that is ahead on bloomberg west. first to our lead, we are talking about alibaba. alibaba folding its company, 11 main into another company called open sky. this is their initial foray into u.s. e-commerce. so far it looks like it has not worked out. joining us right now is the ceo and cofounder as well as jeff richards, i know that you guys work closely with alibaba. jeff, i like to shop i have never used 11 maine. it was only around for one year did it just have zero traction? i don t think it has zero traction, but it never really took off and had no marketing muscle behind it. it was mostly set up as an experiment for them to learn and put together a team that could work with vendors inside the u.s. and overtime did not get a lot of attention. hence the fact that you never shopped on the site. emily: brian, how would you evaluate this? a failure? ryan: at the end of the day it is not a failure and obviously it is not a success. i would say that it is a learning experi
that is ahead on bloomberg west. first to our lead, we are talking about alibaba. alibaba folding its company, 11 main, into another company called open sky. this is their initial foray into u.s. e-commerce. so far it looks like it has not worked out. joining us right now is the ceo and cofounder as well as jeff richards, long time investors in china. i know that you guys work closely with alibaba. jeff, i like to shop, i have never used 11 maine. it was only around for one year, did it just have zero traction? i don t think it has zero traction, but it never really took off and had no marketing muscle behind it. it was mostly set up as an experiment for them to learn and put together a team that could work with vendors inside the u.s. and over time probably didn t get a lot of attention. hence the fact that you never shopped on the site. emily: brian, how would you evaluate this? a failure? an evolution in strategy? ryan: at the end of the day it is not a failure and obv
it might be just extraordinarily difficult thing. and it might bejust be on us but if extraordinarily difficult thing. and it might be just be on us but if you look at the votes, we had a very high vote last year in east londonderry, the highest ever in assembly election, and we exceeded that again, another moo on top of last year, in the face of the daily onslaught every day since early december. it was an exceptional result in both constituencies in the north west. result in both constituencies in the north-west. as far as the overall picture is concerned, we have heard from your colleagues, arlene foster is underan from your colleagues, arlene foster is under an enormous amount of pressure but if you come back with around 30 seats and your vote is up around 30 seats and your vote is up a little bit and your share is up, 1.196, a little bit and your share is up, 1.1%, it will not necessarily be far from a bad day at the office for the dup? what happens after that? well, tha
to balance the books. expect action when philip hammond unveils the contents of the famous red briefcase next wednesday. it has been a big day in northern ireland, results being declared in the northern ireland assembly election. these were pictures from earlier, 7a seats declared not long ago, sinn fein and the dup polling strongly. one developing piece of news, as a result of his party not looking like it will do so well, the ulster unionist party debt mike nesbitt has announced that he will resign leader. he felt he had to ta ke resign leader. he felt he had to take responsibility for the rejection of his party s message and what had happened. the election was called after sinn fein withdrew from the power sharing executive in january. that is all from me, we re now going tojoin january. that is all from me, we re now going to join a special election programme presented by my colleagues. they have reporters at every cou nt colleagues. they have reporters at every cou
a showdown between the warriors and the cavaliers. the warriors won the series last year and are defending their title. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. from the bloomberg news room, i am mark crumpton. bloomberg west is next. cory: i m cory johnson, in for emily chang. right sharing startups are duking it out globally. uber announced a $3.5 billion injection from the saudi sovereign wealth fund. we will catch up with lyft s chief business officer. he st moneys tells us why betting big on tech renewables. fox takes a beating, shares down the most in four months despite a strong sales number last quarter. what happened? the company ceo joins us to discuss. billion of new money has been invested in the right sharing industry since the start of 2016. this week we learned the saudi sovereign wealth fund is writing $3.5 billion,or and there is more to come. uber s biggest rival in china says it is close