The driving force behind their evaluation and as we all know, almost all of these companies are having terrible evaluations right now. With not having a lot of positive sentiment coming from us investors, the companies obviously are trying to figure out how to appeal to a new set of investors that can offer a better valuation or recognise better valuation. So obviously asia based investors understand the company better, they understand china better. They are less worried about the environment in china in general again, more from a political and trade perspective as opposed to the economy, certainly the economy in china is not great. But to those investors buying in hong kong, there s not enough buying power, not enough ability to change the valuation relative to this big anchor, which is the adr positions. So, upgrading it to a dual primary gives it the ability, for first of all for money to come in from the mainland through the connects and various channels like that, and then, the ho
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
it s just a matter of how fast, did you really believe that? of course i believed it then. i think it s a fair assessment about where the anc find themselves in the last local government elections, in 2021, they, for the first time in post democratic south africa, lost their majority and fell below 50%. this obviously allied with the fact that our economy s not growing, we ve got 30 million people living in poverty, 12 million people unemployed, and loadshedding, rolling blackouts, which have reached into every home and switched off the lights, switched off our factories, and switched off our economy. south africans are realising that if they don t change the way they vote, south africa is going to end up in a very, very dark place, and it s going to be poverty and inequality deepening. well, in that bleak context that you ve just outlined, with the unemployment, what they call here loadshedding , the rolling power cuts, the massive economic problems, how is it that the m
of the guard coming in south africa, the anc s decline is terminal. it s just a matter of how fast, did you really believe that? of course i believed it then. i think it s a fair assessment about where the anc find themselves in the last local government elections, in 2021, they, for the first time in post democratic south africa, lost their majority and fell below 50%. this obviously allied with the fact that our economy s not growing, we ve got 30 million people living in poverty, 12 million people unemployed, and loadshedding, rolling blackouts, which have reached into every home and switched off the lights, switched off our factories, and switched off our economy. south africans are realising that if they don t change the way they vote, south africa is going to end up in a very, very dark place, and it s going to be poverty and inequality deepening. well, in that bleak context that you ve just outlined, with the unemployment, what they call here loadshedding , the rol