Chinese President Xi Jinping reported meeting with the country’s top business leaders, including Jack Ma, the founder of Alibaba, who maintained a low public profile after angering Chinese officials a few years ago. .
Bangkok – Chinese President Xi Jinping met with private sector business leaders on Monday, state media reported that government officials were working to revive an economy that was disrupted by the pandemic, regulatory oppression and the real estate crisis.
Some of the representatives founded the e-commerce company Alibaba in the 1990s, and was once the wealthiest man in China. He has continued to have a public appearance that has been barely publicly publicly in recent years after publicly criticising China’s regulators and the financial system during his speech in Shanghai.
Other business leaders at Monday’s meeting in Beijing include Zeng Yuqun, chairman of battery developer CATL, Wang Chuanfu, chairman of electric car maker BYD, and Pony MA, CEO of Tencent, which owns WeChat. , according to the meeting video, owns WeChat. State broadcaster CCTV and national media reports.
According to a report from state media, XI made “important remarks” to the gathered representatives without giving details. The short two-paragraph report originally carried by state media has since been deleted. Instead, a search online revealed a short state media statement that cut out the names of people present.
One of the country’s wealthiest men, MA, gave a speech in October 2020, saying that the regulators were too conservative. The government responded by giving up plans to make the stock market debut for Ant Group, a financial-focused business that grew from the popular digital payment system Alipay. They also forced the ANT group to rebuild and split it into multiple independent businesses.
Alibaba was also fined and fined $2.8 billion for violating antitrust rules.