Politics
Alibaba invests billions after Jack Ma and Xi Jinping Handshake
The government turns to private companies to return and stimulate the economy, he said.
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A week after the meeting, Alibaba announced its intention to invest aggressively in AI, committing $ 52 billion over three years, adding firepower to Chinas' objective to be the world leader in AI.
Addressing the handpicked commercial titans at the summit last month, XI urged them to present their talents and to make important contributions to the Chinese economy, according to the Reunion media accounts. The remarks triggered speculations furiously on the question of whether Beijing pointed out a change of policy towards the private sector when he fights a technological and tariff war with America, while trying to launch his slow economy.
The leaders of Huawei, Xiaomi and Byd were one of those who were present.
But a common point of view among Chinese analysts is that the meeting of the first of its kind held by XI since 2018 did not aim to defend the private enterprise as the engine driver of the Chinese economy. Rather, it was a question of reporting the recruitment of private companies to be at the service of the parties of the parties to usurp the United States in the AI and the high-tech breed.
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Mas rehabilitation was a sign that Alibaba had swung behind the priorities of the parties, said Antonia Hmaidi, principal analyst of the Mercator for China Institute, during a recent panel event.
If you look at Alibaba when Jack Ma disappeared for the first time, he was really focused on financial services. Now, if you look at Alibaba's annual reports, it's a whole focused on AI, she said.
[It] Show that if you are reformed in the Communist Party, you may be invited to come back.
As the main founder of Alibaba, the largest electronic commerce platform in Chinas, I acquired as the best known and richest entrepreneur, considered to be embodying the spirit of the country which increases technological potential.
But he drew the anger of Beijing when he publicly criticized Chinese regulators in a speech in October 2020, and the officials began to reintegrate into Mas companies, to develop the public list of US $ 37 billion from his company Fintech Ant Group and to amend Alibaba $ 2.8 billion US.
My has retired from public life and had been seen in contexts mainly to profile since then.
The XIS Affairs Summit came a fortnight before the session of the National Congress of the Peoples of Chinas, the parliament of rubber tampons in countries, where the Prime Minister of Chinas Li Qiang said that the internal consumption which is, giving Chinese consumers the necessary confidence to spend money was the number one priority of governments.
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