Yeah, exactly, Dom. That safe haven status we've seen over the last week or so has not extended to Chinese tech.

Take a look at the K-Web basket of Chinese ADR's. It has underperformed the Nasdaq. You got Alibaba,

Tansen-Baidu. they just have not kept up and look at

Pinduadu. It was crushed yesterday after Google blocked downloads of the

app. Keep in mind you may not be super familiar with it but it is a

100 billion dollar market

cap company with 750 million monthly active users that's more than

Tik-Tok here and it runs the T-Moo shopping app that has made inroads in the

U.S. Now that app wasn't blocked the T-Moo shopping app that has made inroads in the US. Now that app wasn't blocked the

T-Moo the app that is, but what I'm hearing is that more than download issues for

its parent company, Pindrodo's huge marketing spend is raising eyebrows. You might remember Timu's Super Bowl ad you're looking at it right now

the tagline chopped like a billionaire. It played in not one but two slots during the big game.

Chinese tech investors guys they also care about efficiency and it's not

it's only one Timu that is of what I'm calling Chinese apps with American

characteristics for a long time Chinese tech companies they just couldn't

gain traction among consumers here.

But over the last few years, there's been several.

Timu, I mentioned, Sheehan, this is a fast fashion giant, popular with a younger demographic,

Tik-talk of course, and cap cut, a name to know because this is an

editing app that is also owned by Bight Dance and it's gaining popularity here.

There's also big American money involved, Tiger Global, Sequoia China.

They're both investors in Bight Dance and Sheehan.

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