Beijing Blocks Meta‑Manus Deal That’s Already Done | The China Show 4/28/2026

Watch on YouTube ↗  |  April 28, 2026 at 05:05  |  1:32:02  |  Bloomberg Markets
Speakers

Summary

The show covers China's unprecedented block of Meta's Manus acquisition, Pony AI CEO's robotaxi expansion plans despite Iran war disruption, CATL's $5B HK placement, and analysis from CITIC CLSA and Korea Investment Management. Key actionable ideas include a bullish call on China domestic semiconductors and a recommendation for a global semiconductor value-chain ETF.

  • China blocks Meta's $2B acquisition of AI startup Manus, ordering unwinding of the deal and sending a warning to other tech startups.
  • Pony AI CEO James Peng says global expansion is on track despite temporary Middle East pause and that vehicle shipments have resumed.
  • CATL raises $5 billion in Hong Kong placement, shares fall 7% on the day.
  • CITIC CLSA's Shihao Li calls domestic Chinese semiconductors the best trade, citing Deep Seek catalyst and domestic AI computing center reinforcement.
  • Korea Investment Management CEO Jaekyu Bae recommends a diversified semiconductor ETF (ACE) to avoid memory-cycle risk and highlights five Korean growth sectors.
  • Asian equity markets show resilience, with North Asia (Taiwan, Korea) outperforming South Asia due to AI exposure.
  • BOJ decision awaited; yen weakness and rising JGB yields remain key risks for Japan.
  • Brain-computer interface startup Gestalt (Phoenix Peng) aims to commercialize non-invasive ultrasound BCI by 2026.
Trade Ideas
Shihao Li 36:58
China domestic semis are best trade
Domestic Chinese semiconductor stocks are the best trade because Deep Seek's lowering of token prices will drive demand for domestic AI chips, creating a reinforcing cycle with China's domestic computing centers and leading to a successful business model similar to US CapEx boom.
SMH HIGH
Jaekyu Bae 78:50
Global semiconductor ETF outperforms memory cycle
Investors should focus on the whole semiconductor value chain through the ACE Global Semiconductor Platform ETF, which includes SK Hynix, Samsung, TSMC, and ASML, to avoid the cyclicality of pure memory plays while capturing broad AI-driven demand.
ACE Global Semiconductor Platform ETF MED
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This Bloomberg Markets video, published April 28, 2026, features Shihao Li, Jaekyu Bae discussing SMH, ACE Global Semiconductor Platform ETF. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Shihao Li, Jaekyu Bae  · Tickers: SMH, ACE Global Semiconductor Platform ETF