Will take good care of you may sometimes be one fever took hold on the west coast of congo in 2700 stores made big promises, but years later, reality looks very different from shoes. Good Drinking Water shortage. High unemployment, nothing to god. No stream of black gold. Oil starts december 4th on d. W. Is china cracking down on its tech giants . Beijing dangles its antitrust laws are big players like alibaba in 10 sets. And markets react harshly. Also on the show will visit one of chinas most popular tech firms, ride sharing app, g. T. True, saying, and take a ride in its new autonomous car, just outside shanghai. I mean, a group of berlin tech workers joining together to promote diversity in a sector that tends to look pretty marginal flow. And welcome to the show. Im Stephen Beardsley in berlin. Its good to have you with us. And shares of ali baba and 10 cent fell sharply on wednesday. It by concerns of a new anti trust legislation by the chinese government. Beijing has published the 1st draft of anti monopolistic rules aimed at the countrys tech giants, or they are not accused of any wrongdoing. Investors fear the new rules could impact their growth in the future. Alibaba shares were down more than 8 percent before slightly recovering. That on the same day, it announced record turnover from its singles, day Sales Promotion and beijings actions come on the heels of growing regulatory moves against tac. The u. S. Justice department suing google for antitrust violations. Last month. The European Commission filing antitrust charges against amazon on monday. And with that we go to our financial correspondent in frankfurt, Chelsea Delaney chelsea. Good morning. From what weve seen in whats going on in china. Whats the story there . Whats happening . Well stephen, its a clear message from beijing. They are cracking down on tech giants, and this is really being described as a watershed moment for china because in the past theyve really been known for giving these big tech giants alibaba tencent, pretty much free reign to do what they want enter really grow into these tech behemoths that work, you know, no, not in china, but not just in china, but really all over the world. That obviously has, has drawn a lot of concern from, from other, other World Leaders like donald trump. But now were seeing really china share the same concerns and what they are really saying is that these companies have too much power. They have too much data and theyre really making it impossible for any other companies to compete and this industry. So now chinese regulators are looking at some other changes that they could make one of those as potentially making it harder for these companies to target ads at consumers. But in a worst case scenario, we could be looking at things like business divestitures or are having to give up some of their intellectual property. Chills, you mentioned similar actions, the u. S. And the e. U. Do you think investors globally are bracing for an era of more tech regulation . Absolutely, of the walls are really closing in on tech giants all over the world. Weve seen a number of actions from regulators, not just in china, but in the united states. And in europe and germany, weve seen rules to really reshape the global taxation system to, to hit these companies. So theyre facing attacks really on a number of fronts. So far we havent seen this have a huge impact on the business, particularly of u. S. Tech giants. Weve seen, you know, amazon get hit with these multibillion dollar fines, particularly in the e. U. And it hasnt really do you real, their stock price. Theyve continued to, to rally in part because they have so much money they have. And in many cases, tens of billions, hundreds of billions of dollars worth of cash on their balance sheet. So these fines can really be a drop in the bucket. But we do seem to be moving into a new era where its not just fines that regulators are looking at. There were really looking at reshaping and rewriting the rules of antitrust in a way that could significantly hit these Tech Companies ability to grow. And that is certainly a concern for investors around the world could be and she has what happens in the u. S. In the coming years with the new administration as well with chelsea, delaney, thank you very much. Right, d. D. Choosing is another chinese tech firm. In fact, the countrys most popular Ride Sharing Company has been turning heads lately in shanghai results homes, programs testing, Driverless Cars and suburban streets, or correspondent to could ride. This is what driving might look like in the future. There is only a drive in this autonomous kafir security reasons. The computer is actually behind the wheel. The shanghai suburb is the 1st place in china where passengers can test ride Autonomous Cars. When the normal traffic around it doesnt do you much different from name a car with a new woman trying to cause a quip with radar sensors and cameras along that track. Additional commerce and census collect data on the traffic situation. The Remote Control center. I wanted to speak on the street traffic information is automatically transmitted to the car below. If an accident happened in front of us, we would get a warning signal for us. And the system would be able to adjust the route accordingly. A lot of the test right takes about 20 minutes on this driving strictly limited to designate it routes. If a car leaves the test area, the human driver needs to take control. 20 chinese cities have so far opened parts of their roads for tom, the most china wants to be at the forefront of these new technologies. It wants to shape this down and put these technologies. D. D. Is chinas most popular right, hating up and the 1st company to allow passengers on their Autonomous Cars. The goal is that clients will one day be able to order an autonomous taxi just like any other car. Not they is. I dont know, in most situations we can detect objects, people, cars, bikes, all the basic participants in urban traffic. Our system only had some problems and heavy rain, but i did not test driving is limited to the designated route. Passengers have to book their ride in advance. Theres a waiting period of several weeks. More than a 1000 passengers have already taken the test drive. The overall feeling was not bad at all, and i think this could replace manual driving in the future. She is. I think they still need to do a lot to improve security. Youre right. A lot of challenges remain. The traffic in china can be quite chaotic. China has 80 cities with over 5000000, people, and frequent traffic jams are common. It is also an important testing ground for International Car to see dispenses among those who run the Autonomous Cars in test sites and the open traffic he, china is important for us because we want to test our technologies with the clients. Use them china is that would speak to karma. Companies want their technology to succeed with success and out of some of the other Global Business stories making headlines for the Chinese Parent Company of tik. Tok has asked a u. S. Court to stop an order requiring it to sell the Popular Video sharing app. The u. S. Is accused of handing user data over to china, which owner by dance denies. Apple has introduced its 1st processor designed inhouse to power its mac computers. The new m one chip marks a shift from intel processors. Its the 4th c. P. U. Series to power the macs since it was introduced in 1904. The e. U. Parliament and National Government negotiators have agreed on the blocks next long term budget. Its worth one trillion euros and covers the next 7 years beginning in 2021. It includes more funding for research in health programs, but it still needs approval by the parliament itself and member states. Pandemic restrictions have cut progs zoos income to 0. So its inviting the public to help pay for animal feed. In return for pictures of the animals, they need 400. 00 different kinds of food daily, but the zoo is facing losses this year of nearly 4000000 euros. Right, diversity is a key challenge facing the tech sector with a lack of representation of ethnic, ethnic minorities in the top jobs and workers at technology. Businesses and berlin have set up a network to try and prove that their 600 members are pushing for better representation at the top of tech. A Virtual Conference has to do and her colleagues these days. Because of the current irish pandemic grew up in south africa. In 2013, she moved to berlin. There she realized that black employees were under represented in Tech Companies. So she founded the network black in tech. I think its a reality. Its a reality that there are few days in the take space. And that is not only when it comes to workers that really from the top, when you think about investors, when you think of board members, when you really think about the people behind the creation of why these technology and innovation is a hot spot for young Tech Companies the industry employs over 70000. 00 workers here, but like almost anywhere, the majority of these workers in the german capital are white. And blacks looking for a job in the industry, often have frustrating experiences. Like financial experts. I psec who moved to berlin from the u. S. So unfortunate, i mean, hard to get to the right, but germany undervalue my experience whether its street interviews or during everyone is really trying times i asked myself my mind in dealing with it. I tried to shop in my school. I mean, i still myself so that when i get a child that what i made, thats what its trying to achieve with the network. When she began, she published an advertisement inviting blocked Tech Professionals to contact her. To her surprise, 600 people signed up in the 1st month but helps them plan their careers and establish contacts to hiring agencies. She knows the german Tech Industry can vastly improve its track record when it comes to diversity. And finally, for those of a bit of pocket change and extremely rare, purple pink diamond is going up on the Auction Block in geneva today. And its expected to fetch between 23. 00 and 38000000. 00. The oval shaped gem was cut from the largest pink crystal ever found in russia. It weighs in at 14. 83 carats. And the rare gem has been named spirit of the rose. It was 1st line in 2017. Its rough weight was 28 carats. For that one, thats it for me and the Business Team here. As always, you can find out more about these and other stories online at the dot com slash business. Facebook and twitter too. Im seen as always, thanks for watching. Desperate destitute. Nice for single mothers in albania is this specially difficult the organization but different we can provide support to families in donations and volunteers. Efforts trees are next on d w. Im sure that of us as we are in support of whats a big, whats able to be about. Welcome to global 3000, full speed ahead. Why a huge rail project has people in mexicos yucatan peninsula, worried fresh eggs online. How chinas farmers are Going Digital to survive the coronavirus pandemic, but 1st helping those who need it most volunteers are helping