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Jun 29, 2020
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at the weekend, you had tencent's annual games conference.nk most notably the digitalization -- sorry, the mobile games. you saw a launch date of august 12 for mobile fighter, which aligns with their quarterly result earnings date. -- this game has, as of yesterday -- there is so estimate that might monetize it one billion u.s. dollars for the first year of annualized gross revenue. i think there is some concern but a lot of lunches. notablyelopment houses, japan, the pokemon company, i think there is attention on a competing product to amazon twitch. i think there is a lot of catalyst for that to support the company into the second half. the normalization of revenues into these upcoming earnings and the increased costs, together with these technical levels, like you said, i think the share price bumping up against the 500 hong kong dollar level has been a key resistance level. we have seen it more expensive at the beginning of 2018. i think it is not impossible we could get there at the second half given what we have talked about with the ga
at the weekend, you had tencent's annual games conference.nk most notably the digitalization -- sorry, the mobile games. you saw a launch date of august 12 for mobile fighter, which aligns with their quarterly result earnings date. -- this game has, as of yesterday -- there is so estimate that might monetize it one billion u.s. dollars for the first year of annualized gross revenue. i think there is some concern but a lot of lunches. notablyelopment houses, japan, the pokemon company, i think...
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Jun 16, 2020
06/20
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tencent up 2.25%. iqiye is a hot property in a sector boosted by stay-at-home policies. why show baidu? because baidu owns more than 60% and report is tencent approached baidu to acquire a stake. the news comes as beijing says it will expand its coronavirus lockdown as cases start to pick up in the nation's capital there. the move to cut lockdown weight gain is giving ww international shares a boost. the weight management company is reportedly having subscriber numbers that shot up 7% year over year in early june. you know, we are really only at june 16th here. first half here, more and more digital members are signing on since mid-april. ww is up 18.5%. >>> let's get to eli lilly. this is an important one. eli lilly surging after its breast cancer therapy met the main goal of a late stage study. also worth noting, the drug helps decrease the rise of cancer recurrence or death, giving it a leg up over pfizer's competing drug. eli lilly up 15.25%. >>> but look at the dow, up 527. we are looking at a rocking rally in this final hour of trade. here's the number one driver.
tencent up 2.25%. iqiye is a hot property in a sector boosted by stay-at-home policies. why show baidu? because baidu owns more than 60% and report is tencent approached baidu to acquire a stake. the news comes as beijing says it will expand its coronavirus lockdown as cases start to pick up in the nation's capital there. the move to cut lockdown weight gain is giving ww international shares a boost. the weight management company is reportedly having subscriber numbers that shot up 7% year over...
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Jun 23, 2020
06/20
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all-time high for tencent.stone chief executive has in making headlines talking confidence inng an economic rebound after the coronavirus pandemic, saying he is looking at a v-shaped recovery the next few months. he spoke to jason kelly at our invest global summit. you also see a big v in terms of the economy going up for the next few months because it has been closed. and as people are allowed to go back, the economy will really respond a lot. muchhere is oma -- only so of an economy that is highly complex can respond. just because not all things go up equally. while will take quite a before we sybc -- sync up and get back to 2019 levels. jason: steve, when i think about your experience, i know that blackstone is a place where you are always looking at new opportunities in many ways. i think back to the turn of this and ay and the big bet, lot of investing you made in real estate. i think about the last financial crisis and how heavily invested gso credit and distress, or and other means. take us inside blacks
all-time high for tencent.stone chief executive has in making headlines talking confidence inng an economic rebound after the coronavirus pandemic, saying he is looking at a v-shaped recovery the next few months. he spoke to jason kelly at our invest global summit. you also see a big v in terms of the economy going up for the next few months because it has been closed. and as people are allowed to go back, the economy will really respond a lot. muchhere is oma -- only so of an economy that is...
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worldwide tech firms apple microsoft alphabet amazon facebook the chinese e-commerce group alibaba and tencent which owns. the market dominance seems unshakeable except for apple and microsoft all these companies have been around for less than 25 years in just a short time they've become the biggest players in the world market and their main resources i intended they include user data and algorithms. but we dream only change anything if we broke up logic operations but then wouldn't you play is just take over the market and we'd be back where we stop it is a platform isn't a lot or merely these platforms are markets but since they're part of our digital infrastructure the classical market mechanisms no longer apply. these platforms should be treated as a public service and be a freely available infrastructure. because the india. should facebook and google be nationalized and should digital infrastructure be freely available just like roads and rails without private corporations raking in a drain just profits would digital capitalism have to make way for digital communism. i'd say we are moving
worldwide tech firms apple microsoft alphabet amazon facebook the chinese e-commerce group alibaba and tencent which owns. the market dominance seems unshakeable except for apple and microsoft all these companies have been around for less than 25 years in just a short time they've become the biggest players in the world market and their main resources i intended they include user data and algorithms. but we dream only change anything if we broke up logic operations but then wouldn't you play is...
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Jun 16, 2020
06/20
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valued at billions and it is unclear if tencent has --roached i.t. -- tehem them directly over a dealup next, a conversation with robert kaplan. don't miss it. this is bloomberg. ♪ ♪ now welcome listeners on bloomberg radio. even with the recovery, u.s. labor market will fall well short of the levels seen just before the coronavirus pandemic. let's get to kathleen hays. : rob kaplan joining us in an exclusive interview. as often happens when you and i sit down to talk, there is a lot going on. no matter what i thought i was going to ask you first, there is only one question, and that is retail sales. down 15% last month. up this month 18%. were you surprised? strongly that after severe contraction for the first couple of months, first half of this quarter, we bottomed out sometime in early may. we expect growth to continue to the end of this quarter and the surprise in the jobs number and strong retail sales is part of that narrative. we will grow pretty strongly from here. more --: let's dig into is this going to be a faster recovery than a lot of people have been looking for, includ
valued at billions and it is unclear if tencent has --roached i.t. -- tehem them directly over a dealup next, a conversation with robert kaplan. don't miss it. this is bloomberg. ♪ ♪ now welcome listeners on bloomberg radio. even with the recovery, u.s. labor market will fall well short of the levels seen just before the coronavirus pandemic. let's get to kathleen hays. : rob kaplan joining us in an exclusive interview. as often happens when you and i sit down to talk, there is a lot going...
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Jun 2, 2020
06/20
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would the road of a baidu, tencent and alibaba not be the will they have an impact on what is happeningen china and the u.s.? mark: i would say not necessarily small stocks, but medium-sized companies in china that have a global footprint. remember, a lot of these companies are not only in china, world.e in all over the even if they have a disadvantage in china, they have all kinds of advantages in other parts of the world. that is the kind of company we at.looking remember, companies like alibaba and tencent, these are global whatnies and regardless of happens, they will continue to do well globally. they have been extending their footprint on a global scale. so it will be very interesting to see how some of them adjust, how they have already adjusted to the u.s. restrictions. i think going forward they will be able to do so. alix: now it seems like the narrative is developing on whether or not the national guard is needed in new york city. president trump is saying they should call it in. mayor de blasio says the national guard is not trained to unrest.vil , they don't want or need th
would the road of a baidu, tencent and alibaba not be the will they have an impact on what is happeningen china and the u.s.? mark: i would say not necessarily small stocks, but medium-sized companies in china that have a global footprint. remember, a lot of these companies are not only in china, world.e in all over the even if they have a disadvantage in china, they have all kinds of advantages in other parts of the world. that is the kind of company we at.looking remember, companies like...
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Jun 24, 2020
06/20
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the latest headlines, tencent appears to be a rare company emerging from the coronavirus upheaval inter shape than it started. lockdowns triggered the surgeon game, which is being boosted by the release of a new title. the game debuted this month as the most downloaded title in china. tencent rose again, extending their all-time highs and listing the stock further -- lifting the stock further from its march low. a whistleblower in germany warned about accounting irregularities and market manipulations. the finance ministry received papers from an anonymous source in late january 2019. the regulator apologized for its response, which has seen wirecard lose on most all its value amid concern that $2 billion cannot be found. facebooks's $5.7 billion investment in geo-platforms that triggered widespread interest in the company and gives the social network just under 10% of the company. has many users. joined by our guest on china influencing everything from ipos to the real estate sector in hong kong. this is bloomberg. ♪ you doing okay? yeah. this moving thing never gets any easier. wel
the latest headlines, tencent appears to be a rare company emerging from the coronavirus upheaval inter shape than it started. lockdowns triggered the surgeon game, which is being boosted by the release of a new title. the game debuted this month as the most downloaded title in china. tencent rose again, extending their all-time highs and listing the stock further -- lifting the stock further from its march low. a whistleblower in germany warned about accounting irregularities and market...
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Jun 25, 2020
06/20
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tencent confirming reports it required the assets of a streaming site.ng record levels of late. assety confirmed this purchase in an email statement. son a short while ago said he departed the board of that chinese e-commerce tighten titan, saying it was the crown jewel of the company's portfolio. that is masayoshi son and alibaba. we have tencent as well. haslinda: let's get the first word headlines. democrats are scaling back their national convention in august, telling delegates to stay away from the gathering in milwaukee because of the coronavirus. that is in stark contrast to president trump's campaign, who moved the campaign to circumnavigate social distancing rules. it is unclear how many people will witness joe biden accept the democratic nomination. julian assange is facing more legal action with the justice department accusing him of conspiring with hackers linked to cyberattacks around the world . the new indictment says he worked with groups affiliated with anonymous, giving it targets in 2012. assange is detained in the u.k. while fighting
tencent confirming reports it required the assets of a streaming site.ng record levels of late. assety confirmed this purchase in an email statement. son a short while ago said he departed the board of that chinese e-commerce tighten titan, saying it was the crown jewel of the company's portfolio. that is masayoshi son and alibaba. we have tencent as well. haslinda: let's get the first word headlines. democrats are scaling back their national convention in august, telling delegates to stay away...
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Jun 10, 2020
06/20
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creates investment is to an alibaba of india or a tencent of india.mpany has the potential to make that possible. manoj, there are likely to be other companies ,hat will be likely to follow but tell me, what are the biggest dangers of the regulation looking ahead? we found that in the tele-communication sector with taxes. is that one of the biggest roadblocks do you think for people to invest in india? because we just don't know what happens down the line as the country has in the past shop itself in the foot? >> correct, correct. investment is less about the telecommunications infrastructure, but more into the digital services and the future digital economy. the telecommunications is the foundation on which they are building the next generation of services. yes, you are right. telecoms was responsible for this huge pricing pressure that resulted in so much pressure on the operators and their ability to pay taxes. i believe we are at the tail end of being able to resolve this and move ahead. ahead, vodafone still has some challenges in paying the past
creates investment is to an alibaba of india or a tencent of india.mpany has the potential to make that possible. manoj, there are likely to be other companies ,hat will be likely to follow but tell me, what are the biggest dangers of the regulation looking ahead? we found that in the tele-communication sector with taxes. is that one of the biggest roadblocks do you think for people to invest in india? because we just don't know what happens down the line as the country has in the past shop...
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Jun 30, 2020
06/20
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and others tiktok platforms from alibaba, baidu and tencent. india says it's because of unauthorized storage of user data. this follows a border standoff that left dozens of soldiers dead or injured in recent days. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. yvonne: thank you. still ahead, a closer look at the chinese economy. we have the pmi numbers beating across the board when it comes to manufacturing, nonmanufacturing and sub-indices. we will talk through the numbers. and of course, hong kong's economic future looking increasingly at risk. tom: also, as advertisers had for the exits, facebook defends its policies on hate speech. we hear from the company's vp for public affairs and britain's former deputy prime minister. this is bloomberg. ♪ ♪ tom: back to our top stories this morning, the u.s. is revoking some trade benefits to hong kong, making it harder to export technology to the city. this comes am
and others tiktok platforms from alibaba, baidu and tencent. india says it's because of unauthorized storage of user data. this follows a border standoff that left dozens of soldiers dead or injured in recent days. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. yvonne: thank you. still ahead, a closer look at the chinese economy. we have the pmi numbers...
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the latest iteration has been on the market since 20 and is equipped with the latest fry versus tencent infotainment systems from. its all wheel drive can handle a variety of surfaces a perfect mid-range s.u.v. with a 195 horsepower diesel engine it's 9 speed automatic transmission deliver some snappy upshifting. however the car does sway quite a bit at high speeds and the suspension also leaves something to be desired so it's more for traditionalists than perfectionists. this is a little bit old fashioned like me there's no hybrid system a plug in system but it has a real good diesel engine and a good running automatic transmission. if you want to go to the congress. you have 3 are promoting and that trends for some while. the 2nd powerhouse in this competition is the toyota rav 4 that's been around since 1904 and some 8500000 units have been sold since then making it the best selling s.u.v. in the world. and one of the most modern it's the only one of our 3 that has a full hybrid system it can be powered either purely electrically or with a mix of the combustion engine an electric mot
the latest iteration has been on the market since 20 and is equipped with the latest fry versus tencent infotainment systems from. its all wheel drive can handle a variety of surfaces a perfect mid-range s.u.v. with a 195 horsepower diesel engine it's 9 speed automatic transmission deliver some snappy upshifting. however the car does sway quite a bit at high speeds and the suspension also leaves something to be desired so it's more for traditionalists than perfectionists. this is a little bit...
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Jun 17, 2020
06/20
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buyout while to a a group back by tencent is to take bit auto private.bal news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. yvonne: a quick look at the markets, things looking tamer than yesterday. that boost from the fed, southeast asia slightly lower. the dollar a little higher today, and stronger. yield, wes. 10 year are snapping out of yield tick up. seems like the recovery of the economy in the u.s. with the retail sales number is overshadowing second wave concerns. you are seeing pressure i comes to hong kong and china. beijing is the main focus with the capital shutting down schools after a new cluster of cases focused on this market. they massively started testing people. 1%.kospi down more than more rhetoric from the south koreans on the back of the north korean side bombing liaison offices yesterday. they say the north will pay if it takes military action. jim jon jones sister has been senseless and rude, they say. s
buyout while to a a group back by tencent is to take bit auto private.bal news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. yvonne: a quick look at the markets, things looking tamer than yesterday. that boost from the fed, southeast asia slightly lower. the dollar a little higher today, and stronger. yield, wes. 10 year are snapping out of yield tick up. seems like...
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Jun 16, 2020
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it is not clear if tencent has approached them directly about a potential deal.oment, tension remains high on the korean peninsula. government analyst will join us next to discuss. ♪ this is bloomberg. ♪ "daybreak: asia." markets amidhut 11 fears of a second wave of coronavirus. 27 cases reported in the capital overnight, bringing the total to 106 since friday. one person is in critical condition in hospital. all schools in the city have been closed. rising tensions between beijing and washington mean china think is -- countries are ditching new york listings, with the latest to head for the door. grouped is to take listings by auto private. the u.s. government is suing to stop the publication of a book by john bolton. the memoir claims the president was willing to endanger the nation in order to win reelection and is being touted as the book donald trump what -- doesn't want you to read. the government says publication will compromise national security as the book contains classified material. a year of street protests amid the coronavirus pandemic has seen unem
it is not clear if tencent has approached them directly about a potential deal.oment, tension remains high on the korean peninsula. government analyst will join us next to discuss. ♪ this is bloomberg. ♪ "daybreak: asia." markets amidhut 11 fears of a second wave of coronavirus. 27 cases reported in the capital overnight, bringing the total to 106 since friday. one person is in critical condition in hospital. all schools in the city have been closed. rising tensions between...
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Jun 17, 2020
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shao me was first in line, but sent -- tencent chose new york instead. 2019, they mentioned the secondd have faced possible listing in the u.s.. such asallow stocks alibaba to be included in the index. kong two high-profile tech offerings with more in the pipeline. haidi: let's get over to tom mackenzie, watching this from beijing. how have expectations been at the start of trading? >> absolutely. this is a company hoping to raise billions with this listing selling millions of shares. has been heavily oversubscribed by both institutional and retail investors and they are selling to both of those. as he said, the listing will start in hong kong at 9:30 a.m. but we are here in beijing where they will be doing a virtual ipo work event to mark the ipo. means -- the pandemic means it's difficult for many executives to travel to hong kong. they're very confident there will be enough demand to compel the share price upwards. , you canne very well see they're up more than 70% and they have done pretty well despite the pandemic or because of the pandemic, as they are more of a utility company t
shao me was first in line, but sent -- tencent chose new york instead. 2019, they mentioned the secondd have faced possible listing in the u.s.. such asallow stocks alibaba to be included in the index. kong two high-profile tech offerings with more in the pipeline. haidi: let's get over to tom mackenzie, watching this from beijing. how have expectations been at the start of trading? >> absolutely. this is a company hoping to raise billions with this listing selling millions of shares. has...
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Jun 25, 2020
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washington utah texas that's as of today. 4 weeks florida's governor defended his state's reopening tencent resisted making mosques mandatory but on wednesday it wrong to set aside knowledge the severity of the numbers what we're seeing in florida is really rapid transmission in that 18 to 34 age group and you're seeing a lot of cases come up and granted they weren't being tested at this at this at this level a couple months ago but i also think they're testing positive at a higher and higher rate. dr marcus special is chief medical officer of the association of state and territorial health officials he says many people don't comprehend what's happening. part of the problem is that you know people just aren't aware of this then an infectious disease that the minute we sort of let down our guard but the more we're likely to see etc just an infection. you know i think what we're starting to see now is some of these states that are seeing the increases a lot more attention to the tools that we have now to fight the infection contect treating really being aggressive in congress. and then really
washington utah texas that's as of today. 4 weeks florida's governor defended his state's reopening tencent resisted making mosques mandatory but on wednesday it wrong to set aside knowledge the severity of the numbers what we're seeing in florida is really rapid transmission in that 18 to 34 age group and you're seeing a lot of cases come up and granted they weren't being tested at this at this at this level a couple months ago but i also think they're testing positive at a higher and higher...
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Jun 24, 2020
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of course we keep an eye on tencent. it smashed all-time highs. just yesterday.1.5%, rising for a second day. samsung leading the advance. the kospi heading for the biggest events -- advance and 10 years. over in southeast asia, the benchmark up .4%. ahead of that rate decision in thailand. the boc set to leave rates unchanged. taking it to a fresh record low of half a percent. here is an out performer. the index in vietnam up .3%. the best-performing market in southeast asia. evaluations among the lowest in the region. -- it goes to the upside. earlier that the office is shut for some decontamination, but trading still continues in manila. currently down half a percent for the benchmark. just having a snapshot of what is going on in the currency. the boughtaway from out of thailand. it is pretty much unchanged. down 6% since its march highs. up 4% to the course of this year. so far. new zealand dollar in play. we saw a retreat take place after the reserve bank decided to leave interest rates on hold. that was the unanimous decision. with them suggesting risks re
of course we keep an eye on tencent. it smashed all-time highs. just yesterday.1.5%, rising for a second day. samsung leading the advance. the kospi heading for the biggest events -- advance and 10 years. over in southeast asia, the benchmark up .4%. ahead of that rate decision in thailand. the boc set to leave rates unchanged. taking it to a fresh record low of half a percent. here is an out performer. the index in vietnam up .3%. the best-performing market in southeast asia. evaluations among...
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Jun 25, 2020
06/20
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tencent abr's rose again, extending all-time highs at lift the stock further from its march low. its theme park in california. palmeri haschris been tracking this. chris, what do we know about this supposedly phased reopening now put on hold? chris: it seems to be driven by two things. the unions were not entirely comfortable reopening. there are still things they want to find out before the park opens. they have been putting pressure, wrote a letter to the governor of california, are planning a protest at the park on saturday. also, the company said it like it just might not have time to place fors plans in their original date to reopen disneyland, july 17. that is postponed indefinitely. we had some pessimism from analysts that this is going to be a long and rocky road ahead, and disney as proof of that point, right? chris: absolutely. this is a debate happening across the u.s.. many states have been reopening and there has been a spike in cases in florida, california, we disney has a large park presence. but so far, the company says it is still going to reopen disney world in
tencent abr's rose again, extending all-time highs at lift the stock further from its march low. its theme park in california. palmeri haschris been tracking this. chris, what do we know about this supposedly phased reopening now put on hold? chris: it seems to be driven by two things. the unions were not entirely comfortable reopening. there are still things they want to find out before the park opens. they have been putting pressure, wrote a letter to the governor of california, are planning...
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Jun 18, 2020
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it kick started a rush of new --ls like tencent music still, in 2019, the city welcomed alibaba's megae. as chinese companies face possible delisting in the u.s., it will allow secondary listings like alibaba to include in the hang seng index. so far net ease and jd.com have given hong kong two high-profile tech offerings with more in the pipeline. let's get more on jd.com 's debut. great to have you. what are your expectations? there has been a lot of exuberance and excitement going into this. it really does feel like a revitalization when it comes to the ipo seen in hong kong. -- scene in hong kong. guest: i think with the risk of delisting in the u.s., obviously we are seeing more adf coming to hong kong. probably ones that have a dual class structure. i think the big ones are all trying to come back. i think it should be pretty good for the hong kong ipo market. and pretty good for china tech names. i want to take a look at j.d. versus alibaba, its main rival it comes to the e-commerce sector. we have still seen much greater and faster revenue growth when it comes to baba vs. jd. d
it kick started a rush of new --ls like tencent music still, in 2019, the city welcomed alibaba's megae. as chinese companies face possible delisting in the u.s., it will allow secondary listings like alibaba to include in the hang seng index. so far net ease and jd.com have given hong kong two high-profile tech offerings with more in the pipeline. let's get more on jd.com 's debut. great to have you. what are your expectations? there has been a lot of exuberance and excitement going into this....
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Jun 29, 2020
06/20
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it includes tictoc and others from alibaba, baidu, and tencent.says it is acting because of unauthorized storage of user data. it follows the standoff that left dozens of indian and chinese soldiers dead or injured in recent days. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haidi. hong kong's fate as a global trading hub looks to be in jeopardy after the u.s. -- preferential status. we get more on that with the eurasia group founder and president. that is up next. this is bloomberg. ♪ shery: back to our top story. hong kong's future as a leading finance and business hub is a new doubt as the u.s. says it is this is spending some trade benefits to the city. we are joined by the eurasia group founder and president, ian bremmer. great to have you back. what do you make of the timing of not only the u.s. pushing through with the revoking of this special status but also china trying to push through this legislat
it includes tictoc and others from alibaba, baidu, and tencent.says it is acting because of unauthorized storage of user data. it follows the standoff that left dozens of indian and chinese soldiers dead or injured in recent days. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haidi. hong kong's fate as a global trading hub looks to be in jeopardy after the...
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Jun 29, 2020
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our partners like tencent, we had a pretty good sense of how they would shift to work from home. in a pretty good position to provide equipment, technology. we also collaborated across the world. we have studios in sweden, spain, the u.k., places like albany, new york. been studios had already collaborating with each other in those remote locations. but one wedjustment, were able to manage pretty quickly. david: for people who produce video games, you have, i assume, young people, who come up with the games and do it. is it a one person kind of thing or is it several people? how long does it typically take to produce a videogame that is ?uccessful bobby: good question. we have some of the largest franchises in video games. you take something like candy crush, today there are 100 million people who play it on active user basis. we are constantly delivering new content to those players. there are probably 600 or 700 people in the development team on a game like candy crush. they are constantly introducing new content. in a game like call of duty, there are 1600 people creating cont
our partners like tencent, we had a pretty good sense of how they would shift to work from home. in a pretty good position to provide equipment, technology. we also collaborated across the world. we have studios in sweden, spain, the u.k., places like albany, new york. been studios had already collaborating with each other in those remote locations. but one wedjustment, were able to manage pretty quickly. david: for people who produce video games, you have, i assume, young people, who come up...
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Jun 5, 2020
06/20
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a tencent of protest in the united states means largely peaceful as democrats look to curb presidential power under the insurrection act. we are live to washington, d.c. a very good morning. i am anna edwards from london alongside annmarie hordern from new york. you thisod to see friday. an incredible week of news flow. a lot of the imagery, and some of that shocking, coming from the united states, but as far as risk assets are concerned, the stimulus stuff coming from europe, whether that is in the shape of monetary policy or in the fiscal form coming from germany. annmarie: we may get some more stimulus news from the united states. the trump administration is envisioning another $1 trillion in the next round. that could potentially be news coming up in the next few weeks from washington, d.c. the imagery has been extraordinary. a turbulent week across the united states. new york city, where i am, is still under curfew, but we see peaceful protests, so a lot of some of these other cities are starting to actually lift some of these curfews. let's take a look at what is going on in the m
a tencent of protest in the united states means largely peaceful as democrats look to curb presidential power under the insurrection act. we are live to washington, d.c. a very good morning. i am anna edwards from london alongside annmarie hordern from new york. you thisod to see friday. an incredible week of news flow. a lot of the imagery, and some of that shocking, coming from the united states, but as far as risk assets are concerned, the stimulus stuff coming from europe, whether that is...
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Jun 23, 2020
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regulator singled out three apps backed by tencent for what they called vulgar and problematic contento among those names in the crackdown. it is not clear what, if any sanctions may ensue. indonesians -- indonesia -- 430 jobs. as a grapples with the fallout from the coronavirus. most of the losses will affect its newer divisions. which will shut down at the start of july. announced lastl week that it is cutting about 5% of its workforce. sold 10 billion dollars stake in its natural gas pipeline to, a group of investors including gip and singapore's sovereign wealth fund in what is the biggest infrastructure deal this year so far. the buyers will have 49% in the new subsidiary. values it aton almost $21 billion. coming up in the next hour, the rally in tech stocks relative to the broader index is reaching levels last seen just before the crash in 2000. we will get some insights from senior vice president nicole we bb. plenty more to come on "daybreak: australia." the market open in australia and in tokyo in one hours time. futures in australia pointing modestly higher. the aussie dolla
regulator singled out three apps backed by tencent for what they called vulgar and problematic contento among those names in the crackdown. it is not clear what, if any sanctions may ensue. indonesians -- indonesia -- 430 jobs. as a grapples with the fallout from the coronavirus. most of the losses will affect its newer divisions. which will shut down at the start of july. announced lastl week that it is cutting about 5% of its workforce. sold 10 billion dollars stake in its natural gas...
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Jun 10, 2020
06/20
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the nasdaq composite was higher by seven tencent 1%. a similar mixed picture we saw with tech stocks rallying. the nasdaq 100 climbing to a record high finishing above 10,000 for the first time. take a look at what the dollar is doing because we have seen continued pressure on the dollar. the most since 2007. this of course coming as the fed rejected no change in its interest rate policy through 2022. we had treasuries rallying. the 10 year yield sinking. we did see there being a risk of long-lasting damage to the economy. we had investors seeking the safety of treasury. oil down 1.6%. around the $38 a barrel. we had more news. just underscoring the fragility of the rebalancing story. fragility is a theme going into the asian open as well given what the fed said overnight and the reluctance to add more if not withdrawal any more measures. we are seeing a downside when it comes to the early part of the kiwi session. up by three tens of 1%. sydney futures look like we will be setting up for a slump of close to one and a half percent. it i
the nasdaq composite was higher by seven tencent 1%. a similar mixed picture we saw with tech stocks rallying. the nasdaq 100 climbing to a record high finishing above 10,000 for the first time. take a look at what the dollar is doing because we have seen continued pressure on the dollar. the most since 2007. this of course coming as the fed rejected no change in its interest rate policy through 2022. we had treasuries rallying. the 10 year yield sinking. we did see there being a risk of...
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Jun 4, 2020
06/20
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in the asian side of things, the , those that make nike apparel, they have more technology with tencentnd alibaba. so it varies. but the opportunity will be for financial services i was just services as well. to have high active shares, not to follow the index. right. at, i was trying to get with the outsized portion, if you do not want to outperform, what would be the alternative? what would you advise now to get into at this level -- at these levels? >> that's the million-dollar question. [indiscernible] on the asian side, opportunities people get more certainty around what is happening in hong kong and other parts of southeast asia. commoditiesh bulk still hold and will sustain good .rowth year to date iron ore. there is the opportunity. our portfolio is less cash than march and looking to deploy more of that in any form of correction across similar lines discussed. is your take on the macro data? things are still depressed. we have seen an incremental improvement from the bottom and a lot of places in the world and data on the upside. at what point do you think it makes sense that s
in the asian side of things, the , those that make nike apparel, they have more technology with tencentnd alibaba. so it varies. but the opportunity will be for financial services i was just services as well. to have high active shares, not to follow the index. right. at, i was trying to get with the outsized portion, if you do not want to outperform, what would be the alternative? what would you advise now to get into at this level -- at these levels? >> that's the million-dollar...
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Jun 19, 2020
06/20
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. >>> tencent music. really big buying there as well, scott. >> sorry to cut you off. >> final trade salesforce. >> amy, give me a name >> regeneron >> docusign. >> thanks, everybody kelly? >> they always sneak it in hi, scott, hi, everybody it's from reopening to reclosin this afternoon apple announces it's selliclosi some stores. >>> the man behind the call joins us to break it down. >>> and the math of staying open we'll speak to a chef who has restaurants across the country who opened his doors as lockdowns ended, crunched the numbers and closed them back up. we do begin with action in the last hour, dom chu >> whatever is happening right now, all of it is playing out in a way that at least is less volatile than you would think for it is markets overall. we have seen fractional gains and fractional losses. that apple move did send shocks across the board, but we're here with the dow industrials, 54 points still even with the big news from apple, up one quarter to 1% volatility t the croe volatility in
. >>> tencent music. really big buying there as well, scott. >> sorry to cut you off. >> final trade salesforce. >> amy, give me a name >> regeneron >> docusign. >> thanks, everybody kelly? >> they always sneak it in hi, scott, hi, everybody it's from reopening to reclosin this afternoon apple announces it's selliclosi some stores. >>> the man behind the call joins us to break it down. >>> and the math of staying open we'll...
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Jun 15, 2020
06/20
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and the china tech companies in particular, like baba and tencent have done really good. >> hey, mark, it's b.k how are you? >> b.k., how are you doing >> i'm doing quite well. question about that china trade, right? they have been extraordinary, emerging markets, china, i understand that economy may be coming back a little bit faster. but it doesn't give you any pause that those companies could be delisted from the u.s., and would that have an impact on their valuations >> it's a great oint, b.k. it's interesting because we've seen this movie before there are a number of companies that voluntarily delisted to get a better valuation on the hong kong market in shanghai. so i think the threat of delisting is a mistake i think the whole china cold war 2.0 thing is a mistake i think we should be collaborating, not fighting. but what you'll see from investors that are nimble, you'll actually get a chance to buy at a cheaper price because these stocks will fall with the threat of delisting, but then when they relist in hong kong, they'll go up a lot because there's a lot of money on the sid
and the china tech companies in particular, like baba and tencent have done really good. >> hey, mark, it's b.k how are you? >> b.k., how are you doing >> i'm doing quite well. question about that china trade, right? they have been extraordinary, emerging markets, china, i understand that economy may be coming back a little bit faster. but it doesn't give you any pause that those companies could be delisted from the u.s., and would that have an impact on their valuations...
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Jun 19, 2020
06/20
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. >>> tencent music.ying there as well, scott. >> sorry to cut you off. >> final trade salesforce. >> amy, give me a name >> regeneron >> docusign. >> thanks, everybody kelly? >> they always sneak it in hi, scott, hi, everybody it's from reopening to reclosin this afternoon apple announces it's selliclosi some stores. >>> the man behind the call joins us to break it down. >>> and the math of staying open we'll speak to a chef who has restaurants acro
. >>> tencent music.ying there as well, scott. >> sorry to cut you off. >> final trade salesforce. >> amy, give me a name >> regeneron >> docusign. >> thanks, everybody kelly? >> they always sneak it in hi, scott, hi, everybody it's from reopening to reclosin this afternoon apple announces it's selliclosi some stores. >>> the man behind the call joins us to break it down. >>> and the math of staying open we'll speak to a chef...
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Jun 1, 2020
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yvonne: you mentioned you have taken profit for tech names like tencent.nagers have as their biggest investments now. tell us why you are tapping out of those specific stocks. is there still value in the tech sector? lorraine: there is, in short. they are close to our fair values now. we would still be holders of the stock, we would just wait for a little more discount first to be buyers of it. they are quality companies. people want to keep them in their portfolios. we are supportive of that. names into our best ideas list. it is trading at a larger discount at the moment. for those who may not be familiar, it is the second of camerapplier lenses to mobile handsets. up, itk with 5g coming will benefit from it. because phones are putting in more and more cameras as a key phone feature, this is what is think itisk, which we will exceed growth. likinga: you are also infrastructure. is this a dividend story? lauren: it is a dividend -- lorraine: it is a dividend story. it came down to a level where it is a 6% yield and we thought it was attractive. the income
yvonne: you mentioned you have taken profit for tech names like tencent.nagers have as their biggest investments now. tell us why you are tapping out of those specific stocks. is there still value in the tech sector? lorraine: there is, in short. they are close to our fair values now. we would still be holders of the stock, we would just wait for a little more discount first to be buyers of it. they are quality companies. people want to keep them in their portfolios. we are supportive of that....
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Jun 12, 2020
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tencent also showing a 2.7% loss. also, of important data coming out. cpi numbers for may out just a few hours from now, about eight hours from now. 5.5% is the expectation. industry production is expected for april. that has fallen a whopping 45%. and that's also coming out at the same time. next up, we are going to have the inside to behind the 11th hour billion-dollar mission to save cathay pacific. it's codename, apollo. details are coming up. this is bloomberg. ♪ rishaad: we have this bloomberg scoop. we have learned a vital insight details of the 5 billion-dollar plan to save cathay pacific. negotiations went down to the wire with a deadline that has to be met on tuesday. let's get to our deals reporter, who has the story on apollo. conference calls and much burning of midnight oil. so what was project apollo exactly, manuel? uel: very intriguing. in hong kong. thank you so much for having me on the show. ,asically, cathay pacific faced ongoing significant disruptions because of the coronavirus and they had to come up with a risk to be airline cou
tencent also showing a 2.7% loss. also, of important data coming out. cpi numbers for may out just a few hours from now, about eight hours from now. 5.5% is the expectation. industry production is expected for april. that has fallen a whopping 45%. and that's also coming out at the same time. next up, we are going to have the inside to behind the 11th hour billion-dollar mission to save cathay pacific. it's codename, apollo. details are coming up. this is bloomberg. ♪ rishaad: we have this...
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Jun 9, 2020
06/20
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allow corporates to have voting rights, which could attract portfolio companies that alibaba and tencentinteresting aspect is with these restrictions and a potential clampdown of chinese companies in the u.s., we could see a surge of returning home companies. what are the likes of the new listings likely to do in terms of boosting confidence at least? lulu: that's a great question. hong kong's status is probably more important than ever for hong kong right now, especially with the proposed senate bill that could delist some chinese tech stocks in the u.s. that would make hong kong the only avenue for china to have global investor capital. china were to go, it could wreak havoc for all chinese companies, not just hong kong. taylor: our finance reporter there. markets:bloomberg more on impacts. that is it from "daybreak: asia ." our markets coverage continues as we look ahead to the start of trading across asia. this is bloomberg. ♪ >> it is 9:00 a.m. in beijing. tom mackenzie. stocks are mostly higher after the s&p 500 vibe out losses for the year. the dollar falls print eight day. day.r
allow corporates to have voting rights, which could attract portfolio companies that alibaba and tencentinteresting aspect is with these restrictions and a potential clampdown of chinese companies in the u.s., we could see a surge of returning home companies. what are the likes of the new listings likely to do in terms of boosting confidence at least? lulu: that's a great question. hong kong's status is probably more important than ever for hong kong right now, especially with the proposed...
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Jun 3, 2020
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. >> we have many of those companies in the chinese market, whether it is alibaba or baidu or tencentations looking across china right now? good: i think you make a point. we have a lot of companies and , not just offshore, but there growth is in shares as well. as -- is concerned, we don't have an issue mainly because these companies are really generating solid growth. if you look at the earnings results from some of the giants in e-commerce recently, they continue to remain positive. names, recently the guidance statements paint a more positive picture. i think while valuations look a little high, it is really about earnings. an issue and remain comfortable with these things. >> and we continue to see the central banks in china trying to support lending to smaller companies. how will the pboc's actions play to the market? janet: i think in the meetings last week, we had already -- there is no change in the overall policy direction, but in terms of the monetary side, i think china has become slightly more accommodative, including higher ratio financing to growth target this year. i t
. >> we have many of those companies in the chinese market, whether it is alibaba or baidu or tencentations looking across china right now? good: i think you make a point. we have a lot of companies and , not just offshore, but there growth is in shares as well. as -- is concerned, we don't have an issue mainly because these companies are really generating solid growth. if you look at the earnings results from some of the giants in e-commerce recently, they continue to remain positive....
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Jun 8, 2020
06/20
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that hong kong ,s to relax its quarantine rule 180 of the companies listed here like tencent. confidence against the political backdrop that some lenders see? peter: there is a long-term history of that in hong kong where we have seen, for example, tothe period leading up 1997, there was a significant opening up of liquidity from china into hong kong. it really supported the financial markets at that time. that thehe feeling encouragement of capital flow was designed to make hong kong look good at the time of the handover, which was a time of considerable uncertainty. i suspect we may see a little of that this time around as well. if we think about it, one of the big policy objectives for china is the greater bay area concept. this is a high priority in china policy. -- hong kong is part of the process. i'm expecting to see a lot of capital flowing into the greater bay area and hong kong should be a beneficiary of that, that would be my guess. expect thedo you national security lots of play out when it comes to the attractiveness or investment in business in hong kong? there s
that hong kong ,s to relax its quarantine rule 180 of the companies listed here like tencent. confidence against the political backdrop that some lenders see? peter: there is a long-term history of that in hong kong where we have seen, for example, tothe period leading up 1997, there was a significant opening up of liquidity from china into hong kong. it really supported the financial markets at that time. that thehe feeling encouragement of capital flow was designed to make hong kong look good...
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Jun 5, 2020
06/20
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, iteems the rally in asia is still the tech giants like samsung and tencent fueling gains.o you stay with these quality names or is it time to rotate? richard: i think we are seeing the whole economy pivot. think of people working at home, there will be some people on the say working 20% who from home is fine. they cane doing it and do it fine. we will see hit on parts of the economy. estate, office real estate, what will happen to public transport? these things on the margin will be hit as the economy pivot's. we are seeing people move into tech. now we are seeing rotation as people are saying there stocks like boeing which is too cheap, and other airlines which seem to be at death's door. also investors have to be careful of those stocks that will be losers from the pivots. which do you support the view? it is time to shift to cyclicals, or a more cautious view suggest you want to remain defensive in be hedging your portfolio? richard: yes, those people saying that are right, if you do ,nything based on fundamentals what we used to call rational economics, it looks too ex
, iteems the rally in asia is still the tech giants like samsung and tencent fueling gains.o you stay with these quality names or is it time to rotate? richard: i think we are seeing the whole economy pivot. think of people working at home, there will be some people on the say working 20% who from home is fine. they cane doing it and do it fine. we will see hit on parts of the economy. estate, office real estate, what will happen to public transport? these things on the margin will be hit as...
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Jun 11, 2020
06/20
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present and it's helping, even its rival tencent is up 1.8%. of theptical is one biggest movers.more ahead. this is bloomberg. ♪ haslinda: guggenheim says the fed has interventionists. calls the risk asset valuations ludicrous. he shares his outlook for u.s. markets and the economy. it's a matter of which piece of data you look at. there is a very high level of uncertainty, especially as we reopen the economy. some 19 states now are experiencing spikes in covid incidences. those are mostly the states that opened first. it is subject to a lot of uncertainty at this point. there is only so much the fed can do through the operation of monetary policy to really adjust the issues, other than to make sure that the markets are liquid , and that they basically interest rates at low enough so that it does not interfere with something like would --rates, which the housing market. >> good morning. you got rave reviews and global wall street was transfixed by how dead on you were in february on the decline. a ludicroust season. it's now a ludicrous 2020 with this huge an abrupt recovery we h
present and it's helping, even its rival tencent is up 1.8%. of theptical is one biggest movers.more ahead. this is bloomberg. ♪ haslinda: guggenheim says the fed has interventionists. calls the risk asset valuations ludicrous. he shares his outlook for u.s. markets and the economy. it's a matter of which piece of data you look at. there is a very high level of uncertainty, especially as we reopen the economy. some 19 states now are experiencing spikes in covid incidences. those are mostly...
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Jun 26, 2020
06/20
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tencent has been very much talked about by many investors.et to a point, talking about the china market, do we get to a point where it might be a good time talking about rotating out of the popular names and popular trades and injure the sort of less like parts of the equity market -- less liked parts of the equity market? tai: interesting question. the stocks have been enjoying strong momentum the past few months. i think it's important to think about each individual company on its own merit because some of these tech companies, they do casha very large investment feature, and delivered a strong track record in entering new sectors. so from that angle, i don't think of taking out some of the companies. but as i mission earlier, consumer trends are changing -- as i mentioned earlier, consumer trends are changing. you look at the auto market, that could be the market of the past and investors could look forward to things like medical and education, where chinese consumers are clearly spending. be ank that could qualification for taking out the
tencent has been very much talked about by many investors.et to a point, talking about the china market, do we get to a point where it might be a good time talking about rotating out of the popular names and popular trades and injure the sort of less like parts of the equity market -- less liked parts of the equity market? tai: interesting question. the stocks have been enjoying strong momentum the past few months. i think it's important to think about each individual company on its own merit...
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Jun 2, 2020
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the value of a company like tencent, one of the largest ones, is not affected by street protests in hongf in hong kong. compared to the rest of china. -- value of multinational i'm sorry, of chinese enterprises listed in hong kong is not much affected, except if you start to get capital evenrawal and possibly what i called last year, a year ago today i wrote an article on the possible escalation of the trade war into a capital war where the u.s. could, using the foreign control of the u.s. theirry, have all of state owned enterprises, somewhat inconsistent with complaining about protection of state owned enterprises and investing in them at the same time. that could have a big impact on valuations. because of the withdrawal of that foreign capital. >> great having you with us. activist investor david webb. live pictures from the united states as we continue to see ongoing unrest. this is washington, d.c. after president trump pledged strong measures to counter violent protests. plenty more to come. ♪ ome. ♪ when you say what you're in the mood for, the xfinity voice remote will find exac
the value of a company like tencent, one of the largest ones, is not affected by street protests in hongf in hong kong. compared to the rest of china. -- value of multinational i'm sorry, of chinese enterprises listed in hong kong is not much affected, except if you start to get capital evenrawal and possibly what i called last year, a year ago today i wrote an article on the possible escalation of the trade war into a capital war where the u.s. could, using the foreign control of the u.s....
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Jun 16, 2020
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if you look at the hong kong equities market, the hong kong tencent index, it is still booming. the pboc government shown support to back hong kong as a key financial sector. so we have seen some very big pboc companies listed on the exchange. they are now coming to hong kong for ipo. so what we see coming up, it could be some legal roles, cfo openings. there will be some related openings coming up in hong kong. on top of that actually, the border along china, hong kong, and macau are gradually opening up as well. the job market will pick up, yes. haidi: right. i am wondering what you have seen in terms of diminishing of talents in hong kong. because just anecdotally, there seems to be a lot more conversation about people wanting to leave hong kong because of the political instability and also the economic downturn. carol: what we have seen is there are definitely more people talking about relocating to another location. that is a very common subject in somekong, and we have seen emigration consultants getting a lot of inquiries. but have we really witnessed a lot of people alre
if you look at the hong kong equities market, the hong kong tencent index, it is still booming. the pboc government shown support to back hong kong as a key financial sector. so we have seen some very big pboc companies listed on the exchange. they are now coming to hong kong for ipo. so what we see coming up, it could be some legal roles, cfo openings. there will be some related openings coming up in hong kong. on top of that actually, the border along china, hong kong, and macau are gradually...