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Aug 15, 2024
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when we look at alibaba, _ change things up. when we look at alibaba, how _ change things up.ook at alibaba, how does _ change things up. when we look at alibaba, how does it - change things up. when we look at alibaba, how does it reflect . at alibaba, how does it reflect the state of the chinese economy?— the state of the chinese econom ? . �* , economy? overall, it's the same sto . economy? overall, it's the same story- the _ economy? overall, it's the same story. the economy _ economy? overall, it's the same story. the economy is _ economy? overall, it's the same story. the economy is not - story. the economy is not growing very quickly for retail, for cloud which are its core businesses. i don't think there are any clear drivers for significant growth in the near term, obviously alibaba is investing heavily in al hoping that's the next breakthrough, but i think that's pretty unproven at this point and not something we can expect to really explode near term. so i think what it's really going to do is alibaba is really going to have to rely on what we said earlier, really r
when we look at alibaba, _ change things up. when we look at alibaba, how _ change things up.ook at alibaba, how does _ change things up. when we look at alibaba, how does it - change things up. when we look at alibaba, how does it reflect . at alibaba, how does it reflect the state of the chinese economy?— the state of the chinese econom ? . �* , economy? overall, it's the same sto . economy? overall, it's the same story- the _ economy? overall, it's the same story. the economy _ economy?...
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Aug 15, 2024
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alibaba has struggled to drive growth. the ceo who was installed last year making it his priority to focus on between business of cloud and commerce. he has also been making bets on ai in the long run, but investors have worried that alibaba's intense drive to beat its competitors will compress margins in the three-way rivalry has been intensifying for a while. a quick note -- alibaba's biggest rival, tencent, reported better than expect a earnings, but warning of weakening consumption. it is really alibaba that is in the back seat for now. but it is just one quarter. the economy in china still not looking that fantastic. caroline: it is interesting. we understand that michael burry has been keeping up his alibaba stake. people do believe in a turnaround for this business. is it all to do with ultimately a week revenue stream, a weak consumer? they didn't seem to put it away when it was dmv focused and merger focused. isabel: they also have david tepper slashing his alibaba stake for a little bit, but it is still the bigge
alibaba has struggled to drive growth. the ceo who was installed last year making it his priority to focus on between business of cloud and commerce. he has also been making bets on ai in the long run, but investors have worried that alibaba's intense drive to beat its competitors will compress margins in the three-way rivalry has been intensifying for a while. a quick note -- alibaba's biggest rival, tencent, reported better than expect a earnings, but warning of weakening consumption. it is...
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Aug 16, 2024
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alibaba has focused on three main things. reprioritising the core business, investing, all in on al for the cloud business and in the commerce business, exploring and investing more in the international business. in terms of major specific initiatives i would say for investors what they need to watch is that it has been reported that alibaba will move to a fee based model charging for merchants, similar to what pinduoduo and others already do versus its current business model which is an annual fee plus service fees. it will start in september and that could really change things up. we also got earnings fromjd.com, one of alibaba's key competitors. the chinese e—commerce company saw net revenue for april tojune come in better—than—expected. profits for the period also jumped by more than 70%. the reason for the strong result has been a discounting strategy that the company has engaged in since 2022. the stock was up over 4% on wall street. democratic presidential nominee kamala harris is set to unveil her economic plan on fri
alibaba has focused on three main things. reprioritising the core business, investing, all in on al for the cloud business and in the commerce business, exploring and investing more in the international business. in terms of major specific initiatives i would say for investors what they need to watch is that it has been reported that alibaba will move to a fee based model charging for merchants, similar to what pinduoduo and others already do versus its current business model which is an annual...
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Aug 16, 2024
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-- pro'ects for alibaba. �* , on track? -- pro'ects for alibaba. , ., alibaba.
-- pro'ects for alibaba. �* , on track? -- pro'ects for alibaba. , ., alibaba.
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Aug 15, 2024
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it has executed more consistently than alibaba and the strategic issues that affected alibaba, they areit is more of a calling and the market is looking for a decent team profit where topline growth will be relatively flat. relative to peers, the view on jd.com is more study. paul: our senior analyst robert lee. it is a busy time for earnings. let's look at other team. this is despite margin concern. and the preferred cash, profit was right there, the chinese market pushing out. if we take a look at new form shares, that was so funny downgrading, off more than 20% and one point after cutting the full-year forecast. still to come, a hospitality form says it is doubling its revenue by 2038. paul: welcome back. markets in china heading to lunch. the csi 300 up by more than 1%. that was not the standing with richard data begun earlier out of -- wretched data we got earlier out of china. a decline from the contraction for the 5.3% we saw in june, and retail sales were the bright spot, up 2.7%. that was a beat. china steel prices the lowest since 2014 and iron ore slumping, as well. our next
it has executed more consistently than alibaba and the strategic issues that affected alibaba, they areit is more of a calling and the market is looking for a decent team profit where topline growth will be relatively flat. relative to peers, the view on jd.com is more study. paul: our senior analyst robert lee. it is a busy time for earnings. let's look at other team. this is despite margin concern. and the preferred cash, profit was right there, the chinese market pushing out. if we take a...
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Aug 28, 2024
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from the blueshirt group, said the primary listing would help alibaba. i think it's a fantastic move. here is what i think is the rationale behind it. when these companies are dual listed, and they are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind their evaluation and as we all know, almost all of these companies are having terrible evaluations right now. with not having a lot of positive sentiment coming from us investors, the companies obviously are trying to figure out how to appeal to a new set of investors that can offer a better valuation or recognise better valuation. so obviously asia—based investors understand the company better, they understand china better. they are less worried about the environment in china in general again, more from a political and trade perspective as opposed to the economy, certainly the economy in china is not great. but to those investors buying in hong kong, there's not enough buying power, not enough abili
from the blueshirt group, said the primary listing would help alibaba. i think it's a fantastic move. here is what i think is the rationale behind it. when these companies are dual listed, and they are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind their evaluation and as we all know, almost all of these companies are having terrible evaluations right now. with not having a lot of...
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Aug 10, 2024
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exactly 100 ears partner alibaba. exactly 100 years ago — partner alibaba. - years ago paris held this 0lympic years ago paris held this olympic games with only 4.4% female participation, and then after 100 years, they are hitting the 50—50 target this year. we think it is a great achievement for human beings. it is worth documenting and celebration, it is not being promoted enough. i celebration, it is not being promoted enough.- celebration, it is not being promoted enough. i found out how the 1924 _ promoted enough. i found out how the 1924 paris _ promoted enough. i found out how the 1924 paris footage . promoted enough. i found out how the 1924 paris footage is | how the 1924 paris footage is being lovingly restored through pioneering ai recesses. $5 being lovingly restored through pioneering ai recesses.- pioneering ai recesses. as you can see. _ pioneering ai recesses. as you can see. the — pioneering ai recesses. as you can see, the old _ pioneering ai recesses. as you can see, the old image - pioneering ai recesses. as you can see, the old image was
exactly 100 ears partner alibaba. exactly 100 years ago — partner alibaba. - years ago paris held this 0lympic years ago paris held this olympic games with only 4.4% female participation, and then after 100 years, they are hitting the 50—50 target this year. we think it is a great achievement for human beings. it is worth documenting and celebration, it is not being promoted enough. i celebration, it is not being promoted enough.- celebration, it is not being promoted enough. i found out...
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Aug 16, 2024
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alibaba has focused on three main things.and in the commerce
alibaba has focused on three main things.and in the commerce
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Aug 15, 2024
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alibaba is putting a lot of capabilities.are trying to incorporate some of that into various businesses around the company. the cloud computing business is a little bit of a bed. overall operating margin shrank going from 18% to 15% and that is partly because they are investing so much money in the ai. on the conference call, we were asked the question will you invested this kind of play -- at this kind of pace. we are determined to make progress and that is also a cause for concern unless they can find some sort of payoff at the end of these investments. scarlet: we have seen that game play out. you mentioned eddie wu is the new ceo. alibaba is an organization. does it differ significantly from its predecessor? peter: daniel was focused on expanding in a number of and -- areas in the core of the business and made adequate -- acquisitions in brick-and-mortar retail and retail ventures in particular. they expanded abroad also. eddie wu and the chairman of the company are focused on the traditional businesses that matter. e-com
alibaba is putting a lot of capabilities.are trying to incorporate some of that into various businesses around the company. the cloud computing business is a little bit of a bed. overall operating margin shrank going from 18% to 15% and that is partly because they are investing so much money in the ai. on the conference call, we were asked the question will you invested this kind of play -- at this kind of pace. we are determined to make progress and that is also a cause for concern unless they...
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Aug 28, 2024
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from the blueshirt group, said the primary listing would help alibaba.ey are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind their evaluation and as we all know, almost all of these companies are having terrible evaluations right now.
from the blueshirt group, said the primary listing would help alibaba.ey are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind their evaluation and as we all know, almost all of these companies are having terrible evaluations right now.
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Aug 28, 2024
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gary from the investment firm the blueshirt group said the primary listing would help alibaba.e dual listed, and they are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind
gary from the investment firm the blueshirt group said the primary listing would help alibaba.e dual listed, and they are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. but the adrs are still the driving force behind
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Aug 30, 2024
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you look at the long-term chart of alibaba, it is horrendous. you look at it in the last couple of months it looks okay. up 7.5%. maybe the chinese government given us the all clear. they can renege on it pretty quickly. if you are going to be on it keep it on a short leash. i feel like you are due for a bounce this year >> and we heard it from retail companies in their earnings reports even this week, tim that the concern over the chinese consumer is real. how much goes that play into alibaba? >> i feel that is concerned for the chinese government. state market regulator. that, to me it is a reset. looking at the chart going back three years that we got these -- getting it and they have been destroyed it is a discount rate, raised to the roof. the risk around the company, i mean it, it, look, we had our weekend at bernie's moment. we never knew what happened to them. we were concerned there was a lot more going on. i actually think this is great news. people who watch the show know i have been alibaba for a long time. i traded around the stock
you look at the long-term chart of alibaba, it is horrendous. you look at it in the last couple of months it looks okay. up 7.5%. maybe the chinese government given us the all clear. they can renege on it pretty quickly. if you are going to be on it keep it on a short leash. i feel like you are due for a bounce this year >> and we heard it from retail companies in their earnings reports even this week, tim that the concern over the chinese consumer is real. how much goes that play into...
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Aug 16, 2024
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duncan clark said alibaba's strategy shift will focus on two key areas. >> alibaba is making a big bett if not dominant in the area with key cloud focus. not so much on a.i. and other stuff that other players are making. if alibaba loses commerce, what is it? we are seeing a recommitment to staying relevant in that d industry. it is a bet for the sector. the question is the distribution. >> and jd.com beats the second quarter profit estimate as it benefitted from consumers trading down. the ceo said the company would continue to for our a low price strategy. >>> up next on the program, cease-fire talks continuing in qatar as negotiators look to calm the risk of the wider conflict. coming up, i'll discuss the issues in the region with karnit flug, the former governor of the bank of israel. that's next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is your gateway back home. so what is cirkul
duncan clark said alibaba's strategy shift will focus on two key areas. >> alibaba is making a big bett if not dominant in the area with key cloud focus. not so much on a.i. and other stuff that other players are making. if alibaba loses commerce, what is it? we are seeing a recommitment to staying relevant in that d industry. it is a bet for the sector. the question is the distribution. >> and jd.com beats the second quarter profit estimate as it benefitted from consumers trading...
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Aug 27, 2024
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alibaba's big move in hong kong. we'll look at what lies ahead for the chinese e—commerce giant.meback forflip phones in barbie mania is driving a comeback for flip phones in the uk. hello and welcome to business today. i'm steve lai. let's begin in hong kong. chinese e—commerce giant alibaba has just upgraded its listing in the city to a primary status — matching how its shares are listed in new york. this is expected to help the company attract investments from mainland china. timing wise — this is all happening as alibaba is facing multiple headwinds, including a slowing chinese economy and intense competition from a very crowded e—commerce industry. gary dvorchak from investment firm the blueshirt group joined me earlier. i think it's a fantastic move, and here is what i think is the rationale behind it. when these companies are dual listed, and they are not the only one, there are a number of chinese companies that have adr in the us and are traded in hong kong. at the adrs are still the driving force behind their evaluation and as we all know almost all of these companies a
alibaba's big move in hong kong. we'll look at what lies ahead for the chinese e—commerce giant.meback forflip phones in barbie mania is driving a comeback for flip phones in the uk. hello and welcome to business today. i'm steve lai. let's begin in hong kong. chinese e—commerce giant alibaba has just upgraded its listing in the city to a primary status — matching how its shares are listed in new york. this is expected to help the company attract investments from mainland china. timing...
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Aug 26, 2024
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and to me, that would be tencent, that would be alibaba. the price action we've seen over the last, call it even six months, has been constructive in a very volatile trading range. pdd is a little different. this guide is worrisome. and i just think that ultimately, if you're trading chinese internet stocks based upon the macro, i think you are probably missing the story. >> if chinese consumers are slowing down, if chinese stocks are having some cracks, should american investors, who invest in american retail or american online e-commerce companies, should they be worried? >> yeah, to tim's point, i mean, like, a lot of incremental growth for u.s. multinationals has come from places like china. if you are investing in pdd or the other chinese names, you're really leaning into the chinese consumer. that's obviously pretty weak. i'd take it over to a tesla, apple, nike, you know, starbucks and these storlt sorts of thing. i think 50% of the cars that tesla build come out of the shanghai factory. we know that demand is really weak for -- we k
and to me, that would be tencent, that would be alibaba. the price action we've seen over the last, call it even six months, has been constructive in a very volatile trading range. pdd is a little different. this guide is worrisome. and i just think that ultimately, if you're trading chinese internet stocks based upon the macro, i think you are probably missing the story. >> if chinese consumers are slowing down, if chinese stocks are having some cracks, should american investors, who...
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Aug 23, 2024
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there is a lot more fast to come here's what's coming up next >>> alibaba antes up, the huge bet that could transform its cash pile and unlock a whole new market in the process. >>> plus, the countdown to nvidia earnings, when results could tell us about the state of the a.i. trade, and tech stocks. next you're watching "fast money. live from the nasdaq market site in times square. in times square. we're back, right after this possibilities are multiplying. that's because cdw architects are maximizing ai capabilities across organizations with microsoft copilot. ai-powered solutions and devices make complex tasks easier and cybersecurity stronger, so everyone on your team stays protected and productive. make amazing happen. microsoft and cdw. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. (♪♪) (♪♪) what took you so long? i'm sorry, there was a l
there is a lot more fast to come here's what's coming up next >>> alibaba antes up, the huge bet that could transform its cash pile and unlock a whole new market in the process. >>> plus, the countdown to nvidia earnings, when results could tell us about the state of the a.i. trade, and tech stocks. next you're watching "fast money. live from the nasdaq market site in times square. in times square. we're back, right after this possibilities are multiplying. that's because...
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Aug 12, 2024
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tencent, alibaba and jd.com. first let's check in on markets. avril hong is in singapore. avril: japan rising for a second session. japan markets are closed today. quiet read for markets. >> avril is staying with us this hour. a securities board chief and her husband made investments backed by adani and sans j -- pierre sanja joins us now. strongly rejecting allegations, what are they saying? pierre: on saturday when hindenburg alleged indian capital market regulator had a conflict of interest they have hence been compromised. the conglomerate clearly said no commercial relation and clearly mentioned meme disclosures and hindenburg is manipulating a certain data and there is no clear-cut. paul: is this going to be off to court? pierre: it has taken a fresh twist. india's leader of the opposition party -- in the case of indian cricket, betting has been compromised so this is predominant, it has become a political game and hindenburg put out a tweet saying are we expecting a fair conclusion of the work? out of 24 cases they have concluded 23 was spending. we are expecting mo
tencent, alibaba and jd.com. first let's check in on markets. avril hong is in singapore. avril: japan rising for a second session. japan markets are closed today. quiet read for markets. >> avril is staying with us this hour. a securities board chief and her husband made investments backed by adani and sans j -- pierre sanja joins us now. strongly rejecting allegations, what are they saying? pierre: on saturday when hindenburg alleged indian capital market regulator had a conflict of...
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Aug 15, 2024
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, in the latest time, his stent has shifted again because jd.com has slipped in these holdings, alibabaen to the biggest holding for asset management. again, it is interesting because as i said he has exited away he has come back in, but there are still so many valuation concerns around chinese tech companies, tencent is a good example because even though we saw a earnings come through, that stock has been under pressure throughout the session today. but certainly a wall street overnight it was down around 3.5%, taking a look at how tencent is trading now, still up 1.5 percent. tom: annabelle droulers breaking down the details and what it means for exposure to tech. thank you for the update. plenty more to come. in terms of what to expect from walmart earnings and why it's a great gauge of the u.s. consumer and looking ahead to retail sales as well. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. can i make my side softer? i like my side firmer. sleep number does that. your ideal fi
, in the latest time, his stent has shifted again because jd.com has slipped in these holdings, alibabaen to the biggest holding for asset management. again, it is interesting because as i said he has exited away he has come back in, but there are still so many valuation concerns around chinese tech companies, tencent is a good example because even though we saw a earnings come through, that stock has been under pressure throughout the session today. but certainly a wall street overnight it was...
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Aug 15, 2024
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china tech analyst rui ma explained how alibaba plans to turn things around.n- i think ali baba has as you mentioned, is dealin- with i think ali baba has as you mentioned, is dealin- with the mentioned, is dealing with the relatively sluggish economy in china and cautious consumers. it has faced really stiff competition from the tempo owner —— temu. in prioritising its business. it struggled through its reorganizations, we can see to to keep some of those costs under control. tell us a little _ those costs under control. tell us a little bit _ those costs under control. tell us a little bit more _ those costs under control. tell us a little bit more about the new strategies been. what are the upcoming projects for ali baba to get it back on track? before the vice chairman got back as the chairman, reprioritizing
china tech analyst rui ma explained how alibaba plans to turn things around.n- i think ali baba has as you mentioned, is dealin- with i think ali baba has as you mentioned, is dealin- with the mentioned, is dealing with the relatively sluggish economy in china and cautious consumers. it has faced really stiff competition from the tempo owner —— temu. in prioritising its business. it struggled through its reorganizations, we can see to to keep some of those costs under control. tell us a...
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Aug 12, 2024
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are a lot of local suppliers like large language model suppliers and cloud computing suppliers like alibaballaborating on the chinese market, just like they do with 0ppo, 0penai and google in the overseas market. similar business models. us short seller, hindenburg research, has made some new allegations against the head of securities and exchange board of india, madhabi buch. according to the firm, buch and her husband are holding offshore funds in bermuda and mauritius that were also used by the adani group. the allegations call into question potential conflicts of interest, as the regulatory body that buch heads is currently investigating the adani group for corporate fraud. buch, her husband, the indian regulator, as well as the adani group, have denied the allegations. walt disney experiences division laid out an ambitious growth road map over the weekend, as it tries to drive customers back to its theme parks. the company announced plans for four new cruise ships and six new theme lands, including one dedicated to new disney villains at the magic kingdom in florida. disney has seen sl
are a lot of local suppliers like large language model suppliers and cloud computing suppliers like alibaballaborating on the chinese market, just like they do with 0ppo, 0penai and google in the overseas market. similar business models. us short seller, hindenburg research, has made some new allegations against the head of securities and exchange board of india, madhabi buch. according to the firm, buch and her husband are holding offshore funds in bermuda and mauritius that were also used by...
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Aug 27, 2024
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bringing down shares of alibaba and jd.com. you can see alibaba down your hair can grow 590 miles over your lifetime. it's in your nature to grow. nature's bounty helps you grow thicker fuller hair with just one capsule a day. you are bountiful, it's in your nature. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and drinkcirkul.com. ♪♪ [inner monologue] in this gig... you get comfortable being uncomfortable. ♪♪ the enemy is always adapting... deepfake: hey handsome. ♪♪ [inner monologue] ...always iterating. ♪♪ >>> welcome back to "worldwide exchange." time now for your big money movers that's three stock stories of the morning. starting with shares of tesla trying to bounce back after falling more than 3% yesterday on a decision in canada to impose 100% tariffs on imports. so most experts believe the tariffs is only a minor headache for the company.
bringing down shares of alibaba and jd.com. you can see alibaba down your hair can grow 590 miles over your lifetime. it's in your nature to grow. nature's bounty helps you grow thicker fuller hair with just one capsule a day. you are bountiful, it's in your nature. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and...
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Aug 22, 2024
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so, um, and then the transaction companies like, uh, jd.com and alibaba that are sort of like amazon doing 0k, except they're also facing a slowing economy and difficulties overseas. shares of peloton have jumped by more than 35% in the united states. it has been restructuring its business as demand for exercise makes fell drastically after the pandemic. nestle chief executive mark schneider has stepped down after eight years at the helm of the world's largest food manufacturer. this was following a period of underperformance that affected the company's share price which has fallen 14% over the past 12 months. he will be replaced by laurent freixe. nestle�*s executive vice president and head of its latin america business in september. during the covid lockdown, online dating exploded. with millions stuck inside, apps like tinder, hinge and bumble were rocketed into the mainstream. while their popularity remains huge, research suggests that some users have stopped using the apps. the pew research centre surveyed more than 6,000 americans about their attitude to online dating. my colle
so, um, and then the transaction companies like, uh, jd.com and alibaba that are sort of like amazon doing 0k, except they're also facing a slowing economy and difficulties overseas. shares of peloton have jumped by more than 35% in the united states. it has been restructuring its business as demand for exercise makes fell drastically after the pandemic. nestle chief executive mark schneider has stepped down after eight years at the helm of the world's largest food manufacturer. this was...
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Aug 7, 2024
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others like auto, automation companies, companies booking gains from sales of shares of alibaba and t-mobile, which is something they've been doing. for soft baifrpg the buyback has been a big story. there's been a long tale of pressure that has said how are you trading at such a discount to the total value of assets you hold from alibaba. they're trying to address that through the buyouts. sony, it was a story of beyonce and pay slaystation 5. it's secontinuing to sell softwe for gaming and the music industry. that was very much to beyonce's album and some of the other artists like sza and others. >> absolutely fascinating. i want to pick up on something about the vision fund. where is it centering now? i know there have been a lot of issues. what's the general feeling about where vision fund is going and how it's going to be deploying capital into the future? >> yes. i think it's in a sort of transition at the moment, the vision fund. it went to sort of the end of 2021. she went into defense mode. they realized they made a lot of bad bets. they were cutting back on investment, trying to of
others like auto, automation companies, companies booking gains from sales of shares of alibaba and t-mobile, which is something they've been doing. for soft baifrpg the buyback has been a big story. there's been a long tale of pressure that has said how are you trading at such a discount to the total value of assets you hold from alibaba. they're trying to address that through the buyouts. sony, it was a story of beyonce and pay slaystation 5. it's secontinuing to sell softwe for gaming and...
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Aug 30, 2024
08/24
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we will be thinking about alibaba next. stay tuned.his is "bloomberg technology." ♪ caroline: it is time now for "talking tech." alibaba has won the endorsement of china's antitrust watchdog. estate administration for market regulation saying the company has ceased to the anti-competitive practices. the move suggests that beijing is king to signal support for the internet sector. chinese ev makers are feeling the impact of eu tariffs. they accounted for 9.9% of ev registrations in europe in july, down from 10.2% in july 2023. automakers have been scrambling to adjust to the introduction of new tariffs on july 5 that raised duties on chinese-made ev's. uber planning to expand its south korean business and step up its bit with a domestic rival. the ceo is making his first official business trip to the asian nation, saying the company is making headway in the region as rides jumped 8% the first half of 2024. ed: coming up, nvidia in talked about joining in openai funding round along with apple and microsoft. it's transfer deadline day for
we will be thinking about alibaba next. stay tuned.his is "bloomberg technology." ♪ caroline: it is time now for "talking tech." alibaba has won the endorsement of china's antitrust watchdog. estate administration for market regulation saying the company has ceased to the anti-competitive practices. the move suggests that beijing is king to signal support for the internet sector. chinese ev makers are feeling the impact of eu tariffs. they accounted for 9.9% of ev...
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Aug 15, 2024
08/24
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microsoft, amazon and met a and alphabet we also saw tepper reposition in china with the holding of alibabach is under 7% and while adding to the position in jd.com and etf striking chinese internet stocks and large-cap names. interesting rotation into the chinese names. the big short investor michael burry loaded up on the chinese stocks adding 24% to his furthfirm's stake in alibaba making the holding worth $11 million. he increased baidu and sold off the stake in jd.com. i want to take you to bill ackman's moves he trimmed a number of top holdings in the second quarter including reducing its stake in top holding alphabet by 16%. interesting move here. pershing square revealed a 3 million share stake in nike worth $229 million that sent shares of the shoemaker higher after hours trading. nike shares trading up by more than 3%. ackman made $100 million profit trading in and out of the nike stock back in 2018 some back grground here to the position and the loeb's third point cuts meta and added apple with close to 5% of the portfolio now invested in the cupertino giant. when it comes to ber
microsoft, amazon and met a and alphabet we also saw tepper reposition in china with the holding of alibabach is under 7% and while adding to the position in jd.com and etf striking chinese internet stocks and large-cap names. interesting rotation into the chinese names. the big short investor michael burry loaded up on the chinese stocks adding 24% to his furthfirm's stake in alibaba making the holding worth $11 million. he increased baidu and sold off the stake in jd.com. i want to take you...
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Aug 12, 2024
08/24
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there is walmart and alibaba and jd.com. prime minister narendra modi will give his first speech of his third term, having to share some of that power after a less successful election outcome that many of his team would have hoped. that is on friday. we get university of michigan august consumer sentiment and u.s. housing starts, details on friday. narendra modi's speech thursday, details on the survey on friday. former treasury secretary larry summers says an emergency rate cut from the fed would be unwarranted. he spoke on bloomberg television's "wall street week" with david westin after a week of market volatility. larry: on current facts, given that there has been some recovery, given the volatility has come way down, we are not out of the woods. the fed certainly needs to be watching carefully. but i think an emergency response would be lurching, panicked, overheated, and counterproductive on current facts. which does not mean the fed should not be watching very closely before they have another decision to make. there w
there is walmart and alibaba and jd.com. prime minister narendra modi will give his first speech of his third term, having to share some of that power after a less successful election outcome that many of his team would have hoped. that is on friday. we get university of michigan august consumer sentiment and u.s. housing starts, details on friday. narendra modi's speech thursday, details on the survey on friday. former treasury secretary larry summers says an emergency rate cut from the fed...
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Aug 15, 2024
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i noticed alibaba was down 3% at one point. i st it started to come back. company i deal with has china issues. >> the chinese are not willing to do the major stimulus that many would want them to, and you've got a lot of municipalities and the local governments that have taken on significant indebtedness and they've done that in part because they thought they'd be able to pay that back by property sales. >> right. >> those sales are not happening as a result of, really, the collapse of the property sector in the country. got a lot of people who were never able to get into apartments that they had already paid for because they were never delivered. that does a lot to influence confidence as well in the country. that said, consumer was actually a bright spot, a bright spot, not for alibaba perhaps as much, but for the economy. >> for the economy. david, i think you lay out a story, and people at home might say, why don't they do it? one theory is that it's such a big problem, they don't have the money to do it. >> yeah. they refuse to do it. >> $8 trillion.
i noticed alibaba was down 3% at one point. i st it started to come back. company i deal with has china issues. >> the chinese are not willing to do the major stimulus that many would want them to, and you've got a lot of municipalities and the local governments that have taken on significant indebtedness and they've done that in part because they thought they'd be able to pay that back by property sales. >> right. >> those sales are not happening as a result of, really, the...
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Aug 7, 2024
08/24
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for the saudi city of jedda to attend emergency meeting of the organization of islamic cooperation alibaba. kenny is heading a delegation for the extraordinary meeting of the executive committee of the oic foreign ministers. the meeting of the 57 nation block convened on the request of iran and pakistan to discuss the implications of the israeli assassination of hamas chief ismail hania in tehran. israel's continued genocide of palestinians in the gaza strip and the regime's aggression against iran's sovereignty are high on the agenda. honya was assassinated last week. during his visit to iran to attend the presidential swearing in ceremony, tehran has vowed to avenge the israeli killing of the hamas leader on iranian sail. we're watching press tv's news review where we look deeper into some of the top stories of the day on this segment of the program, yahya sinnwar, a senior hamas member in gaza has been named by the palestinian resistance group as its new leader following the assassination of ismaal hania and tehran, senior hamas official osama hamdan has hailed the appointment of sinwar
for the saudi city of jedda to attend emergency meeting of the organization of islamic cooperation alibaba. kenny is heading a delegation for the extraordinary meeting of the executive committee of the oic foreign ministers. the meeting of the 57 nation block convened on the request of iran and pakistan to discuss the implications of the israeli assassination of hamas chief ismail hania in tehran. israel's continued genocide of palestinians in the gaza strip and the regime's aggression against...
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Aug 22, 2024
08/24
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alibaba. that's massive. >> alibaba one thing and they're just sailing past the chinese.en't you haven't named like there's no chinese car. there's no chinese. >> oh i see what you mean. there's nothing about confucius. >> that's a person isn't it. >> that's a person isn't it. >> yeah. doesn't he get a brand? >> yeah. doesn't he get a brand? >> i think he's a brand because he's so often quoted. >> yeah, he's so often quoted. exactly. he probably gets some money every time he's quoted, you know. >> well, i haven't seen him. is he around maybe. >> yeah, he's probably in vegas. he's probably got a residency. >> he china is in trouble. this is what people shouldn't be afraid of because chinese are about to go. >> but it's not the chinese people's fault. the so—called lao beijing, which i love because it means old hundred names. they're the kind of populist people. that's the every every man in china. it's the oppression of the ccp. that's the issue. yes it is. >> well, let's move on to the telegraph now. and our taxes are funding chinese opera. finally, a policy i can agree w
alibaba. that's massive. >> alibaba one thing and they're just sailing past the chinese.en't you haven't named like there's no chinese car. there's no chinese. >> oh i see what you mean. there's nothing about confucius. >> that's a person isn't it. >> that's a person isn't it. >> yeah. doesn't he get a brand? >> yeah. doesn't he get a brand? >> i think he's a brand because he's so often quoted. >> yeah, he's so often quoted. exactly. he probably...
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Aug 31, 2024
08/24
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with a school dictionary there now, the teacher's arrival, the court is in session, teacher students, alibabad the 40 thieves, diary, book of complaints and suggestions, peccovet, much ado about nothing, back desk, holiday home, toilet, cheat sheet-storage, geography teacher, talking globe, oh how, history teacher, how was it, physical education teacher, kangaroo, chemistry teacher, test pilot, fire at school, burn-burn, clear, so that it doesn't go out, holidays, long-awaited freedom, some of our schools now, i tell you, have such a bias, my son comes to school recently, some teacher runs up to me, how he starts screaming, this is your child, so small, impudent, black, snotty, like that, he smokes all the time, smokes, smokes, smokes, this is not my child, this is your f... i go into the chemistry room, and there above the board mendeleev will live, and the signature of lenin, the chemist , the slogan hangs, mendeleev lived, mendeleev is alive, he saw me, he screamed, what, sit down , please, listen, listen, one minute, right now, and put, that is , a record on the record player, and then yo
with a school dictionary there now, the teacher's arrival, the court is in session, teacher students, alibabad the 40 thieves, diary, book of complaints and suggestions, peccovet, much ado about nothing, back desk, holiday home, toilet, cheat sheet-storage, geography teacher, talking globe, oh how, history teacher, how was it, physical education teacher, kangaroo, chemistry teacher, test pilot, fire at school, burn-burn, clear, so that it doesn't go out, holidays, long-awaited freedom, some of...
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Aug 23, 2024
08/24
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wasi, which is all has attacked the spies declaring it a safe zone, thought a couple as a, as in dead alibaba with more on the latest is randy attacks. of these very homemade is still ramping up its military operations, including glands and aerial bombardment, since the central area had pub in the north and in the even a south of pods of this trip on the owners of the east video corporation forces. now, the upland dairy, but i city here which has the more than 2000000 house, the needs of to the new displacement for this, for 1000000 team flux in the 60 or farm units. now the hosting, if somebody is trapped in the western side of derek, been a while the military now is operating in the eastern areas. now we have been witnessing a service or rustic compartments in the hours of the noise. and even with the hours of this morning, we continued to loud explosions every now and then pointing. is this really raging? really almost finances, advocates with no patient forces in the eastern areas. we can also see if the sound of the east, when troves is 3 days of freight out here. but we continue to to s
wasi, which is all has attacked the spies declaring it a safe zone, thought a couple as a, as in dead alibaba with more on the latest is randy attacks. of these very homemade is still ramping up its military operations, including glands and aerial bombardment, since the central area had pub in the north and in the even a south of pods of this trip on the owners of the east video corporation forces. now, the upland dairy, but i city here which has the more than 2000000 house, the needs of to the...
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Aug 29, 2024
08/24
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buyback, thinking that they'll get another buyback, so you see the stock rising has done better than alibabacan see that it has done better than those names throughout the course of 2024. avril: when it comes to competition, we see that intensely in the chinese ev space, what does that mean for byd and auto going forward? annabelle: they are one of the largest ev makers in china, and where they've been successful is continuing to maintain and expand its market presence. that came out in the latest numbers. we saw them reporting the income rise from a jump to a year earlier, and we have results saying that it is impressive, as well as sales getting a record, and despite that, shares are under pressure, down as much as 4%. speaking to the transfer to about this, it seems that when you survey analyst projections coming into this, even though we saw the meeting, it did not be the highest end of the range and that is why you see that reaction today possibly. paul: we have plenty more ahead. stay with us. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when
buyback, thinking that they'll get another buyback, so you see the stock rising has done better than alibabacan see that it has done better than those names throughout the course of 2024. avril: when it comes to competition, we see that intensely in the chinese ev space, what does that mean for byd and auto going forward? annabelle: they are one of the largest ev makers in china, and where they've been successful is continuing to maintain and expand its market presence. that came out in the...
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Aug 16, 2024
08/24
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alibaba also gaining despite revenue missing estimates on weakness in core e-commerce. plus, the indonesian president about to give his final state of the nation addressed ahead of a budget that could push the deficit close to its official limit. let's check in on how markets are faring. avril hong is in singapore. avril: i think markets have that friday feeling, don't take? japanese equities doing really well today, and of course, this is coming against a backdrop of what we saw on wall street overnight. at the data that pointed to a soft landing, jobless claims falling for a second week to the lowest level since early july, easing concerns about labor market deterioration. then, of course, we got the retail sales number. that accelerated in the u.s. as well, by the most since early last year, so all pointing to this resilient consumer. you mentioned a short while ago how treasuries slumped overnight. traders paired expectations of aggressive fed easing, but take a look at how earlier this month, the main gauge of treasuries actually broke out to trade above the 200-da
alibaba also gaining despite revenue missing estimates on weakness in core e-commerce. plus, the indonesian president about to give his final state of the nation addressed ahead of a budget that could push the deficit close to its official limit. let's check in on how markets are faring. avril hong is in singapore. avril: i think markets have that friday feeling, don't take? japanese equities doing really well today, and of course, this is coming against a backdrop of what we saw on wall street...
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Aug 15, 2024
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>> that is interesting >>> on the squawk planner, walmart and alibaba and deere and tapestry is set to report before the opening bell. a flood of economic data weekly jobless claims. an important one right now which is the one closely watched since last week's report fueled rebound on equities. we will get july retail sales and import and export prices. >>> chicago fed president austan goolsbee is raising a red flag on the economy telling bloomberg he is concerned about the labor market -- i don't know we call it a red flag. he is following prices and d disappointing jobs data. a view that is appropriate if the economy were overheating he not comment on the size of the rate cut in september. traders are pricing in a 37% chance down from a 55% chance a week ago more dovish on things. >> quicker to pivot. >>> shares of cisco are higher revenue also came in higher than the street was expecting sales fell for the third straight quarter the company expects one more quarter of revenue declines as customers take time to set up equipment they received in previous quarters. one bright spot, the
>> that is interesting >>> on the squawk planner, walmart and alibaba and deere and tapestry is set to report before the opening bell. a flood of economic data weekly jobless claims. an important one right now which is the one closely watched since last week's report fueled rebound on equities. we will get july retail sales and import and export prices. >>> chicago fed president austan goolsbee is raising a red flag on the economy telling bloomberg he is concerned about...
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Aug 9, 2024
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thursday, earnings from walmart, alibaba.ra modi will give his first speech of his third term. friday, the university of michigan consider senate -- consumer sentiment survey and retail sales. from questions fed independence, saying presence should have some say on monetary policy. more details next. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. during our biggest sale of the year, save 50% on the sleep number® limited edition smart bed. shop now at a sleep number store near you. tom: welcome back. republican presidential nominee donald trump told reporters the president should have some say over u.s. interest rates and monetary policy. such a move would go against the practice of keeping the fed independent from political actors. trump has repeatedly complained about the issue and criticized fed chair jerome powell, who he appointed, for being too early and too late on moving interest rates. >> i think that in my case
thursday, earnings from walmart, alibaba.ra modi will give his first speech of his third term. friday, the university of michigan consider senate -- consumer sentiment survey and retail sales. from questions fed independence, saying presence should have some say on monetary policy. more details next. this is bloomberg. ♪ why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. during our biggest sale of the year, save...
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Aug 23, 2024
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." ♪ ed: first up, alibaba shareholders approved a plan to upgrade their hong kong listing to primarytus, a move that is expected to attract billions in investment from mainland china. these are shares of the online retailer trailing key rivals like tencent. it goes into effect august 28. uber is set to start operating -- offering self-driving cruise vehicles next year. this comes as cruise is trying to regain traction after losing ground, grounding its fleet last year following the mishandling of a collision with a pedestrian. and forging ahead with the revised plans for an ipo of a chipmaker that could raise 500 million dollars according to bloomberg sources. bane is said to be working with investment banks for the ipo kickoff in the coming weeks. caroline: coming up, we debate the ai regulation deal being debated in california, facing backlash from none other than its own elite in silicon valley. from san francisco and new york, this is "bloomberg surveillance ." -- "bloomberg technology." ♪ ( ♪♪ ) morgan stanley is partnering with the women's tennis association to remove boundarie
." ♪ ed: first up, alibaba shareholders approved a plan to upgrade their hong kong listing to primarytus, a move that is expected to attract billions in investment from mainland china. these are shares of the online retailer trailing key rivals like tencent. it goes into effect august 28. uber is set to start operating -- offering self-driving cruise vehicles next year. this comes as cruise is trying to regain traction after losing ground, grounding its fleet last year following the...
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Aug 15, 2024
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we will get earnings from walmart, alibaba, jd.com, deere and others we will have fed presidential bettery let's bring in jay with more this market has been a big bounce from the lows ws we saw s monday >> thanks, dom we actually have been very, very bullish this year. we started out with a 5,000 target and now with a 6,000 target we think during the august period, investors tend to overreact. for instance, the jobs report last week, we had an increase in unemployment which was all due to weather we think the combination of the seasonality and the yen trade going away and everybody overreacted. we are not surprised we are bouncing back. we think once we get through the election, we will have a fourth quarter rally. it makes sense to dive in. 5,000 is a good place to enter. >> how much do you pay attention to positioning the overreaction might have been measured if it not for people placing bets, speaking of the yen carry trade, which causes a cascading type effect. what do you look at to make sure that things played out or can be more constructive to the upside? >> well, actually, the vix
we will get earnings from walmart, alibaba, jd.com, deere and others we will have fed presidential bettery let's bring in jay with more this market has been a big bounce from the lows ws we saw s monday >> thanks, dom we actually have been very, very bullish this year. we started out with a 5,000 target and now with a 6,000 target we think during the august period, investors tend to overreact. for instance, the jobs report last week, we had an increase in unemployment which was all due to...
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Aug 23, 2024
08/24
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we are seeing a bright spot for alibaba. hong kong listed to primary stages. a key step for the cock connect participation bringing in some of the inflows to the stock. it seems like ueda is really sticking to his guns. we're seeing the japanese currency gaining ground against all of his g10 peers. the dollar-yen has moved off what we saw earlier on the session. it is not just about the boj but also about the fed and what we get from powell. >> let's talk about that. during -- jerome powell could shed light o on a cut from the fed. it is a highly anticipated speech. is the central bank going to cut at its september meeting and how big will that cut be? mike mckee has this preview. >> all wall street wants to know, how far will he go? investors would love a rate cut pledge from chairman powell. that is not likely and he is also unlikely to say how far the fed will cut or what their next steps will be. expect acknowledgment the fed is close to changing rates as long as the incoming financial data beats forecasts. he still have to get some of his colleagues onboa
we are seeing a bright spot for alibaba. hong kong listed to primary stages. a key step for the cock connect participation bringing in some of the inflows to the stock. it seems like ueda is really sticking to his guns. we're seeing the japanese currency gaining ground against all of his g10 peers. the dollar-yen has moved off what we saw earlier on the session. it is not just about the boj but also about the fed and what we get from powell. >> let's talk about that. during -- jerome...
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Aug 9, 2024
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technology and partners like alibaba has been at the forefront of driving new thinking to help expandhe experience in the broadcast and to cyber tracking and mark the athletes. if we look four years ahead, they are already testing to what extent a.i. will be supporting and, in case, replacing judging. >> that is is fascinating to th about at this point. michael, to what point do you think the paris olympics will impact the host cities? will we see that innovation followed through moving forward? >> absolutely. these were the first games staged under what the ioc president thomas bach to implement where you fit the city and you didn't have to go on a massive construction program or build or create venues, many of them temporary. i think paris will be a major catalyst to getting cities around the world to say maybe we should relook at the idea of hosting the games. much in the same way that barcelona in '92 launched a whole new era in cities understanding of how to use the olympic games as a catalyst for transformation and a vehicle to re-brand or enhance the brand of the country. >> in
technology and partners like alibaba has been at the forefront of driving new thinking to help expandhe experience in the broadcast and to cyber tracking and mark the athletes. if we look four years ahead, they are already testing to what extent a.i. will be supporting and, in case, replacing judging. >> that is is fascinating to th about at this point. michael, to what point do you think the paris olympics will impact the host cities? will we see that innovation followed through moving...
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Aug 14, 2024
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-- chinese consumer, i should say, in terms of the consumer print from the earnings of tencent and alibabaare we seeing any signs that chinese consumer is turning around? both of these companies are a good gauge on that question, and they report later today. is the cpi print out of the u.k., the inflation print out of u.k. expected to tick up above the 2% level? what kind of conundrum would oppose for the boe? we will see if that adjusts later today. we get that cpi print out of the u.s., mark renfield talking about the importance of that and how much that is priced into the bond market and how it sets us up in terms of how we think about inflation involving in the u.s. that is the data point today out of the u.s., cpi given the softer prices we got yesterday, will that trend continue? we have around up of today's stories. no surprise is at the top of the list of stories, breaking down the earnings of this was lender and what it means for sergio ermotti's plans to integrate credit and hand cashback shareholders. coming up, fumio kishida announces he will not run for a second term as ldp le
-- chinese consumer, i should say, in terms of the consumer print from the earnings of tencent and alibabaare we seeing any signs that chinese consumer is turning around? both of these companies are a good gauge on that question, and they report later today. is the cpi print out of the u.k., the inflation print out of u.k. expected to tick up above the 2% level? what kind of conundrum would oppose for the boe? we will see if that adjusts later today. we get that cpi print out of the u.s., mark...
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Aug 27, 2024
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alibaba also reporting disappointing results, those shares lower. you. >>> here is a look at other chinese e-commerce names, with allie baub awe down and jd.com losing. >>> moving on, pavel durov, ceo of telegram was arrested. the move prompted outrage by some and speculation by many as details are thin on the ground. first, in a statement released monday the paris prosecutor said durov can be held until wednesday as part of a broader investigation into an unnamed person on charges of complicity from crimes from organized fraud to distributing child pornography. telegram said it is absurd to claim a platform or its owner are responsible for abuse of the platform. x owner elon musk and whistleblower snowden criticized the decision. also, it was alleged this morning that washington stands behind durov's arrest after a french paper shared a photo reportedly from a russian military photo with a missile 'em blazoned with for durov. emmanuel took to x to call out false information concerning the arrest saying it is up to the judiciary and independents to
alibaba also reporting disappointing results, those shares lower. you. >>> here is a look at other chinese e-commerce names, with allie baub awe down and jd.com losing. >>> moving on, pavel durov, ceo of telegram was arrested. the move prompted outrage by some and speculation by many as details are thin on the ground. first, in a statement released monday the paris prosecutor said durov can be held until wednesday as part of a broader investigation into an unnamed person on...
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Aug 21, 2024
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put their hand into their wallets, but at the same time you've got intense competition, the likes of alibabapdb, so it's a very to forget -- difficult environment for jd.com to operate in. this is what walmart could be thinking about, where is it operating best and where the bright spots in china, that seems to be it. sam's club offers premium goods with membership model. this is about refocusing. walmart could be exiting raising around 3.7 billion dollars, looking to use that money elsewhere, but all according to sources at this point in time. avril: challenging environment for ev makers amid the price war. what are you seeing? we've got the earnings, pressure on the margin, how bad will it look going forward? annabelle: as you say, looking forward it's really about the guidance and what came through with those numbers overnight because it was a lot of caution put over those. in the second quarter we still saw a loss but that loss narrowed better than what analysts had been expecting, but it was really all about the forecast and what do we see signaled there. we do see more deliveries comin
put their hand into their wallets, but at the same time you've got intense competition, the likes of alibabapdb, so it's a very to forget -- difficult environment for jd.com to operate in. this is what walmart could be thinking about, where is it operating best and where the bright spots in china, that seems to be it. sam's club offers premium goods with membership model. this is about refocusing. walmart could be exiting raising around 3.7 billion dollars, looking to use that money elsewhere,...
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Aug 12, 2024
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. >> caller: this thursday alibaba reports.ing things around? >> here's my problem with this. it is incredibly cheap. they will report a great number then there's going to be something people don't like then they sell it down. i'll tell you it is a cheap stock and that is, ladies and gentlemen, the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by charles schwab. >>> coming up, making sense of a sell-off? cramer wades through last week's manic monday for answers next. ♪ >>> what did happen when the market fell apart a week ago? why is it so opaque? nobody is required to talk about how they blew it and lost a lot of money and caused your portfolio to get hammered as collateral damage and that's how we ended up with this. when you get a sell-off you try to figure out what's really at stake. what's gone wrong, you go back one week ago when the japanese market fell apart. we saw most of our big cap stocks fall apart with it and witnessed the collapse of the small cap trade and sudden decline i
. >> caller: this thursday alibaba reports.ing things around? >> here's my problem with this. it is incredibly cheap. they will report a great number then there's going to be something people don't like then they sell it down. i'll tell you it is a cheap stock and that is, ladies and gentlemen, the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by charles schwab. >>> coming up, making sense of a sell-off?...
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Aug 30, 2024
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alibaba has not been a great performer for some period of time.long time ago that i can remember that ipo, jack ma sitting right here. those were interesting times. >> what year was that? 2016? >> was it '15. >> yeah. then i went over there and interviewed him. the chinese consumer, of course, has been the key here, and really what has been the emergence of significant competition in the domestic market in china, whether it is pinduoduo or we saw what happened to that stock earlier this week after they said they had to continue to invest a lot in their temu service which has helped drive a lot of that, tencent or any number of companies that presented significant competition to baba it is far lower than its highs and, in fact, i think if we go back to the ipo i would be curious to see, there's pdd, on baba, judging that as you know, i'm having some technology issues this morning so i'm not capable of bringing that up on my own. >> it's funny when you snapshot back to the ipo on company specifics aside, the overall headwinds for that company are va
alibaba has not been a great performer for some period of time.long time ago that i can remember that ipo, jack ma sitting right here. those were interesting times. >> what year was that? 2016? >> was it '15. >> yeah. then i went over there and interviewed him. the chinese consumer, of course, has been the key here, and really what has been the emergence of significant competition in the domestic market in china, whether it is pinduoduo or we saw what happened to that stock...
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Aug 12, 2024
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and more high end manufacturing and so on and so forth, that all takes the tech brains of baidu and alibaba these other tech companies we've gotten to know over recent years. so i think the benefits to them are partially driven by the demographics, and also, i think you've just got a near-term trade here, if we get bad numbers on thursday, i think that will remind people that beijing could still have some stimulus in order to achieve their 2024 goals. i worry about 2025 and 2026 as the market looks back at this and says, you know what, demographics are shrinking, it may be time to take a different look. >> all right, david, great to speak with you. thank you. david reidle. >>> eight years ago trade $80 a share. they do six times the amount of revenue and they have a better balance sheet. you could say it was way too expensive then, that's true, but it's way too cheap now. you have this little quasi stealth rally into baa baa. i think you stay long the name. >> the way david talks about china it makes you think twice about u.s. companies and their presence in china and what that is worth ove
and more high end manufacturing and so on and so forth, that all takes the tech brains of baidu and alibaba these other tech companies we've gotten to know over recent years. so i think the benefits to them are partially driven by the demographics, and also, i think you've just got a near-term trade here, if we get bad numbers on thursday, i think that will remind people that beijing could still have some stimulus in order to achieve their 2024 goals. i worry about 2025 and 2026 as the market...