Chinese President Xi Jinping plans to chair a symposium aimed at boosting private enterprise momentum next week.
Mr. Jack Ma's attendance at the symposium with the aim of planning and promoting business confidence - Photo: REUTERS
According to Reuters, on February 14, Chinese President Xi Jinping shared that he plans to chair a symposium to promote the motivation of private enterprises in China next week.
The symposium will address challenges facing Chinese companies, from escalating tensions with the US under President Donald Trump to slowing growth in the domestic economy.
Mr. Xi's actions show the Chinese government's great concern for private businesses in the country.
The conference was attended by domestic business leaders, especially billionaire Jack Ma - founder of Alibaba.
The return of billionaire Jack Ma - who faced government opposition and largely disappeared from public view for years since 2020 - at this conference could create new confidence in the business community.
This is a signal that the government is looking to ease regulations and create opportunities for private businesses to grow.
Many entrepreneurs from the technology sector are encouraged by Mr. Xi to expand their businesses at home and abroad amid the escalating US-China technology war.
Besides billionaire Jack Ma, CEO of tech giant Tencent - Mr. Pony Ma is also expected to be present.
Reuters sources said that Lei Jun, Xiaomi's chief manufacturing officer, and Wang Xingxing, founder of robot company Yushu Technology, are likely to attend.
After news of the symposium was announced, Hong Kong-listed shares of Alibaba, Tencent and Xiaomi rose sharply in the afternoon trading session on February 14.
Xiaomi shares are at a record high, up 7%, Tencent is also up 7% and Alibaba is up 6%.
Billionaire Jack Ma returns, sending a message about AISource: https://tuoitre.vn/ong-tap-can-binh-se-chu-tri-hoi-nghi-co-ti-phu-jack-ma-20250214173155159.htm
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