{"id":93044,"date":"2025-02-17T06:08:52","date_gmt":"2025-02-17T06:08:52","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/xi-jinping-meets-chinas-tech-titans-including-alibabas-jack-ma\/"},"modified":"2025-02-17T06:08:52","modified_gmt":"2025-02-17T06:08:52","slug":"xi-jinping-meets-chinas-tech-titans-including-alibabas-jack-ma","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=93044","title":{"rendered":"Xi Jinping meets China\u2019s tech titans including Alibaba\u2019s Jack Ma"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Stay informed with free updates<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Simply sign up to the <!-- -->Chinese business &amp; finance<!-- --> myFT Digest &#8212; delivered directly to your inbox.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=ac8da614-6bd4-4328-a522-a1712986d73f&amp;concept-id=dd3cc5a2-d14b-4b78-811c-89c387497476\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Chinese President Xi Jinping met some of the country\u2019s top entrepreneurs including Alibaba\u2019s Jack Ma on Monday as Beijing looks to reinvigorate private business and drive stronger economic growth. <\/p>\n<p>Ma was the most prominent victim of Beijing\u2019s tech crackdown in recent years, and has largely been absent from public view following regulators\u2019 <a href=\"https:\/\/www.ft.com\/content\/c1ee03d4-f22e-4514-af46-2f8423a6842e\" data-trackable=\"link\">dramatic intervention<\/a> in late 2020 to cancel the planned record initial public offering for Ant Financial Group. <\/p>\n<p>His presence at Monday\u2019s forum, where <a href=\"https:\/\/www.ft.com\/stream\/4ee7fccc-987b-487b-b1aa-4857ac052f56\" data-trackable=\"link\">Xi<\/a> gave an \u201cimportant speech\u201d, according to state broadcaster CCTV, symbolised \u2018s desire to present a more positive disposition towards the private sector, analysts said.<\/p>\n<p>\u201cThe meeting\u2019s purpose is to tell [the private sector,] \u2018We want to support you, we need you to boost tech innovation and consumption,\u2019\u201d said Zhang Xiaoyan, professor of finance at Tsinghua University, speaking at the Asia Securities Industry &amp; Financial Markets Association in Hong Kong. <\/p>\n<p>She added that the government wanted to \u201cinject confidence\u201d in Chinese companies.<\/p>\n<p>Beijing has been working to improve the business environment in China and strengthen economic growth after waging a years-long campaign to rein in the influence of big tech companies that damped business confidence. <\/p>\n<p>Other notable tech executives present at Monday\u2019s meeting included Robin Zeng, founder and chair of leading battery maker CATL and Meituan boss Wang Xing. Huawei founder Ren Zhengfei and Xiaomi chief Lei Jun addressed top officials, state media broadcasts showed.<\/p>\n<p>Tencent chief Pony Ma and Wang Chuanfu, chair of electric vehicle maker BYD, and Wang Xingxing, founder of robotics group Unitree, were also present. <\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--article o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"d48e9a90-ba6a-42bb-9da7-58db89643f86\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/d48e9a90-ba6a-42bb-9da7-58db89643f86\" data-trackable=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:2493\/1402\"><img decoding=\"async\" class=\"o-teaser__image\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fwww.ft.com%2F__origami%2Fservice%2Fimage%2Fv2%2Fimages%2Fraw%2Fhttps%253A%252F%252Fd1e00ek4ebabms.cloudfront.net%252Fproduction%252F7cec6a7a-34b7-4b88-a17a-6fe520d4e7ab.jpg%3Fsource%3Dnext-article%26fit%3Dscale-down%26quality%3Dhighest%26width%3D700%26dpr%3D1?source=next&amp;fit=scale-down&amp;dpr=2&amp;width=240\" alt=\"Foxconn staff, lithium batteries and the Apple and Foxconn logos are shown against the backgroud of the Chinese flag\"\/><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>China\u2019s slowing economic growth has weighed on private business, while executives have faced intensified scrutiny over alleged corruption and a <a href=\"https:\/\/www.ft.com\/content\/de2ca241-847d-4b27-980c-52a19c1deb8b\" data-trackable=\"link\">spate of detentions<\/a> by local authorities. <\/p>\n<p>In the past, Xi has used meetings with business leaders to promise tax cuts and a level playing field with state enterprises.<\/p>\n<p>The emergence of pioneering artificial intelligence models from start-up DeepSeek has helped renew interest in Chinese technology and <a href=\"https:\/\/www.ft.com\/content\/af0636d6-59af-453c-9d75-6f6a3d9f11ce\" data-trackable=\"link\">ignited a bull market<\/a> in the main benchmark for the country\u2019s tech stocks.<\/p>\n<p>The Hang Seng Tech index, a benchmark of the 30 top tech companies listed in Hong Kong, is up 24 per cent since the start of the year as investors respond to DeepSeek\u2019s breakthrough and Beijing\u2019s positive messaging on the tech sector.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Stay informed with free updates Simply sign up to the Chinese business &amp; finance myFT Digest &#8212; delivered directly to your inbox. Chinese President Xi Jinping met some of the country\u2019s top entrepreneurs including Alibaba\u2019s Jack Ma on Monday as Beijing looks to reinvigorate private business and drive stronger economic growth. Ma was the most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":93045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[44537,26301,11225,3519,44535,4909,5107,44536],"dealstore":[],"offerexpiration":[],"class_list":["post-93044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-alibabas","tag-chinas","tag-including","tag-jack","tag-jinping","tag-meets","tag-tech","tag-titans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Xi Jinping meets China\u2019s tech titans including Alibaba\u2019s Jack Ma - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=93044\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xi Jinping meets China\u2019s tech titans including Alibaba\u2019s Jack Ma - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Stay informed with free updates Simply sign up to the Chinese business &amp; finance myFT Digest &#8212; delivered directly to your inbox. 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