companies like amazon alibaba and others already very strong in this area it would certainly not be sensible to wait until they have the perfect solution on the market but to take the initiative now. we've designed a digital customer interface using our we connect services and we'll continue to expand and develop that. carmakers are working on their digital strategy individually as rivals the prospect of one big mobility platform for all isn't on the cards. they have been ideas and discussions on not but no decisions yet. so there's plenty of room for innovators from other industries to play google and apple are already on the job. even aircraft maker sense an opportunity. it's. there's any big breakthrough the german part of maker could once again find itself playing catch up. and from 4 wheels to 2 you think it'll be a little harder to win over real redhead's when it comes to going electric and there are a lot of hurdles when it comes to the technology but even motorbikes a racing up the popularity ladder we put 2 of them to the test drivers dhoni and chi static. we're going to find out wh

stop where companies like amazon alibaba and others are already very strong in this area it would certainly not be sensible to wait until they have the perfect solution on the market but to take the initiative now. we've designed a digital customer interface using our we connect services and will continue to expand and develop. the carmakers are working on their digital strategy individually as rivals the prospect of one big mobility platform for all isn't on the cards. there have been ideas and discussions on not but no decisions yet. so there's plenty of room for innovators from other industries to put google and apple are already on the job. even aircraft maker sense an opportunity. if there's any big breakthrough the german art of maker could once again find itself playing catch up. and from 4 wheels to 2 you think it'll be a little harder to win over real redhead's when it comes to going electric and there are a lot of hurdles when it comes to the technology but motorbikes a racing up the popularity ladder we put 2 of them to the test drivers dhoni and chi static. we're going to find o

stop where companies like amazon alibaba and others are already very strong in this area it would certainly not be sensible to wait until they have the perfect solution on the market but to take the initiative now. we've designed a digital customer interface using our we connect services and will continue to expand and develop that. the carmakers are working on their digital strategy individually as rivals the prospect of one big mobility platform for all isn't on the cards. there have been ideas and discussions on not but no decisions yet. so there's plenty of room for innovators from other industries to pull ahead google and apple are already on the job. even care craft maker sense an opportunity. if there's any big breakthrough the german part of maker could once again find the c.e.o. playing catch up. and from 4 wheels to 2 you think it'll be a little harder to win over real redhead's when it comes to going electric and there are a lot of hurdles when it comes to the technology but motorbikes a racing up the popularity ladder we put 2 of them to the test drivers dhoni and kai static. we

have to add companies like amazon alibaba and others already very strong in this area it would certainly not be sensible to wait until they have the perfect solution on the market but to take the initiative now. we've designed a digital customer interface using our we connect services and will continue to expand and develop that. the carmakers are working on their digital strategy individually as rivals the prospect of one big mobility platform for all isn't on the cards. there have been ideas and discussions on not but no decisions yet. so there's plenty of room for innovators from other industries to put google and. apple are already on the job. even aircraft maker sense an opportunity. if there's any big breakthrough the german part of maker could once again find itself playing catch up. and from 4 wheels to 2 you think it'll be a little harder to win over real redhead's when it comes to going electric and there are a lot of hurdles when it comes to the technology but even motorbikes a racing up the popularity ladder we put 2 of them to the test driver's unit dony and chi static. we'r

suffer too at companies like amazon alibaba and others already very strong in this area it would certainly not be sensible to wait until they have the perfect solution on the market but to take the initiative now. we've designed a digital customer interface using our we connect services and will continue to expand and develop. the carmakers are working on their digital strategy individually as rivals the prospect of one big mobility platform for all isn't on the cards. there have been ideas and discussions on not but no decisions yet. so there's plenty of room for innovators from other industries to pull a google and apple are already on the job. even aircraft maker sense an opportunity . if there's any big breakthrough the german automaker could once again find itself playing catch up. from 4 wheels to 2 you think it'll be a little harder to win over real redhead's when it comes to going electric and there are a lot of hurdles when it comes to the technology but motorbikes a racing up the popularity ladder we put 2 of them to the test drive as you did tony and chi static. we're going to f

amazon rabbis in the u.s. and chinese regulators hit e-commerce giant alibaba with a record fine. over whether to set fire over the next few days for japan with loss the clear skies cloud in the process of pulling out into the open waters prices guys coming back in behind some pleasant spring sunshine then temperatures getting up into the low to mid twenty's for many krippen it certified in try not too bad there into the northeast of childbirth essential parts of china thickening cloud here will make its way further race with and it will turn increasingly wet some heavy downpours as we go on through the next day or 2 off at me on into sunday and monday heavy downpours meanwhile continue across malaysia more lively showers there across indonesia more flooding concerns into indonesia further north we got some rather shop showers from time to time into parts of india china think thailand probably see the wettest of the weather as we go through the next day or so and some showers today on the other side of the but i've been goals from the weather making its way towards for lanka over

for example, compared to amazon, amazon has hundred 50 million users, shoppers, subscribing to the prime service. it is about 65 percent penetration. alibabaying to do the same thing but only has 30 million annual shoppers. subscribing to its social and. that is under 5%. the company can do a lot to deepen engagement, to deepen and grow by deepening the monetization. >> fairly quickly, what about the murky side of the story? the ant group, the fintech arm of alibaba, 50 3% -- 53% owned by jack ma, it is going to be folded into a holding company by the pboc and will have to abide by banking regulations. this is a big problem, because they get their biggest avenue from micro lending. -- biggest revenue from micro lending. what is the impact to alibaba and what does it mean to ant's attractiveness as a global ipo? junheng: it will get squeezed. when you become a financial holding company, your subject to regulation and oversight as if you were a bank. you're no longer considered to be a fintech or technology company. on the valuation side, your evaluation needs to come in line with the bank stocks. average bank stocks trade at one to 1.5 or s

alibaba and ant group, but widening the net on other companies here in china. the markets will watch closely as to what happens next. >> i guess the equivalent here, arjun, is amazonank and a banking mobile app and everybody used that, but only with amazon. that would be a good rough analogy to what ant group is >> reporter: yeah, absolutely. given the scale of amazon. that is the scale we're talking about. bigger for ant group >> even bigger arjun, thank you very much big crackdown in china they are sending fighter jets over taiwan. a lot to watch there. >>> a lot to watch here, by the way. when we come back, just when you might have thought the spac trade was slowing down, investors brace for what might be the biggest deal yet in the spac space that could come as soon as today. >>> later, blazing and scorching. sizzling how do you describe the red hot housing markets? the morning's rbi and how hot it really is. those stats are on the way [music: “you're the best” by joe esposito] [music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today. everyone wakes up every morning to a world that