaba back then? what did you think about why we are taking a billion dollars stake in this company? >> a lot of us knew about the company. they drove it for the investment it made back then. we wanted access to new markets, china being one of the biggest. and yahoo is a graphic designer business. it really diversified. liz: what do you see as the real driver here? the chunks that it has amazon and ebay cannot really compete with yet on that level. >> what caught my eye...
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but coy be a fan of sell in front of alibaba and go away. that's how concerned i am for this ipo and you its consequences for the entire market as that giant sucking sound of money flowing out of everything else so it can flock to this deal will drown out anything good that's happening. bottom line here. wrong time, wrong business, wrong cohort. that's the alibaba deal in a nutshell. the classic top signal for all to see. let's hope this oncoming train doesn't jump the rails and plow into the rest of the market. frankly, i just don't see how that accident isn't just waiting to happen. how about melody in delaware, please? melody. >> caller: boo-yah, jim. >> boo-yah, melody. >> caller: well, i want to tell you, my husband and i have enjoyed watching your show since 2005. and you've made us more comfortable with investing and staying invested for the long term. so thank you. >> you're terrific to say that. because we've been at it since then. and come to play every day. and take a lot of heat sometimes. and you made me just feel like it's the
but coy be a fan of sell in front of alibaba and go away. that's how concerned i am for this ipo and you its consequences for the entire market as that giant sucking sound of money flowing out of everything else so it can flock to this deal will drown out anything good that's happening. bottom line here. wrong time, wrong business, wrong cohort. that's the alibaba deal in a nutshell. the classic top signal for all to see. let's hope this oncoming train doesn't jump the rails and plow into the...
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alibaba makes it official. the retail giant has filed to go public in what could be the biggest public offering the u.s. has ever seen. we are joined with the details. valuation -- we don't know where it is priced, but we understand it is in the middle. >> we don't have a feel for anything. we don't know how they wore raise. it could be $20 billion. the problem is you say to a lot of people, in mainstream, alibaba, and they will reply, what? you will say it is an ebay-amazon mash-up. it is like ebay because it does not sell a product but charge transaction fees. billion last year. 5.5 in a single day. these are massive numbers and the question is how do you value a company? we don't have the answer. >> three times bigger then transactions on amazon? >> yes. bigger than amazon on transactions. how to value it? we have estimates and that will give it 168 ilya dollars. that would be bigger than 95% of the companies in the s&p 500. it would be absolutely massive. if you look at amazon, how does that appear? 400 tim
alibaba makes it official. the retail giant has filed to go public in what could be the biggest public offering the u.s. has ever seen. we are joined with the details. valuation -- we don't know where it is priced, but we understand it is in the middle. >> we don't have a feel for anything. we don't know how they wore raise. it could be $20 billion. the problem is you say to a lot of people, in mainstream, alibaba, and they will reply, what? you will say it is an ebay-amazon mash-up. it...
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alibaba makes it official. the online retail giant has filed to go public in the u.s.. >> it will be the biggest public offering the world has ever seen. ferro.joined by jonathan let's start with you, john. we have this billion that they are talking about, but nobody believes that. as $20ould be as high billion. we are expecting a filing and here it is. the price of the shares, how big the offering will be. around 250e volume, billion last year. that is more than ebay and amazon put together. how on earth do you value this company? >> we also know a little bit more about these billionaires involved. huge personalities. be the poster child for the hero of liberal arts. his parents were singers. he taught english. business wasnto something new. he failed the teachers exam twice before he exceeded -- succeeded. there are some big companies involved here. yahoo! has a huge stake. softbank, a huge stake in this business as well. all kinds of questions. >> we talk about the has to puts, jack ma down the microphone. t
alibaba makes it official. the online retail giant has filed to go public in the u.s.. >> it will be the biggest public offering the world has ever seen. ferro.joined by jonathan let's start with you, john. we have this billion that they are talking about, but nobody believes that. as $20ould be as high billion. we are expecting a filing and here it is. the price of the shares, how big the offering will be. around 250e volume, billion last year. that is more than ebay and amazon put...
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everything you need to know about alibaba. in today's cover story....why historical landmarks are the newest hot housing investment plus... why joining the real world could be a smooth transition for the class of 2014. and... could a new movie help a comedy star make the leap to superstar status. first business starts now! good morning! i'm angela miles. it's thursday, may 8th. in today's first look: tesla rolls in with a $50 million dollars loss for the quarter. shares fell 7% on the news after the close. ford intends to buy bakc $1.8 million in stock. fast food workers prepare to protest around the world about low wages. president obama removes special trade benefits for russia. he says the country no longer needs them. fed chair janet yellen and russian president putin move the market. putin wants to postpone the east ukraine vote on autonomy. and yellen signals the fed will remain pat with its stimulus strategy. the dow raced up 118 points the nasdaq was hit with another sell off in big tech and the s&p gained 10 points. g
everything you need to know about alibaba. in today's cover story....why historical landmarks are the newest hot housing investment plus... why joining the real world could be a smooth transition for the class of 2014. and... could a new movie help a comedy star make the leap to superstar status. first business starts now! good morning! i'm angela miles. it's thursday, may 8th. in today's first look: tesla rolls in with a $50 million dollars loss for the quarter. shares fell 7% on the news...
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how do you use alibaba? >> how do you use alibaba? people say china's largest e-commerce site is like amazon, ebay, and paypal rolled into one. while they focus on mobile payments and online shopping, it is dedicated to connecting businesses with other businesses. so many of today's consumer products are designed and built in china. what alibaba does is connect businesses around the world to chinese manufacturers, creating millions in retail relationships. let's say you are a small american store looking to buy an alarm clock. alarm clock.word there is no price tag so it allows you to bid. directly oract them bit of payment. if they can, your payment leads to an escrow account you can deposit money into. there is usually a minimum. that leaves the half its higher for the seller and the shipping market lower for the buyer. and clearing u.s. customs is entirely up to you. now you know how alibaba works. let's find out why it has chosen to go public in the u.s. it's a big loss for the hong kong stock exchange. alibaba is possibly heading
how do you use alibaba? >> how do you use alibaba? people say china's largest e-commerce site is like amazon, ebay, and paypal rolled into one. while they focus on mobile payments and online shopping, it is dedicated to connecting businesses with other businesses. so many of today's consumer products are designed and built in china. what alibaba does is connect businesses around the world to chinese manufacturers, creating millions in retail relationships. let's say you are a small...
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the alibaba question. will one of the biggest ipo ever bring big returns to your portfolio, or are the danger signs building? let's meet today's starting lineup -- john, pete, josh, joe, and steve liesman following the testimony this morning, right here next to us. steve, i'll go to you first. i thought she was dovish. i thought she was not so dour on the economy. >> dovish not dour, a junior economics reporter. i think that's exactly right. first quarter weakness, she explained the transitory factors, mentioned the weather. sees a strong second quarter rebound, production on the rebound, and yet the outlook for interest rates remains on task, nothing to change that. on the market, she said the only real bubble sign she sees, maybe in small cap, but more high corporate debt. levels of the stock market and real estate values remain in historic norms. >> although people would take issue, pete, in terms of the valuations we've seen in the high flier names which have been getting destroyed today. >> yeah. >> a
the alibaba question. will one of the biggest ipo ever bring big returns to your portfolio, or are the danger signs building? let's meet today's starting lineup -- john, pete, josh, joe, and steve liesman following the testimony this morning, right here next to us. steve, i'll go to you first. i thought she was dovish. i thought she was not so dour on the economy. >> dovish not dour, a junior economics reporter. i think that's exactly right. first quarter weakness, she explained the...
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i know we got to wait on alibaba. if it's anything close to $150 billion or above, i look at what yahoo owns out of that, i think there's great opportunities. >> energy stocks, is it too late for you to get in. opening up the play book for us. stay tuned. >>> s&p up above 6%. looks like investors may final have the appetite for the sector. but dennis says you should be selling any sparks you see. joining us is dennis. great to see you. >> always good to be seen. >> it's interesting because on a day like today we had wti below and exxon mobile hitting a 52-week high. how do you think how the stocks are doing? >> quite well compared to the price of oil. there's plenty of oil around and i wouldn't be surprised if we see the united states government very soon move to sell some crude oil from the spr because that's its only weapon it has to take on the russians. obviously, we're not going to get any help from the europeans with further sanctions. the only thing we have is the weapon of the spr. i think crude oil prices are
i know we got to wait on alibaba. if it's anything close to $150 billion or above, i look at what yahoo owns out of that, i think there's great opportunities. >> energy stocks, is it too late for you to get in. opening up the play book for us. stay tuned. >>> s&p up above 6%. looks like investors may final have the appetite for the sector. but dennis says you should be selling any sparks you see. joining us is dennis. great to see you. >> always good to be seen....
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agreed to vote their shares in favor of alibaba board members. does that signify they completely trust jack and there are not lingering issues between them? verify. and we will use the ronald reagan cold war notion there. what we see is these guys have an interest in getting the deal out and getting liquid in the stocks. they want this to proceed without hiccups. they had a meeting of the minds to get the deal out. we will see if they eventually want to sell or if there are secondaries involved area there are possibilities here. >> all right. our editor at large, cory johnson. thank you so much. still ahead, how did an internet search for chinese year launched china's biggest e-commerce company? we will get the story from the e-commerce founder from someone who works with him very closely from the beginning. plus, alibaba watchers will listen to see if the ceo marissa mayer has anything to say about the ipo filing with yahoo! holding a 22% stake in the company. my will speak in new york city at the top of the hour. stay with us for live coverage
agreed to vote their shares in favor of alibaba board members. does that signify they completely trust jack and there are not lingering issues between them? verify. and we will use the ronald reagan cold war notion there. what we see is these guys have an interest in getting the deal out and getting liquid in the stocks. they want this to proceed without hiccups. they had a meeting of the minds to get the deal out. we will see if they eventually want to sell or if there are secondaries involved...
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a successful alibaba i.p.o. could turn that around in terms of sentiment. >> woodruff: paul sweeny with bloomberg, we thank you. >> you bet. >> wooduff: the writing may be on the wall for something that used to be standard fare in our elementary schools. it turns out that the elegant script of cursive handwriting is barely being taught anymore. the newshour's april brown reports as part of our "american graduate project," a public media initiative funded by the corporation for public broadcasting. >> reporter: for centuries, cursive was in elementary education and a crucial tool for recording and preserving history but the slow and steady decline of this handwriting technique can be traced to the 1970s. since then school budgets have gotten smaller and more emphasis is placed on standardized testing and technology in the class ram. in 2010, 45 states in the district of columbia implemented the common core english arts standards, benchmarks that made no mention of cursive whatsoever. >> cursive has been left out
a successful alibaba i.p.o. could turn that around in terms of sentiment. >> woodruff: paul sweeny with bloomberg, we thank you. >> you bet. >> wooduff: the writing may be on the wall for something that used to be standard fare in our elementary schools. it turns out that the elegant script of cursive handwriting is barely being taught anymore. the newshour's april brown reports as part of our "american graduate project," a public media initiative funded by the...
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i believe that was for an alibaba celebration. how has his personality pushed alibaba to the top? my guest joins me now in studio. he has known jack ma for many years. cory here as well. you met jack ma back in the 90's. what was he like? >> just like that. he was singing. [laughter] no, he just has that wacky, larger-than-life image. he has got a powerful sense of something different both in chinese and in english. it is unique that he can communicate effectively in both. >> he has become one of the biggest technology companies in the world. >> when i met him, it was a small apartment with a number of toothbrushes in the apartment. they're basically living the apartment and working around the clock. there was a vision. it was before goldman was about to come in. why are they so interested in this company? it is really because of him. he had a vision. he would talk in a very articulate way and you would feel that he was someone that was special. >> it seems to be a common thing in his life. >> has been an english teacher. he has always been interested in the u.s. and the world, wh
i believe that was for an alibaba celebration. how has his personality pushed alibaba to the top? my guest joins me now in studio. he has known jack ma for many years. cory here as well. you met jack ma back in the 90's. what was he like? >> just like that. he was singing. [laughter] no, he just has that wacky, larger-than-life image. he has got a powerful sense of something different both in chinese and in english. it is unique that he can communicate effectively in both. >> he has...
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owns 23% of alibaba and will sell 9% of that stake in alibaba's offering. exactly how many billions of dollars that will net yahoo! depends on alibaba's valuation and various tax considerations. estimates range from $7 billion to $11 billion. but what will yahoo! do with all that money? ceo marissa meier was asked that very question today at a conference in new york city. she said the company will act as a good steward of capital. >> we had previously sold part of our stake in alibaba and gotten proceeds. we returned some of those proceeds to shareholders, a majority of proceeds went to shareholders, but we did make some smart investments in the company in terms of building out talent, technology, and platforms like tumblr. >> reporter: analyst sas yahoo! could use the capital to pay a dividend or increase its buyback program. that would provide support for the stock price and send a message to investors that their stock is a smart investment. >> it does convey to investors that management, this new management team, is is putting their money where their mou
owns 23% of alibaba and will sell 9% of that stake in alibaba's offering. exactly how many billions of dollars that will net yahoo! depends on alibaba's valuation and various tax considerations. estimates range from $7 billion to $11 billion. but what will yahoo! do with all that money? ceo marissa meier was asked that very question today at a conference in new york city. she said the company will act as a good steward of capital. >> we had previously sold part of our stake in alibaba and...
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unlike alibaba, they're weighed down by cost spending money on delivery and staff, while alibaba makes money on virtual marketplaces. j.d. bets that as more people shop on line the investment and infrastructure will pay off. they plan to build in new york and distribute into smaller cities. come in! so it is 12:30, and only two hours after i placed my order, good-bye, and j.d. wants the service to be this fast all over the rest of the country. for "nightly business report," beijing. >>> and finally tonight, which companies do you think rank highest in terms of global brand value? well, the new study commission by the british advertising giant wpp made a list of the 100 most valuable global brand names. they found that a lot of technology companies have gained recognition and reliability and trust among consumers. so here is the top three, susie, she wanted to read all 100, but top ones, third place, ibm, number two, apple, what is number one now? google. >> and the only non-tech company in the top five? mcdonald's. >> wow, still number one. >> that is "nightly business report," i'm sus
unlike alibaba, they're weighed down by cost spending money on delivery and staff, while alibaba makes money on virtual marketplaces. j.d. bets that as more people shop on line the investment and infrastructure will pay off. they plan to build in new york and distribute into smaller cities. come in! so it is 12:30, and only two hours after i placed my order, good-bye, and j.d. wants the service to be this fast all over the rest of the country. for "nightly business report," beijing....
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that's another big risk for alibaba. as for yahoo, certainly, once we kind of set what this number is, then it becomes, let's not look so much about the valuation of yahoo. but what is yahoo? where is yahoo going? yahoo has had a couple different business models, growth is kind of mediocre in their core business. they're investing a lot in proprietary content, which means their costs will go up. so now we actually go back to, forgetting the valuation of yahoo, we look at, what is yahoo doing? >> we have to figure that out, dan we have to leave it there. we appreciate it. we will tell uma r-- tell you, marissa myers, you will hear from her indirectly. two quick points, who will be the buyers? are there enough stock buyers to absorb another ipo? we have a move moving futures higher than they were. according to numerous reports. vladmir putin spokesman saying he is willing to be more opened to doi log to resolve the ukraine crisis, according to at least one dproup in the region. so some soft or softening comments coming out
that's another big risk for alibaba. as for yahoo, certainly, once we kind of set what this number is, then it becomes, let's not look so much about the valuation of yahoo. but what is yahoo? where is yahoo going? yahoo has had a couple different business models, growth is kind of mediocre in their core business. they're investing a lot in proprietary content, which means their costs will go up. so now we actually go back to, forgetting the valuation of yahoo, we look at, what is yahoo doing?...
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>> alibaba -- >> if you want to invest in alibaba, read the prospectus. it says we could lose control of our chinese assets. >> i just tweeted out your writeup from "the new york times." the link is there. read that. >> should we take uber to skeet shooting? >> i am driving myself. >> breaking news, more m&a. cfrott laboratories buying pharmaceuticals for about $2.8 billion less debt -- plus debt. buying the holding company that holds about 73% of cfr. should add $900 in the first full year -- should add $900 million in the first full year. >> this is "bloomberg surveillance," all our interviews on digital. tom keene and with me is scarlet fu and adam johnson. >> what? teensey-weensy -- tag is about $2.9 billion plus debt, abbott says it should add $900 million in the first year. >> all of this is about money. >> where are you going to put your cash? it is a bubbly market, spend now. pharmaceutical needs growth. it will be a mad dash this year. >> sold in cromwell is the lead attorney on alibaba? >> simpson-thatcher. >> are they doing good legal work? are
>> alibaba -- >> if you want to invest in alibaba, read the prospectus. it says we could lose control of our chinese assets. >> i just tweeted out your writeup from "the new york times." the link is there. read that. >> should we take uber to skeet shooting? >> i am driving myself. >> breaking news, more m&a. cfrott laboratories buying pharmaceuticals for about $2.8 billion less debt -- plus debt. buying the holding company that holds about 73%...
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. >> i think alibaba has a good future in china. investors want to see just how much money each of these entities individually are selling, and how much they're growing. they lumped them in when we got this recent release but i think their future looks bright for now. >> a lot of eyes will be on alibaba. jared leafy, thank you. >> thank you. >> south africans will cast their ballots in the very first election since nelson mandela died. but the majority of voters really don't remember apartheid. coming up we'll take a look at the generation who were born free. >> and we have a look at math. the interesting numbers coming up on al jazeera america. >> polls have closed in south africa in the country's fifth national election since the end of apartheid. the country's institutionalized discrimination came to an end with nelson mandela, south africa's first black president. >> but many don't remember nelson mandela's presidency. they were evethey were either tn not even born yet. >> reporter: some of his friends cannot fight work. the pol
. >> i think alibaba has a good future in china. investors want to see just how much money each of these entities individually are selling, and how much they're growing. they lumped them in when we got this recent release but i think their future looks bright for now. >> a lot of eyes will be on alibaba. jared leafy, thank you. >> thank you. >> south africans will cast their ballots in the very first election since nelson mandela died. but the majority of voters really...
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they'll still have a significant holding in alibaba. perhaps there's a chance they can reduce the tax burden going forward. same thing with the stake in yahoo japan. we value the core business at about four times ebitda, using about a 1.2 billion ebitda number. >>> we'll get you back on, colin and josh. thank you very much. >>> now to the techcrunch disrupt conference. michael, you probably can't hear me, but don't use any four-letter word. he has a propensity to curse. >> are you looking -- have you look at the finalists? >> i haven't had a chance, but i have a bit of time between now and the judging. >> okay. given how busy you are, it's great you always make time for that. >> i love the techcrunch community, i think it's fun toss the startups and new ideas coming, so it's great. >>> okay. let's talk about yahoo. can you tell me what yahoo it? i've done this with previous ceos. it just seems like you're branching into different areas and i'm confused to your mission statement today. >> sure. on a mission level, we want to be the world
they'll still have a significant holding in alibaba. perhaps there's a chance they can reduce the tax burden going forward. same thing with the stake in yahoo japan. we value the core business at about four times ebitda, using about a 1.2 billion ebitda number. >>> we'll get you back on, colin and josh. thank you very much. >>> now to the techcrunch disrupt conference. michael, you probably can't hear me, but don't use any four-letter word. he has a propensity to curse....
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May 23, 2014
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adam: is alibaba more seven thieves than alibaba? >> nothing -- accounting are not transparent because of auditing. >> both nasdaq and new york stock exchange, they have listing requirements. it is not a pass. not a complete pass. i will say this it does matter where they list for the company. you don't want to come out with a lousy listing where if something blows up like what happened with facebook, shares implode. plus it matters from the company from a corporate branding standpoint. which of these places is going to push the shares the most and push the company most? from a company standpoint it is very important. adam: your experience as we wrap up on this discussion, who does that best? nasdaq cleaned up its problem from facebook. >> i don't know. here's the thing i think with duncan neiderauer, this is corporate story with both new york stock exchange and nasdaq. when duncan neiderauer out. with jeff sprecher running new york stock exchange, the ice, intercontinental exchange bought the new york stock exchange, that place is c
adam: is alibaba more seven thieves than alibaba? >> nothing -- accounting are not transparent because of auditing. >> both nasdaq and new york stock exchange, they have listing requirements. it is not a pass. not a complete pass. i will say this it does matter where they list for the company. you don't want to come out with a lousy listing where if something blows up like what happened with facebook, shares implode. plus it matters from the company from a corporate branding...
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alibaba and yahoo! are joined at the hip right now. it ise level, whether historic performance of dual class shares or the notion that the shareholders will not fully have control the company they own, there is additional risk with a listing like this. it will be more difficult for alibaba to go public. >> what are you hearing from potential investors? how do they feel about this structure and is it going to deter them from investing? >> on the one hand, you have the investors who are growth oriented and say i don't air what the corporate governance structure is print look at the returns from google and the returns from facebook. i am in it for growth and growth alone. then you have the other side, people who like to dig deep and look into these companies and some investors say they are concerned about the transparency and this is just one other aspect that is a red flag. >> how do you see alibaba faring in the current and byron at? we have seen a selloff in tech stocks. are they immune to that? there is going to be so much in its fili
alibaba and yahoo! are joined at the hip right now. it ise level, whether historic performance of dual class shares or the notion that the shareholders will not fully have control the company they own, there is additional risk with a listing like this. it will be more difficult for alibaba to go public. >> what are you hearing from potential investors? how do they feel about this structure and is it going to deter them from investing? >> on the one hand, you have the investors who...
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. >>> the buzz about the alibaba ipo next. when the satellite provider checked his credit, he found out his daughter didn't pay her bills. but he's not worried. now he checks his credit report and score at experian.com, allowing him to keep track of his credit and take a break of his own. experian. live credit confident. but do you really? [ female announcer ] neutrogena® makeup remover erases 99% of your most stubborn makeup with one towelette. can your makeup remover do that? [ female announcer ] neutrogena® makeup remover. dog: get four years dog: get four years interest-free financing on the entire tempur-pedic cloud collection. get a queen size sealy gel memory foam mattress for just $497. don't miss the memorial day sale. >>> welcome back to cnn newsroom and the investigators say the passenger ferry that sank last month off of south korea was carrying too much cargo, more than twice the limit and it wasn't properly secured. that may help explain why the ship listed and then sank leaving 269 people dead and 33 still mis
. >>> the buzz about the alibaba ipo next. when the satellite provider checked his credit, he found out his daughter didn't pay her bills. but he's not worried. now he checks his credit report and score at experian.com, allowing him to keep track of his credit and take a break of his own. experian. live credit confident. but do you really? [ female announcer ] neutrogena® makeup remover erases 99% of your most stubborn makeup with one towelette. can your makeup remover do that? [...
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yahoo has a very good stake in alibaba. what do investors in yaw hoon need to know about alibaba. >> once thing that yahoo shareholders will going to want to know is what is yahoo! going to do with the proceeds? whatever it's priced all clearly there would be a lot of cash raised. so shareholders want to know what percentage will be returned to them and what percentage will go for operating expenses and for future acquisitions, probably the single-most important issue. >> what is their tax liability? do you know? yahoo's, that is. >> pretty high. jerry yang is probably the is thisle best investor in internet land in the five 15 years. this el into ultimate in as an extremely low valuations versus what is reported to be today's valuation, so yes, significant tax liabilities associated with it. >> let's move to some of the stocks you follow, most especially in the social media area, like twitter, facebook, you have an underperform on groupon, but let's talk a bit about twitter and what's been happening to it. has it been unfa
yahoo has a very good stake in alibaba. what do investors in yaw hoon need to know about alibaba. >> once thing that yahoo shareholders will going to want to know is what is yahoo! going to do with the proceeds? whatever it's priced all clearly there would be a lot of cash raised. so shareholders want to know what percentage will be returned to them and what percentage will go for operating expenses and for future acquisitions, probably the single-most important issue. >> what is...
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here's why, alibaba -- everybody loves alibaba right there. huge. but this is a little more like an amazon play. jd's got, let's see, 323.3 million orders, 86 warehouses in 36 cities in china, more than 24,000 train delivery staff. they actually deliver their own orders there. that's hard to build, and they've got this extended network. plus they just did this deal a few days ago with 10 cent, alibaba's archenemy, where they'll get prime placement on the web properties. they also get some web properties. so it's like ten cent arming the smaller competitor to alibaba that has logistics infrastructure, and this one might get ignored in all of the alibaba hype. so it could be a value. >> the negative thing investors feel about the companies that actually have to handle products is there's a thing they have to deal with as opposed to being a marketplace or ad platform like alibaba is. they tend to get a lower multiple. if you look at amazon, amazon trades at about, you know, 1.8 times revenue. and at this price, if j.d. opens around $22, it would trade
here's why, alibaba -- everybody loves alibaba right there. huge. but this is a little more like an amazon play. jd's got, let's see, 323.3 million orders, 86 warehouses in 36 cities in china, more than 24,000 train delivery staff. they actually deliver their own orders there. that's hard to build, and they've got this extended network. plus they just did this deal a few days ago with 10 cent, alibaba's archenemy, where they'll get prime placement on the web properties. they also get some web...
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. >> tim, it's all about alibaba. after months of speculation, china's e-commerce giant is going public. sells up to $20 billion worth of shares. could be the biggest ever tech company debut in history. but what does it mean for the tech world? what's alibaba going to do with all that money? >>> hello. it is midday here in london. 5:00 a.m. in washington. 6:00 p.m. in bangkok where a new political crisis threatens to engulf the country. thailand's constitutional court has ordered yingluck shinawatra, the prime minister, to stand down. announced on live tv, the court found the 46-year-old sister of billionaire former leader thaksin shinawatra guilty of violating the constitution and abusing her power. several other members of her cabinet are also implicated in the case. and they have been ordered to resign. the bbc's jonathan head reports from bangkok. >> reporter: this is becoming something of a fixture in thai political life. the country's top court ruling to oust a prime minister. the judges offered a long explanati
. >> tim, it's all about alibaba. after months of speculation, china's e-commerce giant is going public. sells up to $20 billion worth of shares. could be the biggest ever tech company debut in history. but what does it mean for the tech world? what's alibaba going to do with all that money? >>> hello. it is midday here in london. 5:00 a.m. in washington. 6:00 p.m. in bangkok where a new political crisis threatens to engulf the country. thailand's constitutional court has ordered...
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owns i think it is 26% of alibaba right now? >> stake alibaba has. softbank with 3%. jack ma the cofounder has about 7%. a lot of companies stand for major upside once the stock starts to trade. a lot of analysts say yahoo! is undervalued given the sum of its parts including that 24% stake in alibaba. they will sell off some of that, cheryl as the company ipos. cheryl: you know this company so well. so the 2013 net income, coming in $1.39 billion. i don't know if that number surprises you or not, jo ling. we're so curious about the company, what the breakdown of it is. do you think that will be important as we move forward and talk about this company? >> yeah. every single piece of information we're getting out of that file something really critical to analyzing the company because we haven't really had that much financial information on it. there was a filing in hong kong a while ago when they listed there for a short while. that information is very much out of date. we know revenue is up 66% year-over-year, according to yahoo! earnings. we're also seeing now that th
owns i think it is 26% of alibaba right now? >> stake alibaba has. softbank with 3%. jack ma the cofounder has about 7%. a lot of companies stand for major upside once the stock starts to trade. a lot of analysts say yahoo! is undervalued given the sum of its parts including that 24% stake in alibaba. they will sell off some of that, cheryl as the company ipos. cheryl: you know this company so well. so the 2013 net income, coming in $1.39 billion. i don't know if that number surprises you...
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and alibaba is expected to file in a few hours. and how amazon and ebay can compatriot china's e-commerce giant. i will be back in two. ♪ >> today is the ten-year anniversary of greenhill's ipo. taking it in public was a noble idea but since then we have seen public.e all going for a look at the rights of the boutique investment bank shop, i am joined by scott bok. great to have you. this seems to be a real shift. cristina alesci and i'm talking about all of the deal activity we are saying. we are not seeing in terms of mergers because nobody wants to be too big. what is the problem with the one-stop shopping right now? that credit has become a commodity. if you want to borrow money, you can do it from a lot of places. a bank no longer can say higher mean is your divisor. --is a conflict of their advisor.me as your >> is there a conflict there? >> it is not always getting a dvice is a conflict of interest, but it can become one. when the downturn began, there were a lot of pending loans on deals and suddenly the bank did not want
and alibaba is expected to file in a few hours. and how amazon and ebay can compatriot china's e-commerce giant. i will be back in two. ♪ >> today is the ten-year anniversary of greenhill's ipo. taking it in public was a noble idea but since then we have seen public.e all going for a look at the rights of the boutique investment bank shop, i am joined by scott bok. great to have you. this seems to be a real shift. cristina alesci and i'm talking about all of the deal activity we are...
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alibaba and yahoo! are joined at the hip. investors would think at some level, historic performance of dual class shares or the notion that the shareholders willfully have control of the company they own, there is additional risk with a listing like this, it's more difficult for them to go public given their adding this risk to the company. >> leslie, what are you hearing from potential investors, how do they feel about this structure and is it going to deter them from investing? >> so i hear two sides from jefferson. on one hand, you have the investors who are growth oriented and say i don't know what the corporate governance structure is. look at the returns i have gotten from google and facebook. i'm in it for growth and growth alone and capital gains. you have the other side, the people who like to dig deep and look into these companies. some investors tell me they're concerned about the transparency related to alibaba. this is one other aspect that is kind of a red flag to them. >> cory, how do you see alibaba faring in
alibaba and yahoo! are joined at the hip. investors would think at some level, historic performance of dual class shares or the notion that the shareholders willfully have control of the company they own, there is additional risk with a listing like this, it's more difficult for them to go public given their adding this risk to the company. >> leslie, what are you hearing from potential investors, how do they feel about this structure and is it going to deter them from investing? >>...
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as a proxy for alibaba. for them the question is whether you stick with marissa mayer or sell and just own alibaba instead. guys, back to you. >> thank you, josh. for more now on what alibaba's ipo filing does mean for yahoo! and marissa mayer's reign as yahoo! ceo let's bring in our guests. welcome to you both. >> good to see you both. >> nick, what was your takeaway? did you learn anything from the interview? >> interesting, she talked about spending the money and that's going to be the big question obviously going forward. she didn't give a lot of secrets about where she's taking this thing. >> you're the resident bull. >> bullish. >> on marissa mayer. coming up on her two-year anniversary at the company in july. look at a two-year chart, it seems the market has been pleased, or is this a proxy for alibaba? >> that's the question, right, how much goodwill does marissa mayer contribute to the share price and she has had stink on them and once you get the stink on you it's very hard to shake that but yahoo!
as a proxy for alibaba. for them the question is whether you stick with marissa mayer or sell and just own alibaba instead. guys, back to you. >> thank you, josh. for more now on what alibaba's ipo filing does mean for yahoo! and marissa mayer's reign as yahoo! ceo let's bring in our guests. welcome to you both. >> good to see you both. >> nick, what was your takeaway? did you learn anything from the interview? >> interesting, she talked about spending the money and...
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May 29, 2014
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alibaba surpassed. okay. the combined profit by amazon and e-bay versus alibaba -- e-bay and amazon versus alibaba. alibaba again surpassed. both trending volume, and profit and gross rate is much, much higher. and the combining those two companies of amazon and e-bay is $200 billion in market cap. so, you put the price tag on alibaba by yourself. >> talk about an executive who has an economy of words, liz. what was the takeaway from what he said not just about alibaba but evaluations in general. >> and he was fun speaker. he talked how he's pro net neutrality. alluded a lot to interest of buying. he made a compelling case, i think, for the value of that business and auth message that isn't always communicated so directly by somebody who is involved. >> his statement, jon, was something the evaluations are big but the profits are big too and people have gotten smarter. >> he's a boss. let's face it. i got a chance to talk to him a little bit outside of the conference. he'll make tens of billions of dollars mo
alibaba surpassed. okay. the combined profit by amazon and e-bay versus alibaba -- e-bay and amazon versus alibaba. alibaba again surpassed. both trending volume, and profit and gross rate is much, much higher. and the combining those two companies of amazon and e-bay is $200 billion in market cap. so, you put the price tag on alibaba by yourself. >> talk about an executive who has an economy of words, liz. what was the takeaway from what he said not just about alibaba but evaluations in...
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what does it all mean ahead of alibaba's ipo next. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. . >>> retailer jd.com soaring after pricing higher than expected last night. meantime it's chinese internet counterparts plummeting more than 10% apiece. joining us asset senior management analyst. let's talk about jd. at this valuation, even at the top, just 19 bucks a share, the price last night. it was more expensive on a price of sales basis using sales from 2013 than amazon.com. is that fair? >> yeah. i think the valuation was fair because jd.com is going to grow at fast rates for the foreseeable future. i think they grow around 70% this year in 2014 which means their enterprise value to sales ratio is 1.2 times. i think some discount
what does it all mean ahead of alibaba's ipo next. (vo) rush hour around here starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. . >>> retailer jd.com soaring after pricing higher than expected last night. meantime...