mike, show us. >> yeah, so we're taking a look at alibaba here.ressuring this company all of the chinese companies really is probably familiar to most viewers but we should probably go over it one more time just to be sure. we're talking about china's security and regulatory scrutiny on a lot of these companies basically forbidding them from taking on new users, the painful pockets of antitrust penalties is something that has been basically brought into the horizon and we have a lot of potential further restriction that is we could see in addition to those financial penalties and in the case of baba, you know, they have actually been investing in trying to grow their user base and one of the potential down sides of that is that you could actually see ebitda or eps decline year over year those are m soft risks when we look at alibaba this is a company with 40% margins, that's obviously tremendous, we have high anticipated revenue and eps growth of 29%-ish year on year on the top line, more on the bottom line and of course on a relative valuation ba

ma long ago alibaba is very cheap. it's going to be there a long time from now. ma has backed off. what xi is doing is regulations, it has to do with nationalizing data and wanting to make sure those companies are not too powerful and he's accomplishing that. i think you're going to see alibaba do somewhat better i think the credit impulse story is real. the pboc is also lowered reserve requirements i think they'll do it again. they do that whenever foreign capital flow is slow so biden's remarks today are going to slow capital flows into china. i would expect that to trigger another move by the central bank >> that's interesting. >> very interesting to me, billy billy and pinduoduo. both of whom are selling at numbers like two, three, four, five times a couple years out earnings and cash flow are very central to what's happening in china in the food business and in online commerce and are deep, deep price trouble in recent weeks. they're very cheap at the moment i own less than i did before i still hold them, and i wi

group of investors gave -- alibaba >> this includes alibaba. it's reporting loss of around 3 billion as spending went down during the pandemic. china continuing to have to find ways to bail out these troubling companied as its trying to move its economy away from model of expansion. shery: what are the drawbacks to the deal now? >> what we do see is that china, they can't let them fail. they are really concerned that some of the major companies that i'm in position to help, such as alibaba, have become too powerful. alibaba will be the biggest shareholder in suni.com. we just recently had the leg story issue around didi. china is tuck between which are of the companies they want to rescue. and are they too powerful that they balance they have to keep striking. >> rachel chang our consumer reporter. it take us into a broader issue of refinancing liquidity and the broader credit markets athe stressors we're seeing in some parts. we'll look at triple-a for example and some of the threats there. lot of ways, boding well to invest in the safest plac

alibaba, 7%. wells fargo, 3%. and on and on. christopher grisanti of mai capital is a great student of the equity markets, looking for value within growthiness. do you own any of these chinese companies? christopher: we don't. we think there's a lot of opportunity here that is much simpler. if i was a weibo shareholder, i would be afraid. i think hong kong was frankly taken private several months ago. it is an issue of control. i think it is not data. it is about controlling the most import political and corporate entities in the country. tom: i think you and i are on the same page as this. your job is to talk about it. my job is to ask questions. we talked to richard haass about american disarray. is this capitalistic financial disarray? chris: no, in fact, i think it is a beijing exercising its strength and perhaps taking advantage of an america in disarray, but also exercising strength. i would suspect we will see more of that in the second half. romaine: i am curious about what the effect this could potentially have on ameri

i do want to note, scott, this is an investment year for alibaba.they are putting back into the business this overhang doesn't help given that's the fundamental sideways $situation for the company this year as well >> josh. >> scott, let me just clarify. i'm not saying don't own any -- >> go ahead. >> i'm not saying don't own any chinese stocks you can own the b shares that trade in china china wants the capital into their markets. they want to legislatism their markets. i'm saying don't own the adr trading in the u.s. >> but once you get into don't own a but but you can own bp people say c you later. >> exactly. >> investors aren't dealing with that non-sense it doesn't sound to me like your run of the mill interference, josh there was a time you had liked the krk web all the big chinese internet names would you stay away as well >> no, and i think what's happened was the -- there is less of a need for u.s. investors to pick individual chinese technology or internet stocks or even own them as a sector because what's happened the last five years is

listed chinese companies tumbled after a rough year alibaba was under pressure in the session.s tell me that tiktok parent bytedance its ipo could be delayed until 2022 and valuation in the private market which i'm told is just shy of $450 billion could take a haircut. this all raises an important question for investors, and that is how much transparency are they getting when it comes to chinese companies? "the journal" reporting earlier didi was warned three months ago it should consider delaying its ipo. it speeded up its road show. early investors were not aware of the warning and asking questions now. >> i don't blame them. >>> karen, we had the same exact question, we had this conversation if that is true if "the journal" report is true and they were asked in some fashion to delay its ipo, should that have been disclosed to investors and was that in the s1 you did some digging >> right, i did some digging and you and i spoke about this earlier today. they had a very broad number of risks. if you looked hard this could be covered under that, that there are regulatory threat

mark: obviously, indirectly, the consumer sector is going to be hit because companies like alibaba andencent have dominated the payments area in those consumer sector names. now these smaller companies will be able to do their own payment systems and have freedom to move from one payment system to another, so that could be beneficial for some of these other companies. alix: do you think there is another sector in the crosshairs? mark: the other sector, believe it or not, is education. i know there has recently been crackdown on part-time education and that sort of thing in china, but again, whenever you have a crackdown what this, other parts of the sector benefit because they are not having competition. so i would say education would be another area to look at. dani: sometimes it feels a little less consensus, what you are saying, that there are less opportunities in this market selloff. you have cathie wood at arc reducing her exposure. do you think a lot of these people who are exiting will find their way back to the market, or do you anticipate that this foreign outflow is unlikely

>> there's too much money in alibaba. i don't see too much down side risk there's too much money in alibaba for the chinese to want to cut that contiduit off that benefits the chinese economy. at the same time, they want to keep alibaba from becoming a threat to their financial system, from drawing savings away from state banks and so on. the down side risk for alibaba is somewhat limited but so is upside gain because regulators don't want alibaba to be that large and that profitable. at some point you could see pressure for a split to buy the company up where both companies look pretty good but don't have the size and reach it's too big to fail but in china you can be too big to succeed. >> does that mean some of these chinese tech names are becoming utilities, in other words trading almost like bonds? i know that seems insane to say after the past 12 months but going forward, if the down side and upside is capped, if they're extensions of the state, they have monopoly protection but also not that much down side >> right

movement down for the alibaba this month. they were tracking and tracing those losses as well. this is the comparison between the bad stocks. every go. you can see just how this is diverged. there are plans to make a sort of framework in the tech world and get other people to sign on it. for more transparency in how they are mining data. yvonne: how do you even say that now? we'll talk more about that divergent coming up when it comes to china tech. dd removes more apps. we have a tencent this merger. that has been basically killed now that china regulators are adding a chilling effect to deals. now they're talking about giving up their exclusive rights. that will all be in place. let's talk about markets. hst see is coming out what their outlook. the big theme we are watching this week is this whole rrr cut. the concerns that first and first out, china growth is slowing. how do you factor that into your second-half outlook? >> thanks for having me today. for china's outlook, with the recent development and something with our

against alibaba. take years if not longer to do the same investigations to amazon, apple, etc.. just yesterday, we saw judge extend the ftc's deadline to refile antitrust case. which have been filed months and months ago. we have been hearing more and more about regulatory interventions in the u.s. but it has taken a lot longer. in china, the inverse is true. they have a lot more control, a lot more the business sector. they are able to act a lot more swiftly. pros and cons of course but so far with that needs is they have been able to essentially do some of these actions overnight. especially the case with dd just days after their ipo. seeing them remove apps from the app store. the stay in check. where we don't see that type of action or speed. just because of the government dynamics. emily: i am thinking about the u.s. government's case against microsoft which played out. often criticized for copycatting or emulating in a friendlier term, silicon valley. i wonder how that plays out after this crack

a lot of global investors in alibaba and ten cent may not be there tomorrow in the same form.vestors will get better levels to get in i think that long-term the stories will find a way to work themselves out but no i watched russian dismantling piece by piece and some of it feels similar. the chinese businessmen who have been very powerful in the last five to ten years are on watch and it is a different environment. i am a lot more worried about beijing than i am about washington i think the listing standards are things we always talked about. i think the dynamic for a lot of em players, this is frustrating because em was breaking out in february, all-time highs, finally back above prefinancial crisis areas i think that is frustrating. you have to get china right. a lot of people got china wrong. this is great for samsung and taiwan semi. there are other ways to play it that are going to see a relative flow at the expense of some of the names. frankly i don't think you need to own some of the names right now. >> david, given the interconnectivity. now that you are seeing the d

alibaba is down 3%. of course, that food company taking the brunt of the hit. down 11%.aiwan semiconductor company adr down 1.8%. i want to illustrate here, this is not just one sector in china. it is going for e-commerce companies to across the board. when does the seep into the u.s. markets? for the last month or so, you have seen the new york faang index take a big hit. in addition to some of those big tech gains. in a month where tech outperformed in the u.s., this is been the story. this index actually declined, showing you the selling conviction and the pressure when it comes to chinese adrs. emily: thanks so much for the roundup. mark mobius, the founding partner of mobius capital partners says he sees buying opportunities in china amidst this regulatory crackdown. he spoke earlier today on "bloomberg markets." take a listen. >> what the chinese government is doing is cracking down companies that dominate various sectors at the exclusion of smaller companies. the regulatory crackdown is probably in the long run going to be good for the chinese market. emily: for m

so one name that's cracked the top 20 recently is alibaba alibaba got hit hard in the tech sell-off twoths ago and it's in the top 20. if you look at alternative data. they've been expanding very heavily in the last few months the number of jobless things they have is up over 40% so the company is in pure expansion mode and -- yeah i think reddit or wall street bets are taking notice >> it appears to not have moved the stock price yet, but a pretty big float for alibaba at this point in time so definitely one to keep an eye on justin, we appreciate it >> thanks for having me. >>> still ahead, bezos takes a bow. the amazon founder stepping aside as a new ceo takes the helm we'll break down what the change at the top means for the future of this trillion dollar tech titan and don't forget to send us your quesonantwtis d eet us @cnbcfast money and we just might answer you on the air. we'll be back right after this ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ready to shine from the inside out? try nature's bounty hair, skin

he joined the suning board as a representative from alibaba.ba their second largest shareholder now, but it was part of the conglomerate the did the bailout this month. haidi: -- shery: tell us about the process of the bailout become -- because the concerns about cash flow have been there since september. >> that is right. suning had an interesting beginning to this crisis. it is one of china's largest real -- retailers and because the pandemic, a lot of people stayed home and did not go shopping, so they suffer that way. but also the former chairman decided to forgo a payment from evergrande, several billing -- billion u.n. -- yuen. haidi: we saw the trade limit up in yesterday's session, on the rumors of a potential takeover by alibaba. you talk about the interconnectedness, all of these connections, especially with new management going back. >> so, it could. it looks like the connection between the two companies has grown and alibaba's influence on suning is going to be larger than ever. will there be a deal? i think part of that car collisi

>> xi xinping has a lot of trouble and i think it is unrelated to tencent or alibaba.he point here though is that he's in a drive for complete control of the chinese economy. in his conception of china there is no room for foreign businesses. there is no room for domestic private won't on thes -- entrepreneurs in the tech or other spaces. he wants the economy reserved for state enterprises and state businesses. this is part of this long-term attack. charles: gordon what message does this present to american companies who have really sold their soul for access to the china market? >> well you can make money on a very short-term basis but long term you have got to remember that all of these equities that you invest in, really are at risk unless of course they're a state enterprise. if they're a state enterprise eventually you will be forced out anyway because xi xinping wants this complete control and that is how we should interpret what he has been doing, whether you're talking digital currency or you're talking alibaba. charles: yeah. i mean it is absolutely amazing. a

byd, alibaba, and nintendo.atest where kathy wood is saying we are pretty much done with some of these tech stocks. you're seeing the likes of tencent down another 4% today. alibaba seeing losses of 3%. this is what china's calling the three big mountains in the stock market, according to what we have in hearing. health care, property, private tutoring all being hit. david: no longer mountains. more a hill really. those names that we showed in the price action there, those are actually outperforming today and we will show you the real damage across some other names that we are seeing across this market right now.. there's a buy signal about to emerge in. i will show you that later on here in hong kong. rishaad: a look at the first -- we have a look at the u.s. state department as it raises its pain level, encouraging americans to avoid traveling there. the level of covid cases continue to climb. spain reopened its borders to u.s. tourists in june. california will require all state employees to prove they have be

alibaba and tencent, small companies. chance of these smaller companies to come up and go in a good pace. the other area i am interested in, that is going to be beneficial for some companies. >> what are the areas you see? you have health care, what else could you cd impacted by some of these regulatory crackdown from china? >> obviously indirectly the consumer section will be hit. big companies like alibaba and tencent, they have dominated the payments area. now, the smaller companies will be able to do their own systems. have freedom. that can be beneficial. >> is there going to be another sector in the crosshairs? >> recently a crackdown of that sort of thing in china. whenever you have a crackdown, i would say education would be an area to look at. >> that was mark mobius, the founding partner of mobius capital. plenty more to come. this is bloomberg. ♪ haidi: taking a look at the day ahead for us trillion, earnings later today. in aussie stocks, sydney's much -- sydney's month-long lockdown is expected to be extended

alibaba down more than 3% right now.10-year yield continues to sink below 1.4% we're down to levels we haven't seen since february. it's a move that should continue to benefit the growth gains. is this the whole story. let's bring in mark mahaney. how much of this is macro driven >> i think it's a large component of it and one you pointed out the interest rates that is clearly a ding to a lot of the tech stock, but particularly to the more speck tivoli valued. that's part of it. the other one is we are moving from that cyclical recovery, cyclical play. q2 is fastest. now we're beyond that. we're in q3. you start looking ahead to 2022 and 2023 you like the economies because they grow faster than environments now people have started to wade back into secular growth names the best assets are the ones that trade up today. >> they're just -- they're massive. they seem to have no sign of slowing down sure they've gone sideways here and there for a long time. it seems to stop growing i want to ask you about amazon specifically

will they be worse than what we saw for alibaba? >> yes, chinese regulators are considering a range of attentional punishments which can go as far as the worst delisting from the u.s. stock market although it is unclear how it will play out. the other ones they are considering could include a fine or suspension of certain operations or even the introduction of state owned investors. this is according to a bloomberg news report citing people familiar with the matter. they are telling bloomberg that it is still at an early stage and the options are still uncertain. shery: how will it compare with alibaba's penalties after their antitrust investigation, and what could it do its business? >> the people sharing information about the discussions on penalties on didi could be worse and harsher than the ones from alibaba, which as we know, swallowed a record 2.8 billion u.s. dollar fine after the antitrust investigation. we know that the context is that regulators had warned the company about their concerns with data security with the listi

that's probably good for alibaba.ply trying to take control of their champions here, i think the fundamental, and the macro tail winds line up for this. >> we're just getting started on "fast money," here's what's coming up next. >>> coming up, media moguls are wheeling and dealing in sun valley we'll talk to twitter cfo ned segal about what's on his radar. you don't want to miss that interview. >>> plus, a crypto take down, breaking down today's big moves, and what it means for the crypto current space. we've got that a and lot more when fast money returns. pr what's on the horizon? the answers lie beyond the roads we know. we recognize that energy demand is growing, and the world needs lower carbon solutions to keep up. at chevron, we're working to find new ways forward, like through our venture capital group. backing technologies like electric vehicle charging, carbon capture and even nuclear fusion. we may not know just what lies ahead, but it's only human... to search for it. keeping your oysters business growing

they paid the fine and yet alibaba still, every headline goes down. we saw that in yesterday's session. so how long does this discounted valuation persist? that's the question. how do you price that in >> and do they change? do you go to hong kong how long is that going to be a viable alternative i'm not sure she's trying to mollify. she didn't say anything that we're going to come to your defense on this. she said basically, look, you talk to people, could go to jail crazy. >>> meanwhile, back here it's like summer camp for these people what are they doing out there, do we know are they making deals? >> it's beautiful there. >> it is beautiful are they working media moguls gathering in sun valley, idaho this week. zaslav said media consolidation is only going to accelerate and he intends to be a catalyst. here's what he said to julia boorstin who's there yesterday. >> i think the talk of the week is going to be that the industry is probably striking it solid. brian's built a great company. jeff's doing a great job with universal so we're not done yet

can only wound the industry these are companies today both bilibili selling two times revenue and alibabas three years out. these companies are just way too cheap. so i would have little positions in them to watch and long term i want to have significant positions in all of those companies. >> i suppose for most investors they might understand the near-term risk and the posturing or otherwise that china is doing. but they can't possibly have an interest in harming he's companies. why would they wouldn't investors be on the side of chinese growth or the china east communist party if they have interest in these names? >> absolutely. the u.s. attacking wuhei and an attempt to push chinese influence into africa and latin america and south asia and the u.s. is now pushing back there's a little bit of a good news story, too, two weeks ago the u.s. tried to have an under secretary visit the foreign minister of china and china offered up a fifth level official we turned it down, which was the right thing to do. yesterday they offered up a vice foreign minister which means that you another on pari

that is why companies like alibaba would use vague structures in the cayman islands.nnection with sectors, you have data sovereignty, data security -- >> how do you adequately discount when you don't know the extent of the impact of the crackdown? how do you model valuation when it comes to a sector like education tech which may be priced out of existence? >> good question. they are familiar with the state owned enterprises listed overseas. telecom companies, etc.. they rarely do so for the private tech sector companies. the standard for ipo's. this is a tipping point for chinese regulation in the sector. another example was the criminal crackdown starting in may when the china government announced an attack on crypto mining. many people said they would not really enforce it. the private education sector, people heard about this. people start discounting. people need to start to discount chinese stocks for these regulatory risks. they have to have time for reasonable valuation and potential exit. >> it is just working out. great to have you with us. coming up next, pr

tencent, alibaba, may 2 on -- alibaba, baidu.ll in reaction to the latest tech crackdown in china on the regulatory front. didi, like many of these big platforms we saw eight months ago as well when the ant ipo was discovered at the last minute, many of these companies grew rapidly in the absence of comprehensive regulatory environment. the regulators are trying to plug the and catch up and this particular case, didi, is a little bit different because they listed in the united states, exposing the regulatory uncertainty to global investors more so than perhaps the ant ipo. ant ipo was much bigger and it was not hong kong so it was a global offering. it was in shanghai as well and that could sensually expose many domestic retail investors in china to these expected losses if the ant ipo went ahead followed by regulatory scrutiny, as what happened with didi. listing first and then regulatory crackdown fairly quickly. dow jones newswire is out with a story this morning, saying that regulators in china approached didi in the days bef

they launch another crackdown on ten krent, alibaba and others. in hong kong police arrested the former top editor of the pro democracy apple daily tabloid. >>> earnings alert, netflix misses on the bottom line but beats on the key metric of paid subscriber growth. >>> congratulations, milwaukee, the bucs winning the nba championship it is wednesday, july 21st, you're watching "worldwide exchange" right here on cnbc >>> good morning i'm frank holland in for brian sul sullivan let's get right to the markets after the dow closed up 550 points higher than yesterday monday, the worst day of the year for the markets futures right now in the green the dow up towards the top just about 200 points all three indices closed a percent and a half higher than yesterday. the 10-year, we track that every day. the 10-year yield stabilizing. around 1.25 after falling to its lowest level in five months on monday of course, we're watching cryptos. bitcoin back above 30,000 trading 3% higher this morning we'll have much more on that coming up in the show. now to trad

deidre bossa we were just talking about alibaba in the unknown, regulatory landscape and here we are talking about the potential de-listing and yes, that could be the extreme penalty here, but the fact that it's even on the table is shocking. >> on the table, yeah. >> yeah. guess who else owns a piece of didi and trial i banna and tencent and two of the poster children with targets on their backs and the cybersecurity authority of china and it is basically free to do what they want, and i've said this before. when i think of the world we lived in 20 years ago when resources in oil, specifically were important with strategic assets and data is the new oil and guess what this reminds me a lot of crackdowns wooe seen in other countries especially in places like russia. i hate this, and at first -- i've said this, i'm not adding to any chinese investments here. i don't think they're going to kill the golden goose. i do think that different companies have got know religion and two days after they raised 4.4 billion, it's a $10 stock and no signs of letup and clearly, this is a message tha

haidi: still ahead, alibaba focusing on women founders of australian tech companies. next, president biden is planning to discuss u.s. businesses doing business in hong kong. more on that story ahead. this is bloomberg. ♪ shery: the u.s. plans to issue a warning friday about the risk for companies doing business in hong kong. president biden says conditions are changing as beijing consolidates its threats. pres. biden: the situation in hong kong is deteriorating and the chinese government is not keeping its commitment that it made on how to deal with hong kong. shery: let's bring in alex mine. does the morning come with any sort of action? alex: no, this is probably going to be information that a lot of businesses already know. plenty of corporations understand there is some risk operating anywhere that falls under the jurisdiction of the chinese government, and they accept that risk is part of the cost of doing business in hong kong. the potential profits outweigh those risks so far. haidi: hatters this it in the pace of what we now see as the biden administration ap

remember, i remember the alibaba ipo back in 2014. i was on the floor of the new york stock exchange for that. and i was talking about the risks, and these are world class companies, but there are risks. you are not investing in the equity of alibaba, you're buying an offshore shell that has contractual arrangements called a variable interest entity. this is very sophisticated stuff. the chinese could pull the rug out from under it. all these things you really have to understand, and to a man my clients were telling me, no, no, no, this is great. and they were right for many, many years because policy risks didn't seem to exist when you're dealing with china tech companies. but it's back, and it needs to be factored n. ashley: yeah, it does. you have to factor in the loss of revenue back in china when you cannot be a part of the majority of the app stores. i want the move on quickly, leland, talk about this warning about hong kong. you know, the concerns that people may have had dealing on the mainland in china should now consider hon

. >>> a big bullish bet on alibaba.earnings tomorrow, what the traders want to hear from a trio of tech stocks when we come back and there you have it - wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. : welcome back, here's a sneak peek at the cramer cam jim sitting down with marc benioff for an exclusive interview at the top of the hour only on "mad money." alibaba having a bit of break down this year let's get to mike khouw with all the action m mike. >> we saw that calls outpaced puts by more than 4 to 1 we saw a lot of activity, for example, in the july 30th, 215 strike calls, and then looking out to the 215 and 217 1/2 calls that expire in august, those would capture earnings the most intere

half a 1000000000 of these people, migrating their businesses and merchants on line, be 10 cent and alibaba. so it's going to be a very significant challenge for the us to kind of win them off of already entrenched chinese technology. and they've been china's president, she has actually spoken out recently about this possible deal making reference to the idea that the u. s. wants to make these deals as a way to protect american power and the profits of american technology companies. something kristie just alluded to. there as well. is there truth to that? i would say, yes. i agree. i think there's a lot of truth to it. i mean, i think at the end of the day, we will have to recognize a couple of one of those points is that china obviously is leading the way it in terms of technology. and there's a lot of concern about how the rest of the world keeps up with that. how do you keep up with what's happening? just a couple of numbers for you in terms of what's happening in terms of growth, but half of asia, economic growth in the last decade came from technology and innovation sectors. get this a

alibaba down 10% hello nixed plans to go public joining me now is larry lindsey, president and ceo ofroup. he just published a novel called "currency war. larry, it's great to have you. it might be a novel, but it definitely deals with issues confronting china. what do you make of the latest moves by regulators there? >> i think it's an important lesson that what matters to xi jinping, which is a little bit different than what mattered to his predecessors, is control it's control by the communist party. that is first, second and third. and growth is now going to take a backseat >> so, that's -- i mean, if growth takes a backseat, we've all been talking about the last 10 or 15 years how china's growth model should be immolated by the world and they're going to be the biggest economy coming out of the pandemic. and they're changing the rules for how you can do this kind of capitalism have they gotten ahead of themselves have they gotten overconfident is it going to work? >> well, the trouble with forecasting is it's tough to do particularly in the future it's their decision. it's xi jin

the likes of didi and alibaba, those are holding the stock exchange back a little bit. what this chart is showing. as we are talking about risk sentiment, we have to talk about bitcoin. it is turning into this macro risk sentiment indicator and it has not been doing so well year to date. you are starting to see this decline and you are seeing it as lower. caroline: so much for the diversification trade. overall, a risk asset, it would seem. let's turn to the world of tiktok. there is one certainty and that is content creators on the platform is turning short form videos into a seriously look at business. while content creators are making money on the platform, there is a significant audience turning to social media to get tips on how to navigate the stock market. there is even a term for it, fintok. -- fintok. you are known as robinhood kid. talk to us about why tiktok is such a great communicator for the world of finance. >> going back, a lot of people would say people of my generation have a short attention span. whether it is through longform studies or whatever it m

alibaba is also down as well, jd.com.ng to the authorities, to have the ability to conduct big data analysis of individual behaviors and habits. there we go, that is a look at tech in china. under some serious pressure. moving away from china and into india, where the monsoon season has stalled with reince decreasing and blistering heat driving north indian power to new highs. let's assess the impact of the delay. thank you very much for joining us. we do have this shortfall, it came early and has been quite plentiful up until now. guest: it has become normal. [indiscernible] on the 26th of june [indiscernible] rishaad: do you expect a revival in soon -- the reince soon? your forecast in july is going to be crucial. it is like vital for crops. guest: it's very crucial for agriculture. we hope the rainfall will be normal. [indiscernible] if you look at the current situation, [indiscernible] from the 10th of july onwards we're expecting [indiscernible] will look compensated with rainfall in the second half of july. [indisce

and this would essentially be copying alibaba because ali baba has their alley bucks, and that's been a tremendous success, because you can use allie bucks to directly pay for items on their marketplace and receive discounts for using the payment of that platform. so for amazon to do this, i think it's very smart. a do i like it? not really, because then it kind of sucks us into the shy. norma's amazon centipede, where you're shopping with amazon managing our life with amazon. alexa, eating with amazon at whole foods, basically doing everything amazon and now banking and payment with amazon. so it gets like into this very dangerous kind of monopoly thing and to bone fine. i think they're going to base a lot of regulatory scrutiny here just like facebook. but i think the difference is how they define the scope of this coin. because facebook was a little over ambitious with their lever project. they said they were going to create the currency of the world, and it was very ambitious and they had absolutely no plan out how to do it. but regular here, this and they get all freaked out bein

a lot of these tech companies dating back to alibaba, they set up structured companies and went off one on the british virgin islands, listing outside of china. sidestepping the strict, regulatory framework from listing in china. now china, because the united states is trying to get data out of these companies, is threatening -- >> can they share that data? >> this has become -- as we know here, national security is an important priority of beijing. they see what loopholes? they see areas they need to close. >> there is at least 34 companies in china planning to list in the u.s.. on what grounds would they still want to do that? seeing these regulations. >> i think lala move is one. hong kong logistics and delivery company seeking upwards of one billion u.s. dollars. again, these companies are going to have to decipher whether it is worth the wrath of getting chinese regulators on their back. from the dd situation, it looks they can do many things. we know three months prior to the listing of dd, regulators went there and said hold off. hold off. as well as do a complete security revie

is stopping all these overseas ipo's because in the previous years, on these investor companies, alibabaample, and didi are seeking overseas ipo's. they circumvent the policy regulations while management companies and foreign investors, on the spend it's from the growth of new china while the domestic investor has no chance of getting benefits from growth companies. -- allow this continuing now that we open up our own domestic markets to foreign companies. ipo's inside china, foreign investors can still come in to buy all these companies. this is the reason why china stopped on these overseas ipo's. shery: ye xiu, thank you so much for that insight. analysts weighing policy risks from china. sophie kamaruddin in hong kong with a wrap of morning calls. any comments that stuck out? sophie: when it comes to china's education stocks, so far this year, we have seen more than $126 billion in market cap wiped out for names traded in the u.s., china, and hong kong. chinese tutoring companies are now virtually un-investable. they have set price targets at net cash value which might not even fully

taking a look at alibaba, we are down three point 8%, the most since may 14.e also see the likes of may 2 undone 2.8% as well. perhaps now that we have passed this centennial, we are seeing a bit of a selloff today. you take a look at what is going on in the tech space, 2.8%. as we have been talking about the broader market, there has been still quite a lot of focus in the tech space, not so much when it comes to china tech, but you see when it comes to china tech, still very much there. juliette: indeed. coming up, goldman sachs said removing offices in tokyo. we will consider the impact on commercial floor space next. this is bloomberg. ♪ juliette: you are watching bloomberg markets: asia. robinhood filed publicly for an ipo undisclosed it became profitable in the last year, but losses jumped in the first quarter of 2021. it also revealed that 17% of revenue came from cryptocurrency. the company's potential valuation has yet to be cleared, the bloomberg estimates it could be worth as much as 40 billion dollars. nissan says the global semiconductor shortage c

like the tencent and alibaba, those were china consumer plays. they have become mega caps. that shift in the way the market values companies that will last and are sustainable, what metric are you guys using to determine which types of tech companies or biotech companies will tend to be your future tencent and future alibaba? mr. anand: david, one of the important points to bring up is that concept of what metrics look at. i think for the cycle in front of us, i think it is important for investors to really consider valuation and the margin of safety it offers. this is different in the last cycle. in the last cycle, assets were expensive and more expensive. assets that were cheap became cheaper. rather than thinking about this in a uniform sectoral way, you have to look at the fundamentals of the business and put that against what we see in terms of the valuations. some of those large chinese internet stocks. because of some of the impact sentiment more recently, the valuations of those companies have come down a fair bit. they are still very robust businesses. in china, as

uber has a stake in didi alibaba. >> is didi bigger? >> i did not think so.ured it out yet. >> potentially not maybe there is something at play there. >> it is interesting to see didi down so much more than the rest of them. >>> in the meantime, if you are a beer fan, sam adams. boston beer shares are tanking sam adams reporting $4.73 a share. $2 short of estimates. revenue of $603 million. missing estimates by $5 million. on the call, executives had high hopes for the truly hard seltzer brand that did not materialize blaming several factors. a maturing market and a crowded market of new brands in the category tough comps compared to last year when people stocked pantry. and slashing target from $1,550 to $875 per share. it downgraded the stock from k neutral to buy >> i wonder the switch interest buying and stocking at home and being out. maybe the grand brand doesn't he same relationship. a lot of them. high noon. what is the one that joe kept talking about last year? so many seltzer brands there are a million of these. >> they are everywhere >> if you can

we've had, we've, we've had alibaba last year. they had a $34000000000.00 ip scuppered because probably because of remarks by jack mar saying that the state banking system needed to be reformed. so there is, there is a big crack down on tech at the moment. this is also the week after the chinese colonies party celebration 100th birthday. it's riding high, and it feels that wants to demonstrate that it's in control, that it wants to show the people also that it shows that it's concerned about tech security because everyone is afraid of that is concerned about tech security. but i think a big part of it is the fact that they want to show who's in power and the timing of everything, as he said, is crucial because recruiting, thank you very much for coming in today. now a quick look at some other business stories making headlines. a criminal gang behind the latest ransomware attack is demanding $17000000.00 in crypto currency. the hack which exploded bone rebuild. he's in management software made by us. it has infected thousands of co

there's even talk now that other large chinese companies, like alibaba may be way bo consider to pull out off the american financial markets right way. beau is reported to consider a share buyback with a large amount of money that it wants to pay its investors to pull out corner goes in and frank, for thank you. now to some of the other business stories making headlines, the international monetary fund is increased. it's lending capacity by $650000000000.00 that funds reserve for countries in need of support to recover from the condemning. i'm a managing director for selling nike or give our calls the program a shot in the arm for the world. european central bank has set a new inflation target and just under 2 percent it follows the biggest overall history of the main changes being that the central bank will consider climate change in its policy. this was a german government flip flop. has dealt a severe blow to port her goals, all important tourism industry. german tourist cancel their vacations there after berlin issued a travel warning only to cancel it after a week the young garve

in the case of alibaba, it has to do with abusive personal data.t: ed tech, parents having more babies. andrew: they are not tried to close down all aspects. they understand e-commerce has been one of the greatest success stories of the chinese economy, the biggest e-commerce segment in the world. it is more about bringing people into line, telling jack ma who is boss, asserting political control, political authority. in the case of ed tech, closing it down. we don't need it, it is gone. for investors need to understand, this is a different world. matt: this is why we are maybe focusing on the wrong thing. to us, the most important thing is the value of these shares. to them, there are much loftier goals they have, they have the control of the commonest party. we could go longer on this but fortunately, our viewers can subscribe to the new economy. andrew browne, check out the new economy daily. it is focused on what is driving the global economy and what it means for policymakers. this is bloomberg. ♪ and there you have it - wireless on the fastes

companies were depended on alibaba's party.'s been like option for entrepreneurs. >> what about the tiny eco system one of the only country tech giants rival ours in some cases in terms of technology could argue, some do argue ahead of ours in terms of that super app. >> for those investors investing in china are in for a rude awakening. the landscape of investing in china is morally problematic, legally problematic and now financially problematic. >> keith, government control it's not a china thing u.s. as well when it comes to this latest case against google, the sense that, at least some feel that these companies have gone too far with their dominance with technology and need to be reined in. what puzzles me about some of the cases against google, the thesis, the narrative seems to be focused on individual consumers versus advertisers, or developers, or partners where it seems, to me, like the case would be stronger. what's your take on the approach here that the states and in some cases the feds are taking? >> well we've se

so, tim, alibaba is pretty much the proxy many investors have for the chinese market overall how are you trading it >> i'm trading it from the long side, but i'm as frustrated as anybody, and i've been wrong on being long for the last six months we were having that breakout moment, and around the ipo scuttling, dismantling began a series of very difficult headlines for this company as it related to the regulator, so antitrust and otherwise. look, they made a settlement, they did some of the right thing, they're saying certainly the right things, they have no choice the question here is really for a company whose core business is growing at about 20%, and the multiple to me was somewhere around 28, 29 times forward. look, i think this is becoming extreme long-term value. the market business is where they'll show some strength there is heavy investment there as well. look, i'm not jumping out of this trade i think it's been a very difficult run, and if you don't believe that the chinese regulators are going to understand the importance of this called a national chinese company, then yo

crackdown that we are seeing against a number of big chinese tech giants, the likes for example of alibaba—— parent company was due to list last year and it was stopped at the last minute as well as of course inaudible which found itself in the cross buyers for beijing. what this will mean for us investors and investors around the world is they will need to look potentially more significantly when they make investments in china to see whether or not they are indeed going to be good investments and that is going to cause a problem. when it comes to didi, one analyst told me earlier that really is going to have a long, hard, difficult road ahead facing these allegations.- difficult road ahead facing these allegations. 0k, katie, thank you _ these allegations. 0k, katie, thank you for _ these allegations. 0k, katie, thank you for the _ these allegations. 0k, katie, thank you for the latest - these allegations. 0k, katie, thank you for the latest on i thank you for the latest on that. let�*s get some of the day�*s other news. a formal settlement has been reached between the insurers and owners