ah, it washing g w use lie for berlin, coming up. chinese e commerce giant, alibaba says it's breaking up. even beardsley has the details on dw business after a quick break. don't forget this one. use an analysis around the clock on d, w dot com. allow soccer, thanks be a company with every journey is full of surprises. we've done all out. you've used them one day in the footsteps of the great hall. i'm in your northernmost count to play with

3 times one. still very much alive, dw channels, your guy to the special with recognizes where exactly it was fun and i have learned a lot our culture history, all their d. w. travel extremely worth a visit with. oh, i'm stephen beardsley in berlin. here's a look at our top stories. chinese tech giant ali baba announces a split to 6 different companies. one day after bout or jack mall was seen on the mainland following a link. the absence, disney cuts. it's met diverse team according to a new report. it's the latest sign that the much hyped virtual universe is still struggling to find its feet. back into our show. we begin with chinese tech titan

ali baba, investors are applauding the conglomerates decision to split into 6 business units with company shares on the new york stock exchange, surging by 14 percent tuesday. that comes out to recess signals. the chinese government is easing its hard line regulatory stance on the tech sector. under the plan, each business unit will have its own board of directors and be able to secure financing and less stock independently of alibaba, which effectively becomes a holding company. alibaba says the move will speed up. decision making. analysts say could also help it manage government regulation. beijing cracked down on ali baba and its affiliate ant group in 2021, prompting investor flight winston mossey, professor at the n y u. school of law, an author of the hunt for unicorns winston, welcome to the show. can we say whether ali baba is doing this to ease regulator concerns in china? or is there a compelling business case for this kind of split up?

i guess you can see both, you know, on one hand. and the brother has been a huge, a conglomerate. after so many years of growth, so it's time for some break up to release some of the value out of the conglomerate . because at the very beginning of the bubble with the chinese version of it, if you remember and, and now it looks like the combination of e bay, amazon, netflix, over, and many other pieces into one company. right? so it from a business perspective, it also makes sense to break up the company's into different verticals, so that to call the computer people can develop independently of from the, the business of e commerce, for example, at the same time from a regulatory and comprised perspective. it is also easier, you know, for the different, smaller units to deal with compliance individually,

instead of like a one huge company to deal with multi facets of data regulations. at the same time . we know the beijing has cracked down on tech firms like ali baba in recent years . in fact, this announcement comes a day after the founder of ali baba jack, mom was seen again in china after a lengthy period out of you wish we read into that. yeah, in media who says that it could also be viewed as a package, you know, in terms of managing the market expectation. you can imagine if you don't have the founders, a news, you know, the market may take the company, break up with a little bit with a little bit of surprise. and now when you have the 2 pieces together, you know, this makes the market feels more comfortable and, you know, very positive context. a market believe that the chinese government right is

becoming more positive, more supportive to large internet platforms. and on top of that, you know, the company is, is doing major restructuring out of that confidence in the chinese policy. if china is taking more positive outlook on a tech firms, what does that mean for companies like ali baba when it comes to listing in the u. s. in the future? yeah, i think it's a still an issue of uncertainty for companies like alibaba, as well as other many chinese tech companies listed overseas because this is really a time of a koya. it a regulatory clarification period and a discovery, both china. yes. right. we just touched on the china genocide last a couple of years, a lot of regulations change of government. now you have the new government setting new messages and, and you would see

a new normal industry in internet industry relation in china. that's on the china, around the us side of the these chinese companies, you know, who are listed in the u. s. may still have to develop new political with the u. s. a. c, c, and related regulators. rack the p c o b, the accounting board. accenture, for, for them to be to, to, to stay in, in the new york stock change in nasdaq. right. that's when my professor at, in why you school of law. thank you very much. thank you. staying with china for a decade. the country's ambitious belt and road initiative has been a prominent lever of its trade in foreign policies by funding major infrastructure projects around the world. the gene can help its own companies on one hand, and improve relations with countries far and wide on the other. what turns out the costs have been steeper than expected?

a new study now shows that many of china's loans have fared badly. good, not just borrowers in danger, but also chinese banks. another country is opening its doors to china. this time it's on doris, which could join china's multi $1000000000.00 infrastructure program, the belgian road initiative. but there's more to the mega project than a quick path to investment. many delta road participants have been struggling to pay back billions and loans force invasion, developed debtors to save its own banking system which lengthened the cash in the 1st place. china spent $240000000000.00 to bail out belt. in rhode countries, between 282021. almost 80 percent of the rescue loans were issued between 20162021. argentina receive the most with $111800000000.00, followed by pakistan and egypt. 9 countries received less than $1000000000.00.

critics of long accused china of lauren developing countries into so called debt traps by offering large amounts of loans. the study shows that the chinese bill loans remain small, but our growing rapidly. beijing, on the other hand, rejects these accusations it and says those loans are purely a part of transparent investment projects. georgia, china's carried out investment and financing corporation with developing countries based on openness and transparency. china respects market laws, international rules and a will of relevant countries. china's never forced any country to borrow money or to pay, or we won't attach political conditions to loans and doesn't seek political gains. yeah, i don't a silly. according to the study in 2010, less than 5 percent of china's overseas loans were extended to the countries and debt distress. in 2022,

that figure had sought to 60 percent. the study reveals that the loans are drifting away from funding actual infrastructure investments. they are instead moving towards covering their losses one seen as a highway 2 increasing economic dominance by china. the belt and road initiative is increasingly proving to be a rocky road for beijing spanks and the countries it promised to help. let's take a look now at some of the other global business stories making headlines. the united states and japan have struck a deal on minerals used in the production of electric vehicle batteries. the agreement eliminates barriers on trading the strategically important resources and is expected to allow u. s. companies to source the minerals from japan and still be eligible for subsidies under the new inflation reduction act. us prosecutors of accused sam bank that freed of offering $40000000.00 and bribes to chinese officials in a new indictment bagman freed is charged with conspiracy to violate the anti

bribery. provisions of the foreign corrupt practices act, the founder of the collapse crypto exchange, f t. x has already pleaded not guilty to separate charges related to allegations he cheated. f t x users of billions of dollars. british gambling regulators have slapped a $24000000.00 fine on companies owned by gambling group william hill for failing to protect consumers and for applying weak anti money laundering controls of the regulator. so the issues were so worrying that are considered suspending the firm's license disney will eliminate its met diverse program as part of a broader series of cost cuts. that's according to a new wall street journal article. let's go retain austro in new york. teddy, do we know how far along disney was with its metaphors program the 1st place and then what is leading it to cut it? well, we don't know that much about the programs because we really haven't seen that much

since that basically hopped on the bandwagon in 2021. after facebook changed the name to meta and projected that the meta versus digital universe would be the future of the internet. right, and it was considered a good opportunity for disney because of it's vast, vast content, but now we're seeing, they don't consider it where the investment, it's being wrapped up in a larger sort of restructuring at the company. cutting 7000 jobs, trying to reduce spending boost cash flow. and this is because the company saw some economic headwinds last year. that includes some stiff competition in it's streaming services, but also other hits across the company. such as at the box office. can we say whether for companies like disney, the timing is just bad for investments in the better vers right now? or if there's some question about the fundamental mainstream appeal of the metaphors? well perhaps it's a sign that such a large company such as disney is pulling back from this right. lots of companies

hopped on the band wagon not wanting to get left behind and technology. they created all of these executive positions, specifically dedicated to the metaphors, and that includes companies such as procter and gamble ones. you wouldn't expect now with the larger sort of tech downturn that we saw last year as well as specific failure, such as a met with a metal verse. there certainly is a lot of skepticism and i think we're going to continue to see that. alright, teddy austria, new york, thank you. and finally, in new ministers have agreed to a plan to ban the sale of new fossil fuel cars by 2035. after making a lake concession to germany, the tweaked plan allows for the sale of certain combustion engines past 2035, provided they run a more environmentally friendly synthetic fuels, rather than diesel or gas. a critic say the caviar could encourage emissions cheating and then it dampens the incentive for drivers to switch over to electric

vehicles. the ban on fossil fuel cars is central to the used goal of reaching climate neutrality by 2050. all right, that's our show. you find out more about these and other stories online, d, w dot com slash business. we're also on youtube under the dw news channel. i'm seniors in berlin likes watching the drug, my fiance's running rampant on them. and the residence of the ream region won't put up with it any more. 10000 hector's of peruvian virgin forest have been cleared to illegally grow cocoa. the deforestation is rising, while the government seems powerless. global 3000. on

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