reed stevenson, live from tokyo.of talks to take control of the video streaming service etv after failing to reach an agreement on price and structure. we have haidi lun here taking a look at why it sellthrough. it follows from intense shareholder activism. haidi: that's right. the talks began in february, when we had that $2.3 billion offer. the criticism came from one shareholder activist, that this was turning out to look like a sweetheart deal for the ceo. it's a conflict -- he sits on both sides of the deal, on baidu, and looking to buy out -- it came to a head when the partners who holds some shares sent an open letter to r atn lee, seeing it valued $520 billion, comparing it to the other streaming service in china. they are saying this is looking like he's profiting at the expense of baidu shareholders, who could profit from greater valuation from the company, saying that the short-term upside is minimal when you compared to the longer-term benefits of keeping a hold on the asset. it's asking the real concern,

reed stevenson in tokyo. that is it for me and yvonne here at the asian trading day.ng off, getting underway with lots of data out, i know. yvonne: looks like we will get the south korea exports and imports moments away, china pmi. futures pointing, we could see some gains. quality on wall street on friday. stocks open in south korea and japan. that is coming up very soon. the y ♪ >> dealing with debt, fosun prepares to sell assets to lift its credit rating. chinese investors by caesar's online unit in a $4 billion gamble on mobile. singapore investigates the relationship with goldman sachs for 1mdb. welcome to "daybreak asia". happy monday to you. i am yvonne man. yvonne: breaking news from south korea, exports for july fell 10.2% for the month. ,he expectation was a 6.7% drop so much worse than the prior month with 2.7% drop in exports. imports, a big mess, dropping 14% on the year compared to estimates of a 10.5% fall. that makes the trade balance never than expected -- never arrower than expected. let's go to the market reaction with david and the open. double dig