Joey Tan, Head of Global Strategic Initiatives at Alibaba Cloud, discusses recent partnerships with FIFA and the Olympics and why getting into the sports industry is great for the company's continued growth. Tan discusses how the cloud platform seeks to enhance the viewer experience and make games more widely available to groups that may not normally get to experience it. Tan talks how the Alibaba Cloud seeks to work in "smart" cities and how first tackling sports arenas can lead to developing municipalities.

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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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