and china could derail the initiative, we are joined by peter elstrom. , many of the companies, peter, as a result of this initiative in china, are thriving. how does this stand up -- this trade war impact them? peter: they need to be aware of the potential problems with the trade tensions with the u.s. in terms of tariffs, it will cause certain things to get more expensive. the real challenge for some of the chinese technology companies is if they are not able to get the components they need from the u.s., the supplies they need from the u.s. we saw this with zte in particular, where they were not able to get semiconductors from the u.s. and some optical component parts, so they are aware of that. in the meantime, the 2025 initiative is moving forward in the cities which are really responsible for implement in this. they are moving very aggressively. look upto nanjing to close at their efforts to foster some of these key technology efforts. they focused on artificial intelligence and semiconductors. they are very aggressive. the party chief talked about

emily: for more on what is , we are joined in new york with peter elstrom. y, many of the companies, as a result of this initiative in china, are thriving. is it impacting them? peter: they need to be aware of a potential problems with the trade tensions with the u.s. in terms of tariffs. it will cause certain things to get more expensive. the real challenge for some of the chinese technology companies is, if they are not able to get the come opponents -- the components that they need from the u.s.. we saw this with the zte, where they were not able to get semiconductors from the u.s., and some optical component parts. that.re aware of they are moving aggressively. they focused on artificial intelligence and semiconductors and they are very aggressive. they talked about the financial incentives they go beyond free rent and tax holidays. they will also pay companies for setting up r&d centers. if you are a venture capital firm, they will give you money to come there. in some cases, they will compensate you if you lose money in your capital investment projects

emily: thanks to bloomberg's marty schenker and peter elstrom.attle to be china's premier delivery service is heating up. alibaba's platform will spend $433 million trying to win over customers from a rival. their goal is to control over half of the chinese food delivery market. they currently have a 51% market share. valued at $10 billion is seeking $200 billion in funding to bankroll this battle, considered the world's third-biggest startup. macron -- they are said to be starting an ipo this year. they will target a $60 billion valuation. still ahead, spotify successfully fends off competition for now. how the music streaming company is keeping apple and amazon at bay. this is bloomberg. ♪ emily: airbnb received one of the biggest [indiscernible] new york city council required the company to hand over the addresses of its hosts. according to officials, this information is needed to police airbnb host that may be driving up neighborhood rent. sources say the legislation could potentially cut airbnb's new york city bookings in half, raising quest