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Pickard. In san francisco, cory johnson. He has been digging deep into the filing. Also, gordon chang. Before we get started, i want to take a closer look at alibabas is this by the numbers. Business by the numbers. Leslie pickard is here with the details on my po. You have gone through the whole filing. What is different about this . Is a massive company. They talk about their ecosystem, maintaining their culture. Carehave taken a lot of and time to put this perspective together. They are trying to exemplify what this company is for american investors who do not use ali baba. They have taken a lot of care to lay out what their business is, how they monetize, and how they make money. Much are not sure how theyre going to raise. They have a billiondollar placeholder for now. Correct. The placeholders dont necessarily mean anything. Theyre just used for placeholder purposes. Market value right now, my estimate, it is at 168 billion. We are told by sources it should come out around that r

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