Meeting of the President of China XI Jinping with entrepreneurs last month gave the companies confidence in the investment, the chairman Alibaba The Joe Tsai group said in CNBC's Will coincide live in Singapore on Wednesday.
“People underestimate the importance of this meeting,” he said. “What happened to this meeting of the entire sector of the entrepreneur or … a private business sector, or gave private entrepreneurial confidence in investing in their activities.”
Last month he maintained Symposium with closed doors With some of the most outstanding business leaders in the country, including the founder of Alibab, Jacek Ma, in a rare support show for long -term sectors.
Beijing called entrepreneurs to “show his talents” and maintain a competitive spirit, in traffic perceived as a change in attitude after many years of effort to reign in some of the largest technology companies in the country about fears that too large and powerful grow.
The turnout of the founder of Alibab, Jacek has at a meeting, led by XI, was seen as highly symbolic.
The general businessman was mostly except for the public opinion, because the Chinese authorities gathered the hit Public offer Ant Group Alibaba at the end of 2020, after his public criticism of the regulatory system of the enraged Beijing country.
Increasing trust
Last month, the peak indicated that a more soft position than Beling towards companies he bet on to drive his weakening economy, because the slow domestic demand continued growth.
Asked to comment on the state of Chinese national consumption, Tsai said that consumers “stand on their side, waiting for the release” with a “very, very strong” balance of households. “What will make them give them: confidence and sentiment,” he emphasized.
“The combination of private business and emotions related to the development of technology will ultimately translate into consumer trust,” said Tsai on Wednesday.
“Companies make investments … When making decisions about employment (I) again, hiring people” – he added, “ultimately this will flow through consumers' trust.”
The technological juggernaut was ambitious in his AI strategy, announcing last month Investment plan $ 52 billion in processing in cloud and infrastructure AI in the next three years. Alibaba claims that his AI Qwen has achieved good results in official comparative tests and shows the growing strength of the company in this field.
Last Thursday, a technological giant exposed QWQ-32B, his latest AI reasoning model, which he claimed “Rivals The most modern model of reasoninge.g. Deepseek-R1. “
Meeting XI “gave us confidence in the restoration of our earnings and investments, also employing people,” said Tsai.