Alibaba Reports World-Beating 3 Billion Downloads for Qwen | The China Show | 8/17/2026

Watch on YouTube ↗  |  August 17, 2026 at 06:04  |  1:32:12  |  Bloomberg Markets
Speakers
Anthony Stevens — Bloomberg Market Producer
Michelle — Head of Asia Metals, Mining and Sustainability, Bloomberg Intelligence
Elaine Lai — China Consumer Analyst, Bloomberg Intelligence
Jacqueline Du — Head of China Industrial Tech Research, Goldman Sachs
Bloomberg Reporter — Hong Kong Correspondent
Mark Cranfield — Cross Asset Strategist, Bloomberg
Tania Archibald — CEO, BlueScope Steel
Nandalal Weerasinghe — Governor, Central Bank of Sri Lanka
Jesse Liu — CFO, LimX Dynamics

Summary

The video covers a quiet trading session in Asia, with a focus on China's delayed July economic data and ongoing weakness in traditional sectors. Discussions highlight the divergence between China's struggling macro economy and its booming AI and tech export sectors, alongside corporate earnings from companies like Zijin Gold, Kweichow Moutai, and BlueScope Steel.

  • China delays the release of its July economic data, which is expected to show continued weakness.
  • Alibaba reports 3 billion downloads for its open-source AI models, highlighting China's push in the AI race.
  • Zijin Gold reports strong first-half earnings, shifting its growth driver from gold prices to production volume.
  • Kweichow Moutai misses earnings estimates amid sluggish demand and emerging governance risks.
  • Goldman Sachs outlines China's 'Global 3.0' export era, focusing on AI-enabled industrial tech and robotics.
  • US 20-year Treasury yields face upward pressure from hyperscaler capital demands and fiscal deficits.
  • BlueScope Steel plans to increase shareholder returns following strong performance in the US and Southeast Asia.
Ideas
Anthony Stevens Bloomberg Market Producer 26:41
Alibaba's open-source models drive global AI adoption.
Alibaba is becoming the backbone of the global AI ecosystem as developers download and build on its open-source models, making its upcoming earnings extremely important for investors looking for monetization in the AI space.
BABA MED
Michelle Head of Asia Metals, Mining and Sustainability, Bloomberg Intelligence 28:59
Volume growth will drive Zijin Gold's earnings.
Zijin Gold is expected to see strong earnings driven by a shift from gold price appreciation to 20% year-over-year volume growth, supported by its attractive acquisition of a stake in Allied Gold and consistent cost execution.
601899 HIGH
Elaine Lai China Consumer Analyst, Bloomberg Intelligence 32:24
Sluggish demand and governance risks pressure Moutai.
Kweichow Moutai is facing a prolonged market downturn and sluggish demand that recent price hikes could not offset, compounded by emerging governance risks from executive investigations, which may diminish investor trust despite the company's high gross margins.
600519.SS HIGH
Jacqueline Du Head of China Industrial Tech Research, Goldman Sachs 40:36
Regulatory scrutiny poses risks for Chinese robotics.
Chinese energy storage and humanoid robot companies face mid-term pain due to strong regulatory scrutiny and geopolitical complexities, such as US FCC restrictions related to data security.
TAN MED
Tania Archibald CEO, BlueScope Steel 72:14
Strong US demand supports BlueScope Steel's performance.
BlueScope Steel is positioned for resilient performance and increased shareholder returns, driven by a strong US macro environment, record performance in Southeast Asia, and strong cost and productivity discipline in Australia.
BSL.AX HIGH
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This Bloomberg Markets video, published August 17, 2026, features Anthony Stevens, Michelle, Elaine Lai, Jacqueline Du, Tania Archibald discussing BABA, 601899, 600519.SS, TAN, BSL.AX. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anthony Stevens, Michelle, Elaine Lai, Jacqueline Du, Tania Archibald  · Tickers: BABA, 601899, 600519.SS, TAN, BSL.AX