The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.
Upbeat earnings by big tech companies have added to a recent rally driven by Xi Jinping’s meeting with top corporate executives and the AI hype around DeepSeek.
A potential meeting between Chinese President Xi Jinping and Alibaba Group Holding Ltd. co-founder Jack Ma this week may fuel further gains in China's technology stocks, which have been on a blistering rally.
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.
China’s President Xi Jinping met with private sector business leaders on Monday, offering them assurances that policies regarding the private sector would not change, state media reported, as government officials work to revive an economy disrupted by a pandemic,
Alibaba stock is moving higher on Friday amid reports that the company's co-founder Jack Ma may soon meet with Chinese President Xi Jinping.
The e-commerce company's Hong Kong stock rallied 6.3% after Bloomberg and Reuters reported that Chinese President Xi Jinping would meet with Alibaba co-founder Jack Ma and other business leaders. Excitement about AI,
China's President Xi Jinping met with private sector business leaders on Monday, state media reported, as government officials work to revive an economy disrupted by a pandemic, regulatory crackdowns and a real estate crisis.
The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold but ever wary of meddling.
Chinese tech giant Alibaba Group will invest more than 380 billion yuan (about $53 billion) in building cloud and hardware infrastructure for artificial intelligence, the Xinhua news agency reports. Chinese publication Penpai noted that these investments were a record volume of investments by Chinese private enterprises in the creation of cloud and hardware infrastructure for AI.
Xi Jinping assured private sector business leaders on Monday that government policies toward the private sector would remain unchanged.