'Better Than Ever': Trump, Xi Hail Ties at Beijing Summit | The China Show 5/14/2026

Watch on YouTube ↗  |  May 14, 2026 at 05:48  |  1:49:32  |  Bloomberg Markets
Speakers
Elinor Leung — Head of Asia Telecom and Internet Research at CLSA
Mark Cudmore — Executive Editor, Bloomberg Live / Macro Strategist
Ker Gibbs — Executive in Residence, University of San Francisco Center for Asia Pacific Studies
Bonnie Glaser — Managing Director, Indo-Pacific Program, German Marshall Fund

Summary

The video covers President Trump's state visit to Beijing for a summit with President Xi Jinping, focusing on trade, technology, and geopolitical tensions including the Iran war and Taiwan. Markets reacted positively with Chinese tech stocks rallying on Alibaba's AI guidance and the prospect of chip export relief. Analysts discussed the sustainability of the Greater China AI rally, Alibaba's cloud monetization, and the need for a framework to stabilize US-China commercial relations.

  • Trump and Xi meet in Beijing for a 36-hour summit with a business delegation including Jensen Huang and Elon Musk.
  • Alibaba and Tencent rallied after earnings; Alibaba guided AI cloud revenue to triple by year-end.
  • Mark Cudmore expressed bullishness on Greater China tech due to better valuations but noted tail risks from the summit.
  • CLSA analyst Elinor Leung favored Alibaba over Tencent for AI cloud monetization and margin expansion.
  • Ker Gibbs highlighted Tesla's declining market share in China and the narrowing lane for US businesses.
  • Bonnie Glaser discussed China's rare earth leverage and the likely extension of the trade truce.
  • The summit opened with warm remarks but substantive negotiations on Iran, Taiwan, and tariffs are behind closed doors.
  • Chinese markets rose, with the CSI 300 reaching a five-year high and the offshore yuan extending its win streak.
Trade Ideas
Elinor Leung Head of Asia Telecom and Internet Research at CLSA 35:35
Alibaba AI cloud revenue to triple
Alibaba is better positioned than Tencent for AI monetization because its cloud business is benefiting from model-as-a-service, with external cloud revenue accelerating to 40% year-on-year and expected to further accelerate with margin expansion. Management guided AI revenue to triple and contribute over 50% of cloud revenue within a year, driven by generative AI applications in coding, video, and enterprise productivity, where customers are willing to pay higher prices for differentiated capability. Alibaba's full-stack AI service (cloud, model, application) gives it the lowest cost per million token, enabling it to capture the largest dollar amount in cloud services as the largest and fastest-growing cloud provider in China with 28% market share.
BABA HIGH
Up Next
30:47
Is Bitcoin ETF good news? The shocking reason why Bitcoin's gains absolutely won't flow into altcoins | Seo Dong-ju, Kim Dong-hwan, Jin Jong-hyun, Xangle Research Center Head
3PRO TV (삼프로TV) · May 14
27:58
Bitcoin's Fate Hinges on the Clarity Act. Democrats Block with 100 Tricky Amendments, and Expectations for US-China Talks | Seo Dong-ju, Kim Dong-hwan, Kim Je-i, Blockmedia Editor-in-Chief [Crypto PLUS]
3PRO TV (삼프로TV) · May 14
20:46
LG Electronics Revaluation Begins.. Because of Physical AI and 'This' / Lithium Price New High, Is POSCO Holdings' Counterattack Beginning? | Lee Gwon-hee CEO
815 Money Talk (815머니톡) · May 14
6:11:01
[May 14, 09:00 AM Broadcast Full View] Even if PPI and Treasury yields rise, we're going with AI! Nasdaq +1.2% close
3PRO TV (삼프로TV) · May 14
31:30
Samsung Electronics, SK Hynix Leverage ETF Launch Imminent...How to Invest?_26.05.14. | Kim Hee-joong, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
3PRO TV (삼프로TV) · May 14

This Bloomberg Markets video, published May 14, 2026, features Elinor Leung discussing BABA. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Elinor Leung  · Tickers: BABA