Alibaba Takes On Netflix and HBO: Can They Compete?
Alibaba is planning to build China’s version of Netflix and HBO via a new service called Tmall Box Office, as it tries to service 600 million families craving more entertainment content. Bloomberg's Emily Chang has more on "Bloomberg Markets." (Source: Bloomberg)
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ADP Falls as Ackman Says Shares Could Double by 2021
21:00 - Activist investor Bill Ackman said Automatic Data Processing Inc.’s "buy not build" strategy has riddled the company with inefficiencies that, if fixed, could more than double the value of the company within four years. Bloomberg's Simone Foxman has more on "Bloomberg Markets." (Source: Bloomberg)