many articles were like, where is jack ma? the fact she commented was encouraging but analysts say it might have done the opposite because why are you commenting? the second is where. he did it in a forum and praised pdd, is rival, a formidable competitor of recent years saying alibaba needs to course correct. that is the second and third is timing. it comes shortly after pdd reported blockbuster results. i am not sure if it actually motivated folks, but it's really interesting the fact he commented. ed: it's a surprise in and of itself that somebody has not been operationally involved since 2020 commented at all and then calls out one of the biggest rivals saying the following about them. "here is the story as i see it. show the performance on the adrs at least of the owner of teemu versus alibaba. the chart speaks for itself. explain to the audience, henry, that battleground between alibaba and temu owned by pdd on the e-commerce side. henry: on one hand, alibaba is struggling to gain ground in the domestic market with its s

stephen: i will give you the final word, you and i know jack ma, sounds like alibaba needs jack ma back, but that's not going to happen, right? duncan: and we feel his clearing absence. the dinner in san francisco, he was there. more interestingly, his voice, what would he say about ain china's role of climate change. he was a global figure that was on mute. he's not even on zoom, but is definitely on mute. yvonne: founder and chairman at pda china. asia, our exclusive jet with bill winters on his outlook for the bank and his years on inflation and rates as well. rishaad: this pink diamond is set to make waves at christie's upcoming auction. we are talking alternative investing. that and more. it's a snip, i'm sure. we will tell you how much it is estimated to be worth. this is bloomberg. ♪ rishaad: that's a snapshot of a fairly boring day when it comes to the treasury picture. we've got what was seen as that yield search. loosing the rally of on sticking place. we've got a lot of what's going on with foreign investors adding to the current volatility. that's a reason we seen a lift off

jack ma set up kitchen food. the business involves the sale of packaged agricultural products.g with china, the owner of tiktok is here but they are planning to cut hundreds of jobs in gaming. a closure that marks the by tedance step down, we have the president and ceo of nickel partners covering the asia games market and its consumers. you are the perfect voice. was this a game of market share, were they unable to take on other giants? >> ultimately, it may have been that but i don't think the games industry has ever been their primary focus. tiktok is a huge force to reckon with around the world. bytedance entered the game space with new versus several years ago but it doesn't have a strong percentage of their global revenues in any given year. they have some flagship brands like the mobile legends bang bang but that's well known throughout southeast asia but has not launched yet in china. this could be at the five-year mark, they're looking at their five-year plan and saying maybe we need to restructure. ed: it's good to set the scene. tencent is the giant not only in china

the other big story we're watching among chinese tech the is the alibaba founder jack ma saying it isime for a course correction. just consider how it has been upfleefl the company this year. earlier we heard how it was going to break up into six different division and eventually those plans to spin off its cloud unit was scrapt scrapped. with saw it already under pressure. that memo came out. sliding a bit more negative now. he went as far as to say they are getting things right. also knocked things out of the park. let's take a look at what else is dragging the mscia asia pacific. not good for the japanese banks. timeline perhaps pushed out further. let's take a look at other asia fx as well. on the back of those fed expectations that is benefiting the offshore currency finally breaking through with 200-day moving average. we're keying is kiwi rallying on the back of that hawkish call. lizzie? >> thanks. now i want to get into the meat of that fed speak next. the narrative of the fed pause gaining further traction. you have had dovish comments from fed officials driving the dollar.

jack ma disappears and the same thing is happening with other large tech ceo's.rom a government's perspective, it is hard for u.s. investors to invest. alix: on a company level are you worried about companies that have a lot of share to china, like apple? we have seen the difficulties of huawei's phone gaining popularity. ankur: it factors into all of our thinking. china is a big consumer of iphones and they are an end market. but that is a slightly different ball of wax because that is the end market and the health of the consumer and the growth and the stimulus that the chinese government is allowing into their economy. which is different than the control aspect of what china is doing to companies that are chinese. guy: let's talk about what is going on around the world. oil prices are coming down sharply. the bond market is responding. you have got the retailers telling us the top line is slowing down, i.e. the consumer is, spending less. but this all feels like an economy that is maybe slowing down more than we first feared. maybe this is the bad news is good

jack ma is walking back plans to sell 10 million shares of alibaba. who founded the internet company will continue to hold onto his stake worth about 870 million u.s. dollars. alibaba shares recently phrased a set off resulting in a 22 billion dollars drop in market value in a single date. slim pickings for this thanksgiving box office weekend. working against disney's latest animated film wish. in the past thanksgiving has ranked among the most lucrative times for movie studios. in recent years a number of factors conspired against that such as the rise of streaming services and scaled-back marketing due to the hollywood strikes. it's been an incredible week in silicon valley. that does it for this edition of bloomberg technology. for those in the u.s., happy thanksgiving. around the world, do not forget to recap whatever you get your podcasts. so many of you are listening to it on apple, spotify, i heart and of course all the bloomberg platforms. happy thanksgiving to all americans in the world. stay tuned in. this is bloomberg technology. it's an a

caroline: after staying out of public view for years alibaba family --founder jack ma speaks out to employees

we are also watching alibaba as well, founder jack ma reversing his mind to trim his stake in his companysia"." market coverage continues and we look ahead to the start of trading in hong kong, shanghai and shenzhen, this as asian markets sea of muted start to the trading day. japan is on holiday. we are watching the legs of origin energy here in australia. this is bloomberg. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at ris

business they're canceling the full spend of that cloud segment as a result also some filings indicate jack ma'st $870 million. "squawk on the street" is right back after this. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. ♪♪ we're not writers, but we help you shape your financial story. ♪♪ we're not an airline, but our network connects global businesses across nearly 160 markets. ♪♪ we're not a startup, but our innovation labs use new technologies to help keep your information secure. ♪♪ we're not architects, but we help build stronger communities. ♪♪ we're not just any bank. we are citi. ♪♪ ♪ my name is josh sanabria and i am the owner at isla veterinary boutique hospital. i was 5...6 years of age and i knew i was going to be a vet. once alexandra called me to let me know that bank of america had approved my loan... it was important to me. we not only just provide the financing piece, we do everything

jack, la data nos muestra que a la gente le encanta nuestra sabrosa ultimate cheeseburger. muéstrame esa data. ¿Él sabe que estamos aquí verdad? mis ultimate cheeseburgers máseaccionar y continuÓ su presentaciÓn sentado en el suelo, despuÉs se levantÓ y terminÓ el concierto con grandes ovaciones. carolina: lo mÁs bello fue que tambiÉn los mÚsicos estuvieron con Él, se sentaron para acompaÑarlo. el astro argentino del inter miami aprovecho para dar un paseo de bajo perfil, creÍa Él por los parques de disney en orlando, acompaÑado de su esposa y de sus hijitos, el campeÓn del mundo entrÓ a disney usando una capucha de su abrigo, pero aÚn asÍ >> un dÍa como hoy con frecuencia. vamos a escuchar lo que nos dice un portavoz. >> notamos que hay un aumento en etapas de suplantaciÓn de identidad. es importante que cuando la gente reciba cualquier notificaciÓn no realice ningÚn pago, no siga la comunicaciÓn con ninguna persona que pueden resultar estafadores. >> esta temporada de compras de fin de aÑo se iniciaron con el famoso viernes negro. ese dÍa en ventas en lÍnea se alcanzÓ casi $ 10.000 millones, algo histÓrico y una diferencia muy marcada el aÑo pasado, un in