The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
i urge you not to misinterpret the moves as the trends that existed for the last several decades and let that scare you away. as china s sweeping tech crackdown continues, could this crackdown kill china s entrepreneurial spirit? that s something of considerable debate. a lot of the regulatory crackdown focused on 10 to 20 of china s best and brightest entrepreneurs, including the founders of alibaba. for the broader masses of entrepreneurs, this is not so much bothering them. in the new generation, these eager, young minds are motivated by china s large markets. they see lots of opportunities. reporter: a sector under siege is also being remade to serve the people and their master planners. kristie lu stout, cnn, hong kong. the paralympics are about to
not necessarily about breaking with him. it s genuinely learning about where his administration is going to go. we ve reported that he chose people very specifically to really run, really run a lot of these cabinets, unlike presidents in the past who have done a lot of it from inside the west wing, he wants, for example, rex tillerson to be a really strong secretary of state and mattis to be a really strong secretary of defense and help to shape policies. what they say really will be an indicator of where a trump administration will go. today he s receiving a lot of foreign visitors at trump tower. today he received jack ma, the head of alibaba. he he escorted him into the lob and made an appearance before cameras. a french billionaire, louis vuitton, all sorts of other
wrong to think it would be her. with a twist. okay. jack ma. he s an english teacher turned founder and ceo of alibaba. and roger goodell. what a mix of people. so what goes into making this decision? so we are looking at the entire arc of the news of the year. we are looking at the people who affected the news for good and for ill. there s a lot of people who we would have a lot debates about. someone like putin. putin had a huge year. i would say a lot of people weren t very happy with what people did. so we talked a lot about the capacity of these individuals to affect the news and what they did and lasting ramifications. define we. how many people were in the room? it s a small group. it s always been an editorial choice on the part of time. do you make the decision?
they haven t happened this morning yet. i think every nomination will be they re all at the highest level. jack was even saying. i mean, they are the absolute highest level. i think they re going to do very well. dloo there s some concern about jeff sessions in particular. i think he is going to do great. high quality man. dpl . thank you. can you speak more mr. president-elect we ll talk more on wednesday, but president-elect donald trump, a bit of a surprise coming into the lobby of the trump tower to say hello or good-bye there, i guess, to his guest. ceo of alibaba. the president-elect pops in, you spend a lot of time around the president-elect. he is having these meetings. this is another opportunity for him to say, see, since my election, there are a lot of businesses who think they re going to get a better tax climate, they re going to get a better pro-business environment, and they re moving jobs into the united states. do we read much more into that? he ten