FIRST AIRED: May 23, 2017

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00:00:00
nndb what is Ali Baba doing that but many investors are asking a year after the Chinese dot com giant landed on wallstreet with a big IPO in history it's been snapping up investments from online video sites to pharmaceuticals to robotics even have a football club where all cartoon aging says the company has forked over sixteen billion dollars in the past two years alone to a lot of investors burned people who watch the company , that's kind of puzzling because all of these don't seem to make sense in terms of Ali Baba's core business , now Ali Baba's number two executive vice chairman Josias told us last week that they have a strategy and , but that doesn't necessarily convinced everyone , critics say Ali Baba and just throwing money at the wall to see what sticks of China's online shopping market slowly after trying to respond to challenges from new rival the biggest threat Beijing based JD dot com which somehow compared to Amazon with its focus on quality products and speedy delivery Alibaba now trying to beat them at their own game Alibaba focus right now as it tries to move up the value chain and appeal to the consumers in China or concern about high quality product is bringing in international brands international product and really %HESITATION picked him names whether it's someone like uniqlo coach with Dara multiple fashion brands slapstick kind of market I'm going for especially with the added threat and JD dot com which is also gunning for aftermarket , not everyone including doom about the company's prospects that shares which don't seventy five percent in the first two months of trading recently slipped below their IPO price money magazine Berenstain they can drop another fifty percent