stores and reorganizing corporate offices and revamping its technology following the purchase of a swiss drugstore chain. ali baba founder, jack ma. is expanding into the health care market, moving its online pharmacy business into a publicly traded affiliate. today's deal years the company to move into prescription drug sales if it is permitted by the chinese government. and other chinese tech company is doing expanding of its own -- they have launched a new service that lets chinese consumers by foreign products that might not be available on the domestic market by expanding deliveries expediting deliveries through china's free trade zone. the service gives international suppliers a chance to sell to china without having to establish a formal presence -- formal presence there. they have seen their value soar like other chinese internet companies. some relations have lived -- have risen 220 times the reported profit. compare that with 156 -- the price to earnings ratio of u.s. tech stocks when the nasdaq peaked in 2000, the year of the. -- year of the dot com bubble. my guest has been i
later this year, swiss luxury watchmaker will start making its own smart watch developed in partnership with google and intel. this watch will sell for about $1400, more expensive than apple sport. its battery lasts about 40 hours. thislet's head back to san francisco with a bloomberg businessweek design conference is underway. cory johnson is standing by. cory: yes, i an. m. robert brunner is here from a firm called ammunition. the notion of the importance of design in business -- i wonder if you can talk about that. are business is being led by design as opposed to putting design on top of what is already being done? robert: the old model was designed by something that happened in the process. it was manufactured afterwards. today, it is more design is the topic of conversation from the very beginning as to what some they should be to how it is made. all of those things. all of that should be designed. the really great companies that understand -- cory: the conversation starts earlier? if somebody says if i had a widget to solve the problem and it looks great or is it more looking gre
stores revamping its technology following it's purchase of the swiss drugstore change. >> alibaba founder is expanding further into china's healthcare market. they are moving the pharmacy business into a publicly traded area. they are currently limited to selling over the counter medicines but today's deal prepares the company to move into prescription drug sales in and when permitted by the government. >> the on line retailer j.d..com has launched gd worldwide that let's consumers buy foreign products that may not be available on the current market by expedited deliveries. the new service gives international suppliers a chance to sell to china without establishing a formal presence there. they've seen the value sore much like other companies leading the country's market surge. some company evaluations have risen to 2 to fimes their reported profits. compare that number with 156 of u.s. tech stocks when the nasdaq peeked in 2,000. what should we make of these numbers? are we seeing a bubble in the making in china. have you been in china for many years, what do you think we're seeing now?
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