andrew calia is managing director of orient capital research, which conducts independent research on china. he says, the chinese government sees jack mark as a threat. there's 2 problems with jack mar, according to beijing. one is that he's a well funded very popular billionaire who could gradually it controls to large companies and financial and l. e. bob, which was the amazon china and the 2nd thing is that he actually was starting to compete because it, and financial with some of the state or banks in china, which are the backbone of the economy. so for those 2 reasons, they thought he was a threat and they're cutting him down to size. it's a terrible message. a china is struggling with the slowing economy and they're pouring money into, into this state sector, which is not going to help their growth going forward. at a time when, of course they got the cobit problem, the large tech giants have been the one area of hope in china because they're very effective and very efficient, but they're perceived as a threat. and meanwhile, the smaller companies that employ the vast majority o

andrew calia is managing director of orient capital research, which conducts independent research on china, joins us now live from hong kong. good to have you with us. so 1st of all, why is jack mall doing this? jack is either made the choice or most likely it's been forced out of control of the company. the founded a number of years ago, because he's perceived as a threat to the chinese government. there's a couple, there's 2 problems with jack mar, according to beijing. one is that he's a well funded very popular billionaire who could gradually it controls to large company financial and bob, which is the amazon china. and the 2nd thing is that he actually was starting to compete because of and financial with some of the state banks in china, which are the backbone of the economy. so for those 2 reasons, they thought he was a threat and they're cutting them down the sides, so perceived as a political, as well as financial threat to the system. what message does this send to other corporate giants to startups to well, it's a terrible message. china is struggling with the slowing econ