Mon. 10/24 – Investing In Chinese Tech Means Investing One Man’s Whims?

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.7 • 1K Ratings

🗓️ 24 October 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Did investing in Chinese tech become a fool’s errand over the weekend? A deep dive on how TSMC is caught in the middle of all the things. Is Elon’s Twitter deal presenting systemic risk to corporate finance? Are M2 Mac Pro and Macbook Pro’s still coming soon? And Bono tries to justify putting that U2 album on your iphone. Sponsors: Masterclass.com/ride for 15% off Links: China Stocks Crater in US as Alibaba Leads $130 Billion Wipeout (Bloomberg) TSMC: the Taiwanese chipmaker caught up in the tech cold war (Financial Times) Elon Musk’s Twitter Takeover Debt to Be Held by Banks Amid Turbulent Markets (WSJ) These artists found out their work was used to train AI. Now they’re furious (CNN Business) The iPad Lineup Is Perplexing — Here’s How Apple Could Fix It (Bloomberg) Bono on the birth of U2, that iTunes album and Live Aid: ‘There’s only one thing I can see when I watch it: the mullet’ (The Guardian) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the Tech Meme Right Home for Monday, October 24th, 2022.
0:07.7	I'm Brian McCullough.
0:08.5	Today has investing in Chinese tech become a fool's errand over the weekend. A deep dive on how
0:14.8	T.S. M. C. is caught in the middle of all the things is Elon's Twitter deal
0:19.0	presenting systemic risk to corporate finance. Our M2 Mac Pro and Macbook pros still coming soon and Bono
0:26.4	tries to justify putting that you two album on your iPhone. Here's what you
0:30.7	miss today in the world of tech.
0:38.0	Gonna start off this week a bit from left field. Overnight Chinese tech stocks basically got wiped out on the Chinese stock market.
0:44.0	I'm talking about companies the likes of Alibaba, JD.com,
0:48.0	NASPRs, etc.
0:50.0	all down by more than 10%.
0:52.0	Basically the consensus from analysts seems to be this. You might
0:56.5	have seen over the weekend that President Xi Jing Ping consolidated his grip on China's
1:01.2	ruling party and thus his grip on that entire country
1:04.4	including its economy. This means that essentially an investment in China,
1:08.4	especially Chinese tech going forward, is basically now an investment in the whims of one man.
1:15.0	And I guess investors don't exactly fancy that, quoting Bloomberg.
1:19.0	The NASDAQ Golden Dragon China Index of 65 Chinese stocks sank 15% are raising about $89 billion in market value.
1:26.5	Major internet companies from Alibaba group to JD.com saw double-digit declines.
1:32.0	The Crane shares CSI China Internet Fund
1:34.3	which tracks more than 40 Chinese stocks tumbled 15%. Monday's selloff came
1:38.9	after Xi packed the Politburo's Standing Committee with six loyalists during the party's twice a decade
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Amalgamated Internets, LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Amalgamated Internets, LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.