Xi Jinping sits down with the once-shunned Jack Ma and his tech peers. What does it mean for the sector and their US rivals?

Chinese President Xi Jinping's recent meeting with tech executives, including Jack Ma, signals a shift from regulatory crackdowns to a more supportive stance toward China's private sector. This follows China's cyclical pattern of tech regulation: initial leniency,

A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming.

Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s President Xi Jinping sat down publicly with Alibaba Group’s co-founder Jack Ma, whose firm bore the brunt of that campaign,

Chinese President Xi Jinping recently attended a "Private Enterprise Symposium," which saw participation from nearly all leading companies, including Alibaba founder Jack Ma. However, the details of what these private enterprise leaders discussed during the meeting have only recently begun to emerge in reports.

Alibaba announced plans to invest billions in AI infrastructure. Founder Jack Ma recently met with Chinese President Xi Jinping. Since the meeting, Alibaba's stock has

Xi is permitting Ma’s return, but he has not fully reinstated him. The government may be offering him a chance to contribute again — but with strict conditions.

According to Chinese economic media sources like Chailianshe on the 24th, Daniel Zhang, chief executive officer (CEO) of Alibaba Group, revealed this plan. This not only exceeds the total amount Alibaba has invested in the sector over the past decade but also marks the largest AI investment among private corporations in China.