Jack Ma may participate in a 1.5 billion dollar investment in the ride-hailing company, Grab,

which is Uber's competitor in Southeast Asia.

This along with SoftBank, to any extent, a bet on one of Uber's competitors is a bet against Uber.

How do you reconcile that?

That's fine.

They invested in Lyft a few years ago as well.

And I think they're actually pretty darn good...

they get a lot of... a lot of people give them a lot of grief about some of their investments.

But you know... I think... they invested in Lyft several years ago and I actually think they'll do quite well.

Look, we frankly think Southeast Asia, in the ride-sharing space... is a huge... there's just too much capital going in to it right now.

We are actually also looking at Grab as we speak.

And you know, we think the market opportunity is enormous there.

The fact that Jack and Alibaba are looking at it doesn't surprise us.

They want to continue to expand, especially in the capital investing side outside of Asia.