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Chairman and founder after that stubhub cash deal from ebay. Five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. The listing is being seen as a triumph for a stock exchange. It comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash . John it will be interesting to see what they do. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business which is a percent of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how t ....
In citywide fees, 77 in central soma fees and in our case and many of our peers have similar fees, 79 of project fees and concessions. Thats over 200 of concessions in the project. If you look at the numbers that mr. Eagan just presented if we are building 430,000 square feet a year and lose 120, the job housing linkage fee would be the same but you would lose 200 per square foot or 24 million per year of public benefits. We urge continuance and continued dialogue on this one. Thank you mr. Shannon. 2700 block of california is it about scott street . I would pose to you those people are actually going to tech jobs on the peninsula and had the peninsula built housing, they would be living next to their jobs right now. The floor is yours. Thank you supervisor. Mike from realty corporation. I completely agree that none of you who support this measure are trying to eliminate jobs in San Francisco. That was a good clarification. The goa ....
Praying always that there should be an implementation for this. Thank you. And congratulations to all of us. Thank you for your testimony. Next speaker, please. Mr. Peterson. Thank you. Good evening supervisors. My name is christopher peterson. I strongly support finding new sources of revenue to fund Affordable Housing. Sounds like a substantial increase and this fee is appropriate. Im agnostic about what the exact amount should be. But i do think theres one factor that i havent heard discussed in this process. That its important for this and should be just a routine component of the analysis of other similar significant measures, which is Climate Change. This proposed fee increase potentially could play a beneficial role in the citys response for example by increasing supply of Affordable Housing in the city. I ....
Nondisclosure agreements to join the android option. Some are calling the move another example of strongarming the competition. First, what a difference a day makes. Major markets have closed in the green after mondays recordbreaking losses. Tech can be partly to thank for the turnaround with apple, tesla, cisco leading gains. The s p closed up 1. 2 while the nasdaq closed up 1. 4 . Should take investors be popping the champagne just yet . Joining us to discuss, bloomberg Senior Editor michael regan. Should they . Ke they can at least breathe a little bit of a sigh of relief. Tech was the leader yesterday mainly because people saw that fix the chinese currency sunday night, monday morning china time. It was a dramatic move, the weakest fix for the currency on basis since 2015 and it allowed the currency to drift above that seven level compared to the u. S. Dollar. People thought that was a line in the sand. Fix, the peoples bank of ....