0:00:00 > 0:00:03against some of its workers in Haiti.
0:00:04 > 0:00:09Now on BBC News, all the latest business news live from Singapore.
0:00:19 > 0:00:25His team mix business with politics? Donald Trump Jr visit India. -- is
0:00:25 > 0:00:36he mixing. A look at how Chinese Internet giant Alibaba has turned a
0:00:36 > 0:00:42little-known Chinese city into a start-up capital. It is Wednesday,
0:00:42 > 0:00:48everyone. Good morning, Asia, hello, world. Magic a drone is this midweek
0:00:48 > 0:00:52edition of Asia Business Report. I am Rico Hizon. We start off with the
0:00:52 > 0:01:00US President's Summit, Donald Trump Jr, he will be talking with buyers
0:01:00 > 0:01:05of Trump branded apartments. Could XA he is cashing in on the
0:01:05 > 0:01:09President's name but Mr Trump says he has been building relationships
0:01:09 > 0:01:16in India for years. We managed to catch as he was leaving Trump Tower.
0:01:16 > 0:01:19On his first day in India, Donald Trump Jr was not giving away
0:01:19 > 0:01:28anything. Sir, one should be meeting the Prime Minister as well? A
0:01:28 > 0:01:31potential meeting with India's Prime Minister has stirred controversy.
0:01:31 > 0:01:36Donald Trump Jr will be addressing the global business Summit on Friday
0:01:36 > 0:01:39alongside Narendra Modi, but he insists she will only be conducting
0:01:39 > 0:01:48business, not politics in India. -- he. And insist developments like
0:01:48 > 0:01:56this one of the only reason he is in India. Just a few miles outside
0:01:56 > 0:02:05Delhi, these ultraluxury apartments are becoming the fastest selling for
0:02:05 > 0:02:10the Trump brand in India. Indian developers have said the value of
0:02:10 > 0:02:15Trump brand of buildings has risen by as much as 30% since Mr Trump
0:02:15 > 0:02:21became president.They also control the principal design, the
0:02:21 > 0:02:25architecture, the specifications. They are fairly involved in the
0:02:25 > 0:02:29product end to end, not only while we're building the product but also
0:02:29 > 0:02:34while we over services.Donald Trump Jr has partnered with local builders
0:02:34 > 0:02:41who managed construction. In return for using the Trump name, the
0:02:41 > 0:02:51President's family business receives a hefty royalty fee. Buyers of the
0:02:51 > 0:02:55brand-new project in Delhi are being offered the opportunity to have a
0:02:55 > 0:03:00dinner and conversation Donald Trump Jr. Critics are saying that
0:03:00 > 0:03:04campaigns like this one in the newspaper or on ethics atrocity. But
0:03:04 > 0:03:09Donald Trump Jr says his company is simply seeing the results of his
0:03:09 > 0:03:12effort to cultivate relationships in India for nearly a decade, something
0:03:12 > 0:03:19he plans to continue on this visit too. Canadian Prime Minister Justin
0:03:19 > 0:03:23Trudeau is in India for his first official visit and is pushing for
0:03:23 > 0:03:26more trade between the two countries and head of his meeting with the
0:03:26 > 0:03:30Prime Minister, Justin Trudeau told a gathering in Mumbai that his
0:03:30 > 0:03:35delegation has struck deals for investments in Canada. By Indian
0:03:35 > 0:03:45technology giants. Canada's Prime Minister has been in India since
0:03:45 > 0:03:49Saturday when he spent the first few days going to sites like the Taj
0:03:49 > 0:03:53Mahal and India's top business school, all part of an effort to
0:03:53 > 0:03:57underline the cultural connect between India and Canada. At on
0:03:57 > 0:04:01Tuesday, he shifted his focus to trade. An area that has been
0:04:01 > 0:04:05neglected, this despite the huge presence of influential Indians and
0:04:05 > 0:04:10Canada. Bilateral trade between the two countries stands at just $8
0:04:10 > 0:04:15billion, Justin Trudeau met a wide range of Indian business leaders on
0:04:15 > 0:04:19Tuesday in Mumbai and he managed to strikes and deals.There are huge
0:04:19 > 0:04:25compatibility is and compliments between India and Canada, so much so
0:04:25 > 0:04:30that coming out of meetings this morning and a few other meetings
0:04:30 > 0:04:36that we have had, we are able to announce today over 5000 new jobs in
0:04:36 > 0:04:40Canada and over $1 billion of investment in Canada. We also talked
0:04:40 > 0:04:45an awful lot about Canadian companies investing in India, in
0:04:45 > 0:04:49partnerships here, in our pension funds and investors being extremely
0:04:49 > 0:04:53active in all the amazing thing is going on here in India.Justin
0:04:53 > 0:04:57Trudeau will meet India's Prime Minister Narendra Modi on Friday for
0:04:57 > 0:05:01formal talks. India is hoping to sign a deal with Canada's pension
0:05:01 > 0:05:05fund to invest in India's smart cities programme, which is working
0:05:05 > 0:05:11towards modernising the country's infrastructure. Canada, on the other
0:05:11 > 0:05:14hand, will raise the issue of India raising hefty import duties on
0:05:14 > 0:05:19lentils and should these. These goods account for one third of
0:05:19 > 0:05:24Canada's overall exports to India and that is why this is an important
0:05:24 > 0:05:29market for Canadian farmers. India says that falling prices of both
0:05:29 > 0:05:32crops internationally and cheap imports are hurting Indian farmers.
0:05:32 > 0:05:39The other Indian farmers who are expected to feature -- the other
0:05:39 > 0:05:48issue is expected to feature are security, energy, and military
0:05:48 > 0:05:52cooperation. Walmart led the Dow Jones industrial average lower
0:05:52 > 0:05:58overnight. The company's shares falling more than 10%. Earlier, a
0:05:58 > 0:06:02ask a business reporter why Walmart's shares took a hit.Walmart
0:06:02 > 0:06:06has taken a real shellacking today on Wall Street, it is down 10% at
0:06:06 > 0:06:11the close and the real concern here is about the online sales. Walmart,
0:06:11 > 0:06:15we all know is one of the biggest perks and mortar retailers in the
0:06:15 > 0:06:19world but it is engaged in a bruising battle with And is on, it
0:06:19 > 0:06:23really needs to compete with Is on, if it is to survive as a retail
0:06:23 > 0:06:30giant and so, analysts and investors closely watch the growth numbers in
0:06:30 > 0:06:35online sales, even though online sales only account for about 4% of
0:06:35 > 0:06:49all my's overall revenue. -- Amazon. -- of their overall revenue.China's
0:06:49 > 0:06:56e-commerce giant Alibaba calls the Chinese city of Hangzou home. The
0:06:56 > 0:07:00city has gained growing confidence as a global technology hub. As part
0:07:00 > 0:07:05of our special series, we look at the country's ambition to lead the
0:07:05 > 0:07:07world and artificial intelligence technology and the start-up
0:07:07 > 0:07:09ecosystem that surrounds Alibaba.
0:07:29 > 0:07:35Its base is a third for offers in a grotty block in Hangzou, a city that
0:07:35 > 0:07:40is now synonymous with China's tech industry. A city we cannot escape
0:07:40 > 0:07:41talk like this.
0:07:57 > 0:08:01Hangzhou's success is down to history, it is at the southern tip
0:08:01 > 0:08:05of China's grand Canal. It is a place that has long looked out
0:08:05 > 0:08:10towards what is on the horizon. In the 1970s, when China opened up the
0:08:10 > 0:08:14trade, this was one of the first places to open up. A company that
0:08:14 > 0:08:19has been here for almost 20 years, a company that has changed China, a
0:08:19 > 0:08:23company that is everywhere although you can't see it, and at the helm of
0:08:23 > 0:08:33that company is a man who can well, almost walk on water. His name is
0:08:33 > 0:08:39Jack Ma and he founded Alibaba, an online retail giant that now spreads
0:08:39 > 0:08:45across all of China. It has helped create a multi- billion-dollar
0:08:45 > 0:08:45ecosystem centred in Hangzhou.
0:09:48 > 0:09:55And that was Hangzhou, one of Asia's Silicon valleys. In other news,
0:09:55 > 0:10:02straighter's Wesfarmers posting a 77% plunge in profitability after
0:10:02 > 0:10:06earnings dropped sharply at its Coles supermarket chain and it
0:10:06 > 0:10:08looked a $1 billion write-down against its British hardware
0:10:08 > 0:10:15business. The brick and mortar it companies having difficulty over the
0:10:15 > 0:10:26last year. -- companies. The All Ordinaries index is down by a point,
0:10:26 > 0:10:31this is after the downbeat mood on Wall Street overnight. Thank you so
0:10:31 > 0:10:34much for investing your time with us.