joining me now is our asia tech correspondent karishma vaswani. 176 hong kong dollars is the listed price we have seen itjump 8%, underlying how much interest and appetite there has been for this stop, particularly in mainland china. the reason why this share sale is significant. it gives that opportunity to mom—and—pop retail investors in mainland china to bind toa investors in mainland china to bind to a company they know really well. this is a company that makes two—thirds of its revenue from the chinese market and in a way, it's coming home, as jack ma once said because in 2014, they listed in the us before they listed in china but the timing is hardly ideal. why not? we talked about this on the programme, political protests, petrol—bombs, the backdrop you are seeing with the ongoing demonstrations in hong kong over major political issues, a lot of a nalysts major political issues, a lot of analysts questioning whether this was the right time for alibaba to list its shares in hong kong. 0ne band manager said, if they waited, they might have got a better valuation next year but there i

government to spy — something which huawei has always denied. 0ur asia business correspondent karishma vaswani in the wall streetjournal, this is all according to a report in the wall street journal, while this is all according to a report in the wall streetjournal, while by according to the journal is getting ready for another big fight with united states, this time the journal —— the company is preparing a lawsuit against us federal communications commission which you will remember last week made the decision that it will become harder for huawei to do business with the few remaining customers that it has in the uk market and that is in the rural sector. i contacted huawei following this report, they told me they had no comment on what the journal said but a person familiar with the situation told me there is a press event scheduled that huawei is holding next week, that journalists have been invited to and it is the same venue that huawei launched its last lawsuit against the us at for similar reasons. while we can't confirm the journal 's report altogether, this move will be in keeping wit

as our asia business correspondent karishma vaswani reports, this is adding yet another challenge forto do business in both countries. 0ne product for china and another for the rest of the world. welcome to the splinternet, two digital ecosystems running side—by—side. and nothing illustrates it more than tiktok. 0wned nothing illustrates it more than tiktok. owned by a chinese company, tiktok. owned by a chinese company, tiktok now has more than half a billion users with a big chunk of its market in the us and india. the way we use tiktok outside of china is completely separate to how it's used inside the country. same at, but different networks, different censorship policies, kind of like a digital twin. but that wasn't a love for us lawmakers dominated the chinese social media company is using tiktok, its global offering, to shape what the world and americans see and do on the internet. but along with new challenges, the splinternet also presents new opportunities. you can essentially duplicate your site. this man built chinafy, a website that makes international websites load faste

karishma vaswani is our asia business correspondent.ore about today's big debut for alibaba. it has been a highly anticipated share offering. in fact it is now on track to be the biggest share offering of 2019, meaning uber —— beating oh $8 billion. there has been so much excitement about alibaba listing been so much excitement about aliba ba listing in been so much excitement about alibaba listing in hong kong is because as the company has consistently said it is a way in the words of the former chairman to bring alibaba home. two—thirds, more than two—thirds of its revenue is made from the mainland chinese market and you saw that very much on display at the listings ceremony today when many of the companies customers were actually the ones hitting the symbolic gong to point out the moment to shine a light on the moment that trading actually started. there have been many questions asked about why right now was the ideal timing for alibaba to go ahead in this on the hong kong stoppage change. you are looking at a background of political

as our correspondence karishma vaswani finds out, this affects companies trying to do business in bothfor the rest of the world. welcome to the splinternet, folks. two digital ecosystems running side—by—side. and nothing illustrates it more than tiktok, the social media app which is taking the world by storm. 0wned social media app which is taking the world by storm. owned by chinese company world by storm. owned by chinese co m pa ny byte world by storm. owned by chinese company byte dance, it has 500,000 viewers with a big chunk of its base in china and india. it is very differently is inside to outside the company. same ap but different network, different servers, different censorship policies, kind of like a digital twin. but that wasn't enough for us lawmakers. they say the chinese social media company is using tiktok, its global offering, to shape the world and americans see and do on the internet. but, along with new challenges, the splinternet also presents new opportunities. we effectively duplicate your site, so in the left you have the global version, on the right we create

karishma vaswani has the latest on this in singapore.ank that was snapping up so many companies has made some poor choices recently? yes, this is softbank's first quarterly lost in 14 years and the group 's founder made a name for himself so far by taking stakes in tech firms that many around the world will know now, companies like ali baba world will know now, companies like ali ba ba which world will know now, companies like ali baba which at the time were little known companies, but those bets paid off. recently his decision—making hasn't been so strong. there has been a string of humiliating losses in more high profile investments in companies like wework and uber and those have raised questions over his strategy. he invested in the companies through the saudi—backed vision fund. it had $100 billion to invest in what were considered riskier, but hopefully higher return companies. now, people are questioning since the investments didn't go so well, what happens to his plans for a second can have vision fund. industry watchers are wond

it all happened in the hang seng. 0ur asia business correspondent karishma vaswani is in singapore... place against the backdrop of political protest, petrol bombs being thrown at police and protesters, and reports are certainly worries that executives may well have been the target of some protests when they went to the hong kong listing earlier today. that didn't happen. the listing of ali baba that didn't happen. the listing of ali ba ba and that didn't happen. the listing of ali baba and the hong kong stock exchange was very smooth, certainly, perhaps more low—profile or low—key than what we would have expected. but the current chairman was there and he talked about how this is a vote of confidence in hong kong and it was about bringing ali baba back home to hong kong, remember, in 2014, when ali babbitt listed in the united states, actually, it initially wanted to list on the hong kong exchange but because of certain technical regulations at the time, to do with share ownership of the company, the firm chose the united states instead. now, notwithstanding the fact there are politi

karishma vaswani is in our singapore bureau — what's the response from the us?one hand we've seen one us official saying we could roll tariffs if we got to the phase one pa rt of tariffs if we got to the phase one part of this deal but there also reports within the administration, there is a lot of discussion shall we say, whether or not they should go about lifting these tariffs so easily at a point when the us and chinese have yet to hammer out some of the fundamental parts of this trade agreement. remember, it is one of the only ways that america can continue to sort of hold this mistake over china to get them to the negotiating table and to get what it wants out of this deal. and if we get phase one of the steel what about the second phase, what happens then? with phase two, it's a much harder slow, these are issues like intellectual property protection, the fact that the us accuses china of forcing american companies to hand over their tech to chinese companies and of course, the issue of enforcement which is like the tariffs are such a big deal in all of t

karishma vaswani is in singapore. there is a lot at stake?iland and vietnam are on the list, the big group of us business people as you pointed out, tesla, boeing, each of these countries has seen i think it will be fair to say, a testy relationship with the us recently on trade, thailand has lost some aspects of its preferential trading status with the united states because of allegations on worker abuses, indonesia which is of course the big focus for this trip, it wants to retain that status but it is also dry to navigate that relationship with boeing which of course is under fire under two crashes involving the same model of aircraft, 737 max plane. 0ne crashes involving the same model of aircraft, 737 max plane. one of those involving the indonesian airline lion airand those involving the indonesian airline lion air and now, really one of the standard beneficiaries of the us china trade war has caught the attention of the us which frankly says, vietnam you are not buying enough american products so it's very worried about being hit with

our asia business correspondent karishma vaswani has more.esn'tjust do shopping. think of amazon, ebay and paypal all rolled up into one massive company. that's alibaba, and it does even more than that. the firm is also into artificial intelligence, cloud computing and digital payments. and that's what alibaba says it needs to raise this money for from new investors, so that it can invest and expand its businesses. now, the hong kong flirtation is the company's secondary listing. it had previously listed shares in the united states, but the timing of all of this is very questionable. at the very least, it does raise questions about why alibaba has chosen to make this move against the backdrop of months of political protests. more of andrew neil interviewing jeremy corbyn. hello there. well, many americans are thinking about heading out to their families for the thanksgiving holidays, but it looks like the weather's going to turn nasty for some. got an area of low pressure here that's been bringing some heavy snow from colorado, wyoming, nebra

let's go to our asia business hub and karishma vaswani.rticular the mainland chinese market and investors out here in asia. and certainly we saw appetite for the shares from those sorts of investors today. the share pricejumped some 7% on the first day of trade, so really underlining the fact that many people out in this part of the world, and in particular mainland china where the company makes more than two thirds of its revenue, really quite keen to snap up these shares. is this a sign of confidence in hong kong despite all the turmoil? i think certainly that's what the ceo of the hong kong stock exchange would like people to believe, and at the listing ceremony that alibaba had on the floor of the hong kong exchange earlier today both alibaba hong kong exchange earlier today both aliba ba and hong kong exchange earlier today both alibaba and the hong kong exchange officials were saying this isa exchange officials were saying this is a really good symbolic gesture of support for hong kong as an international financial centre. support fo