Alibaba’s strategic spending in US

Global Business

Alibaba is huge in China but it’s also starting to make waves in Silicon Valley as an investor in many of the U.S.’s hottest tech startups. Experts say its U.S. investments are vital to its strategy to become the world’s top e-tailer. CCTV America’s Karina Huber reports.

Follow Karina Huber on Twitter @kkat31

CCTV Ameirca invited Danielle Bailey to talk about Alibaba’s expansion plans in Europe and U.S. He is research director at L-Two, a business reseach firm with a focus on branding.

For more information about what Alibaba is, what it does and how consumers can use it, CCTV America’s Owen Fairclough reports.