:00:00. > :00:00.AstraZeneca by its US rivals Pfizer. The American company has been warned
:00:07. > :00:12.not to use the UK as a tax haven. Now on BBC News, all the latest
:00:13. > :00:23.business news live from Singapore. Could it be the biggest stock market
:00:24. > :00:26.listing in history? Alibaba seeks billions from investors.
:00:27. > :00:43.Could Indonesian coffee become less available to foreigners?
:00:44. > :00:48.Welcome to Asia Business Report. I'm Rico Hizon. Starting with China's
:00:49. > :00:52.Alibaba. It has filed for a share sale in the US, which could make it
:00:53. > :00:55.as much as $15 billion. In initial stages of the filing, it hasn't
:00:56. > :00:59.specified how much stock will be sold or at what price. The online
:01:00. > :01:02.shopping giant operates a network of e`commerce services and brings in
:01:03. > :01:13.more money than Amazon and eBay combined. But how well known is
:01:14. > :01:17.Alibaba in the US? To give you an idea of how much
:01:18. > :01:20.interest it is already building, Yahoo has a 40% stake in Alibaba and
:01:21. > :01:29.investors are buying shares in Yahoo just to have some of its shares in
:01:30. > :01:33.Alibaba. There is already quite a bit of interest, despite the fact
:01:34. > :01:38.that it might not be as well`known and amongst regular kind of
:01:39. > :01:42.investors. ``kinds. The one thing that might hold investors back in
:01:43. > :01:45.the US is the complex web of businesses. That might deter some
:01:46. > :01:53.investors. $1 billion, US, is that realistic? It is probably going to
:01:54. > :01:56.be more than that. The $1 billion is really just a placeholder, a number
:01:57. > :02:12.they have to put. But most people believe they can raise anywhere from
:02:13. > :02:15.$15 billion ` $20 billion. If they accomplish that, it would beat
:02:16. > :02:19.Facebook's IPO. They decided to file in the US rather than their home
:02:20. > :02:30.base. Why? The United States allows for more control. That's what
:02:31. > :02:32.executives want. Alibaba proposed something different. Their
:02:33. > :02:35.shareholders, 20 members of the executive team, are able to vote on
:02:36. > :02:45.the people who are part of the board. That wasn't going to fly with
:02:46. > :02:49.regulators in Hong Kong. But it's something that was accepted here in
:02:50. > :02:52.the US, which is why they decided to list in New York. Now to a
:02:53. > :02:59.marketplace which facilitates consumer to consumer online
:03:00. > :03:06.shopping. Our team in China that with a user who set up her own
:03:07. > :03:09.business through this online portal. It is the supreme shopping platform.
:03:10. > :03:18.There is almost nothing you can't buy on it. People call me Lunar Mum
:03:19. > :03:25.on internet. I sell maternity and infant products. It was hard at the
:03:26. > :03:30.beginning. Every day I wouldn't finish before midnight and I had to
:03:31. > :03:37.look after my baby as well. Now I have eight staff, divided into
:03:38. > :03:42.morning and evening ships. ``shifts. I even have customer service and a
:03:43. > :03:46.graphic designer. We chat to customers online before finalising
:03:47. > :03:49.the orders. In the afternoon, we start sorting the goods according to
:03:50. > :03:56.orders. We pack them into parcels for the delivery men. When I
:03:57. > :04:03.started, I made 10,000 yuan every month. Now the income is 40 times
:04:04. > :04:08.that. All young people now shop online. Even older people are
:04:09. > :04:25.joining the trend. The website has transformed my life. I believe its
:04:26. > :04:37.influence is only going to increase. The successful user.
:04:38. > :04:43.China tries to rebuild its dairy industry. Demand for imports soared
:04:44. > :04:46.after the milk scandal of 2008 with authorities trying to help local
:04:47. > :04:51.producers claw back market share from suppliers in New Zealand,
:04:52. > :04:55.Australia and Europe. Stopping imports from producers who aren't
:04:56. > :05:00.registered with them. New Zealand is a major exporter of milk formula to
:05:01. > :05:03.China. I spoke to the head of a trade in Auckland and asked how this
:05:04. > :05:09.would affect his industry. Each year it is about 200 million New Zealand
:05:10. > :05:15.dollars of infant milk formula at the moment. This is a rising market
:05:16. > :05:20.for New Zealand with our free trade agreement signed in 2008. It is a
:05:21. > :05:25.part of our market that is growing and a part of the market that
:05:26. > :05:31.entrepreneurial companies have taken a share of. Of course now, the
:05:32. > :05:35.market is at risk. According to the control, suppliers have to be
:05:36. > :05:40.approved by mainland authorities and according to estimates, only six of
:05:41. > :05:46.the 30 suppliers were approved. How do you think this could impact in
:05:47. > :05:53.terms of production and revenues in the New Zealand baby formula
:05:54. > :06:04.market? What we will see is the initial audit covered the eight of
:06:05. > :06:10.30 companies. What we will see is pressure put on the brand holders,
:06:11. > :06:14.because, for some reason, the Chinese are looking at the brands
:06:15. > :06:17.and are looking to have the brands reduced. Whereas, from the New
:06:18. > :06:23.Zealand market I think they should look at the quality of the product
:06:24. > :06:27.being supplied. That will give accountability to consumers in the
:06:28. > :06:37.China market. There is no need to exclude part of our supply chain. It
:06:38. > :06:42.has been billed as one of the most high profile cases in Vietnam, an
:06:43. > :06:45.appeal will be ruled today for two sentenced to death for embezzlement.
:06:46. > :06:50.Both worked for a state`owned shipping company. The man on the
:06:51. > :06:54.left is a former chairman and the right is the company's general
:06:55. > :07:01.director. They were accused of siphoning half $1 million. I ask how
:07:02. > :07:08.this could affect investment in the country. Last year, Vietnam held an
:07:09. > :07:14.estimated 300 corruption trials are including this trial. And, a
:07:15. > :07:20.majority related to state`owned prices, showing immense problems
:07:21. > :07:23.within the state sector. That is what the foreign investors are
:07:24. > :07:26.worried about. They are worried about the lack of transparency and
:07:27. > :07:34.the lack of government rules and the rule of law. Without fundamental
:07:35. > :07:37.changes within the system, it is clearly politically motivated
:07:38. > :07:43.changes, I don't think it would be possible for the Vietnamese
:07:44. > :07:48.government to fight corruption. Foreign investors are aware of that.
:07:49. > :07:58.They demand something to happen within the system to make their life
:07:59. > :08:02.easier within Vietnam's. `` within Vitenam. If it is breakfast where
:08:03. > :08:06.you are watching, you might have had your first couple of coffee or at
:08:07. > :08:09.least he might be thinking about it. But do you know where it comes from?
:08:10. > :08:12.Indonesia is the world's fourth largest coffee producer and in the
:08:13. > :08:15.past is exported almost all of it. Now, Indonesians are demanding
:08:16. > :08:16.better coffee and that is expected to put a shotgun exports. Afternoon
:08:17. > :08:19.coffee. It is fast becoming Indonesia's
:08:20. > :08:23.pastime. This couple opened this shop last year. She admits business
:08:24. > :08:31.is slow but she is confident that the future is bright. Older
:08:32. > :08:34.generations like my father or uncle, the way they drink coffee, they just
:08:35. > :08:37.drink the popular Indonesian instant coffee or they just put water over
:08:38. > :08:46.the ground coffee and they drink the sediment. Now, the young generation
:08:47. > :08:53.drinks espresso, cappuccino. This is where all of that coffee comes from.
:08:54. > :08:55.These are unprocessed coffee beans. In the past, Indonesian farmers
:08:56. > :09:00.would pick the beans indiscriminately. It is faster but
:09:01. > :09:06.the result is a lower quality coffee. Now, it pays to pick only
:09:07. > :09:11.the best beans. This man has been a coffee farmer for more than 20
:09:12. > :09:14.years. He first learned about the plant on his grandmother's farm.
:09:15. > :09:17.But, until recently, nobody taught him how to produce high`quality
:09:18. > :09:23.coffee. He is all smiles while picking the best beans. TRANSLATION:
:09:24. > :09:26.I used to sell one kilogram of regular quality coffee beans. For
:09:27. > :09:27.the superior quality, people are willing to pay almost three times
:09:28. > :09:44.the price. The best Indonesian coffee used to
:09:45. > :09:51.be mainly for exports. This exporter sells specialty coffee, the highest
:09:52. > :10:02.in the trade, locally and overseas. The majority will be local. Locals
:10:03. > :10:05.will consume it. Mid to upper class. We do not expect foreigners, because
:10:06. > :10:14.our biggest market is our growing mid`upper`class. But the bulk of
:10:15. > :10:17.Indonesian coffee still has to go overseas for some time as it had
:10:18. > :10:19.enough demand in the country. But farmers are increasingly setting the
:10:20. > :10:40.price for the popular commodity. Thank you for investing your time
:10:41. > :10:43.with us. The sport is up next. The top stories this hour: Eight more
:10:44. > :10:49.schoolgirls have been abducted in Nigeria. The US is sending a team to
:10:50. > :10:52.help the Nigerian government find the hundreds now missing.
:10:53. > :10:53.As Russia rejects plans for new talks over Ukraine, NATO