So if we've seen the rise of the magnificent seven here this year China has the big four

the emergence of its own new tech leaders that's pin duo duo she and bite dance and

Huawei their rise both at home and abroad is really coincided with the remarkable decline of

Ali Baba which is of course the former poster child of Chinese tech strength and

innovation. Now Baba's latest attempt to win back investor confidence, it is another executive

shake up this time giving its CEO greater control over its e-commerce

business and this is a move that consolidates power around him Eddie Wu as Jack Ma continues to stay out of the picture.

But this also comes after Alibaba has already lost its crown to Pinduadu as China's most valuable

e-commerce company.

PDD along with Sheehan has done what Ali Baba was never able to do

and that has captured the American consumer.

But the Shakeup in Chinese tech,

it is even broader and more dramatic than what has happened in e-commerce this year.

Huawei's smartphone business, it was left for dead a few years ago under the effects of US sanctions.

This year, however, it has released a smartphone powered by its own made in China chip and ridden a patriotic buying spree that has put Apple on the backfoot.

Then there's of course Tik-Tok Parent Bike Dance, which is reportedly on track to overtake

another Chinese Tech Giant 10 cents revenue this year and continues to be the

world's most valuable startup. So guys it could be interesting to think of this as

two buckets emerging the old

guard and the new guard in China no longer our investors excited about the so-called

ex-group that's China's answer to our fang made up a bidu alibaba

tencent and chowmei all eyes have shifted our fang made up a Baidu, Alibaba, Tansant, and Shao Me.

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