Bloomberg Television·2026-08-07 04:40Macroeconomic Trends and Trade - China's overall government revenue to GDP dropped from 31% pre-COVID to 24% last year [47] - China's July exports increased by 23.9% in dollar terms, while imports rose by 27.5% [192] - The Philippines' second-quarter GDP grew by 2.3%, missing the consensus estimate of 2.9% and marking the slowest pace since 2009 excluding the COVID-19 era [151][152][155] Artificial Intelligence and Technology Industry - DeepSeek resumed its second funding round, seeking to raise close to $8 billion with a valuation target of ¥500 billion [26][29] - Alibaba is planning to charge major users and implement revenue-sharing models for its open-source AI models [35][141] - Unitary Robotics is seeking to raise over $900 million in a Shanghai IPO, pricing shares at ¥150 each [97][98] Corporate Earnings and Financial Performance - Pacific Basin reported an interim net profit of $105 million for the first half of the year, representing a fourfold increase compared to the same period last year [66] - SoftBank reported a first-quarter profit beat, though investors remain concerned about its loan-to-value ratio rising to between 18% and 20% [156][161] - DBS saw its second-quarter net income rise by 22% to $1.7 billion, driven by strong insurance and wealth management fees [103]