Alibaba scrapping plans to spin off its cloud unit, blaming the U.S. restrictions on chip exports.

On a week when all eyes are on China-US relations.

It's Thursday, November 16th.

Welcome to the Tech Check podcast.

I'm Dearderbosa.

And I'm Mark Gilbert.

Ali Baba out with quarterly earnings this morning.

Actually, a pretty strong report. Sales and profit, beating estimate, but it's their change in corporate

strategy D that's getting investor focus today.

Yeah, and Mark, it feels like a long time since Alabama traded on fundamentals right

it's really seen as this proxy for China-US relations and today more than ever it's a

reminder that some of these issues, especially economic,

technological, that they will continue to play out despite this week's meeting

when both sides, you know, President Biden, met here in San Francisco, and they tried to

signal a thon U.S. China relations.

I mean, a lot of the talk today has focused on Xi Jinping's warm reception here, and it's

playing well over in China as well the standing

ovation that he got from business leaders.

That is sort of on the surface right and that's what he came here to do is put a floor under

US-China relations and that's what he came here to do is put a floor under US-China relations and that's what's happened but even the word thaw Gilbert

implies that it could go either way could continue to melt and thaw and become friendly or it could go the other way.

Like last time they met about a year ago in Bali, right? A few months after they met and sort of thawed relations

...