Jack Ma Meets with Xi Jinping

Hong Kong
CNN

Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.

Besides Ma, the other tycoons in attendance included Huawei founder Ren Zhengfei, BYD CEO Wang Chuanfu, CATL CEO Zeng Yuqun, Tencent CEO Pony Ma, Meituan CEO Wang Xing, Xiaomi CEO Lei Jun, and DeepSeek CEO Liang Wenfeng, according to a video report from state broadcaster CCTV.

According to official news agency Xinhua, the Chinese leader told the tycoons that they had “immense potential and promising prospects.” He said the country’s economic challenges were only temporary and also promised to remove barriers to fair market competition.

“Now is the perfect time for private enterprises and entrepreneurs to thrive,” he said at the meeting at the Great Hall of the People, where he chaired a similar symposium with leaders of privately owned businesses in 2018.

https://www.cnn.com/2025/02/17/tech/china-jack-ma-alibaba-meeting-hnk-intl/index.html