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
we would like to thank the swiss government for its generous support in hosting this negotiation. and on behalf of me personally and everybody, we thank all of the media around the world for having followed our work and somehow also having worked with us over this difficult, but intense and positive week. thank you. >> good evening to all of you. let me also join in thanking both the swiss government and the distinguished members of the press and media for actually trying to work with us over the last several weeks, and trying to help us in getting the world to know what was going on. as our tradition has been, i will read the same statement that m mrs.ogherini read out to you in farsi. you do not need an interpretation. it will be the same statement. [speaking farsi] [speaking farsi] [speaking farsi] cory: i'm talking to her cook at the white house. we have a response from israel already. peter: that's right, we've already heard criticism from benjamin netanyahu, and not a total surprise. he of course, has been critical of these negotiations and the emerging agreement when he cam
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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