Sales on the first day and its one of the most expensive video games ever. Intel is holding its Developer Forum in San Francisco. We are live at the event with the very latest on their new products including what they hope our cuttingedge wearables that can be worn everywhere from the golf course to your surfboard. Perhaps the most important product at apple that they introduced is not a smart watch or iphone but apple pay which tim cook says will forever change the way we buy. It will store credit card information on the iphone and allow users to pay for items by holding the phone next to a reader. You can just wave your wrist of youre wearing a watch. Apple has lined up 220,000 retailers along with visa, mastercard, American Express and they claim the product is more secure than a traditional credit card. How does it work . Is it a game changer and can apple succeed in a business where other tech giants like google have not . Is our guests to talk about it. Gentlemen, thank you for j
Range. Companys roadshow is here in San Francisco today. We are learning more about the tense relationship between Tech Companies and the nsa. Court documents say the government threatened to fine yahoo 250,000 per day if it did not turn over user data. Apples biggest iphone appears to be off to a hot start. To the apple website the device is on backorder and isnt expected ship expected to ship for another three weeks. In addition apples website had some issues due to all the traffic. One user tweeted to me not everyone having problems. Apple facing a supply chain problem or is it a way to drum up demand . Joining me as cory johnson. Is this a marketing stunt or do they have supply issues here . Every time they come out with an iphone this happens. This is the way they probably wanted it to play out. Would be a disaster if it were two or three months. Is this an indication the six plus is going to be the most popular phone . Them all without a doubt people want a larger phone. If you t
Roughly 80 of ali babas revenue comes from chinese chinese computer sites. Does alibaba work and is the process similar to buying . Omething on amazon and ebay sam, i know you like your pants. 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. The basisiggest of alibaba. Com, connecting buyers all around the world with an equal number of manufacturers around the world to give them what they want. Manufacturers, i had to create a buying request, thatm that is a form describes what i want. I had reports from china and pakistan and the czech republic. To whittle it down to my first ditched any replies from companies that were not only well as gold suppliers. The remaining companies, i judge their responses on basis like price and delivery times, but also on how well written their responses were. And other things, like whether they included a ensure of some things. It is a little like online dating. Ult
Mandarin]ng to make the Partnership Work it was critical to smooth and integrate yahoo china under ali babas management. We chartered a transfer to bring yahoo china to visit their new national headquarters. It didnt take long before we realize that the two teams have very different cultures. Seemedinas team weary of Management Changes and seem to think that getting taken over by a local company was a step down. The two teams didnt mix well. And other important challenges getting government support. Jack that with local government leaders to explain the benefits they would bring. Have earned the support of local government over the years because, at an ecommerce company, alibaba was seen as a giant. [speaking mandarin] with the government embracing the partnership, we received an important green light. We learned that when we acquired yahoo china we also acquired up local hot potato. Severals broke that years earlier yahoo handed email information about a chinese political dissidents t
First, i want to talk about what is happening here. I want to bring in leslie picker, who has been on the floor with me every day leading up to this idea. We also have one of the earliest investors in alibaba. Cory johnson is an San Francisco. Leslie, i will start with you. Does this mean they let multibillions on the table . I was watching the price discovery process happen and i was with some of their underwriters going that was higher than we expected. Saw this coming. People thought maybe 85 on the first day, not this. This is pretty high. Especially on such a big deal. If you are a big mutual fund and you take a billiondollar stake in this company, look at what you have made in one day. Ipo, not just 100 million where you have a Million Dollars here, trading up 75 . These are big gains for those investors and money left on the table for the company. Still the largest ipo in u. S. History. Any concern that money was left on the table today . I think the successful ipo is somewhere