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What does Jack Ma’s return to the public spotlight mean?

Joao da Silva

Business correspondent

grey placeholderCCTV image of Chinese President Xi Jinping shakes the hand of Ali Baba Jack Ma.CCTV

A meeting between Chinese President Xi Jinping and some of the country’s business leaders this week resulted in excitement and speculation, after the founder of Alibaba Jack MA was filmed in this event.

Mr. MA Carismi and Colon, who was one of the most prominent businessmen in China, withdrew from public life after criticizing the financial sector in China in 2020.

His appearance on Monday sparked a wave of discussion, as experts and analysts wonder about the meaning of this, and the technology sector in China and the economy in general.

The response was very positive – technical stocks, including those in Ali Baba, were gathered shortly after the event.

On Thursday, the e -commerce giant reported financial results that overcame expectations, as the shares ended in New York’s trading day by more than 8 %. The shares of the company have increased by 60 % since the beginning of the year.

So what analysts read in the appearance of MR MA in this event alongside other prominent guests – including Deepseek Liang Wenfeng?

Is Jack what “rehabilitation”?

Analysts began looking for evidence about the importance of the meeting as soon as the Chinese government media began to issue pictures of the event.

“The presence of Jack Ma, his seats in the front row, although he did not speak, and shaking hands with Xi clear signs that he was rehabilitated,” wrote Chinese analyst Bill Bishop.

Social media was fond of users who praised the master for his return to the general light of the light.

“Congrats [Jack] “Massachusetts for a safe landing,” said one of the users on the Chinese social media platform and APO.

“return [Jack] Massachusetts said a snapshot in the arm to the current Chinese economy.

It is not surprising that observers are hung a lot of importance on the appearance of Mr. MA.

Before his disappearance from public life in 2020 – after the comments at a financial conference that state -owned banks in China had a “warden store mentality” – the master was the boy who is a technology industry in China.

grey placeholderReuters Jack Ma, co -founder of Alibaba Group, at the Viveech Startups and Innovation Fair, in Paris in 2019. Reuters

Analysts say that the return of the master what can indicate a change in politics towards the technology sector

An English teacher without a background in computing, Mr. Ma He participated in the founding of Ali Baba in his apartment For more than two decades, after convincing a group of friends to invest in its online market.

He continued to build one of the largest technology blocs in China and become one of the richest men in the country.

It was before his suspension “The Pedic Store”, when he regretted “the lack of innovation” in the country’s banks.

This led to the cancellation of the stock market for 34.5 billion dollars (27.4 billion pounds) for the ANT Group, the giant of financial technology.

This was seen at the time as an attempt by Beijing to humility a company that has become very strong, and a leader who has become very frank.

Analysts agree that the fact that he returned to the spotlight, at a symposium headed by Shi Jinping himself, is a very good sign of the master.

However, some caution that the fact that it was not among the speakers may appear that he did not fully return to the isolated situation he was once.

Also, it appears that the lack of coverage that his presence in the Chinese media confirms that it has not been completely rehabilitated.

Has the technology industry campaign ended?

Xi Jinping told the symposium that their companies need innovation, growth and survival, despite the economic challenges of China, which he described as “temporary” and “local”.

He also said that “the time for private institutions and businessmen to display their entire talents.”

This has been widely interpreted as the government tells private technology companies that they have also returned in good blessings.

The master had previously fell a campaign of broader technology industry in China.

Companies have faced a more strict application of data security and competition, as well as the state’s control of important digital assets.

Other companies across the private sector, which range from education to real estate, also ended up targeting what has become known as the “Joint prosperity” campaign.

The measures developed by the policies of joint prosperity were seen by some as a means of curbing billionaire owners in some major companies in China, instead granted customers and workers more than one opinion on how companies work and distribute them.

But with Beijing imposed new new regulations, billions of dollars were eliminated from the value of some of these companies – many of which are technology companies – which were exposed to international investors.

This, in addition to the deteriorating global economy affected by the epidemic, as well as Russia’s invasion of Ukraine, has contributed to major changes in the economic situation in China.

Growth has slowed down, and the country’s youth jobs have become more rare, amid the shrinkage of the real estate sector, people are not spent enough.

With rumors that the master will not attend the Monday meeting in the spread, as well as a glimmer of hope. Richard Windsor, director of the technology company at the Research Company, said that the presence of the master will be a sign that China’s leadership “has enough stagnation and can be ready to allow the private sector with more free hand.”

Regardless of MR MA and Mr Liang, the list of guests also included major numbers of companies such as wireless and wireless communications, Huawei and Electric-withicle (EV) byd and many others across the technical and industrial sectors.

“the [guest] “The list offered the importance of the internet/technology sectors/AI/EV due to its representation of innovation and achievement.”

“[It] It is possible that it will indicate the importance of technology … and the contribution of private institutions in the development and growth of the Chinese economy. “

Those present at the meeting seem to share this feeling. Li John, CEO of Xiaomi, CEO of Consumer Electronics, told government media that he senses the “care and support” of the companies for companies.

Is it due to sanctions?

The symposium occurred after the country witnessed what some observers described as “Sputnik’s moment”: The devastating artificial intelligence model for Deepseek arrived at the end of last month.

Soon after its release, the Chinese Chinese Ai Chatbot rose through rows to become one of the most downloaded in the world. It also sparked a surprise sale of the shares of the main American technology, as fears were installed on America’s leadership in this sector.

Returning to China, the global success of the application has sparked a wave of national pride that has spread quickly to the financial markets. The investment was flowing to Chinese stocks – especially those for technology companies – listed in Hong Kong and the main mainland of China.

Goldman Sachs, the banking giant for investment, promoted its view of Chinese stocks, saying that AI’s fast adoption can enhance corporate revenues and attract up to $ 200 billion in investment.

But the greatest importance to this innovation is that it came as a result of Dibsic’s Dibsik for innovation due to a ban on exporting advanced chips and technology to China.

grey placeholderXinhua's picture of Chinese President Xi Jinping with business leadersXinhua

Now, with Trump’s return to the White House and his commercial tariffs, Mr. Xi may have found that it is necessary to calibrate his approach to entrepreneurs in China.

Instead of returning to the era of irregular growth, some analysts believe that the two meeting indicates an attempt to direct investors and companies towards the national priorities of Mr. Shi.

The Chinese president is increasingly focused on the policies that the government indicated as “high -quality development” and “new fruitful forces”.

Such ideas have been used to reflect the alteration of what it was previously of the fast -growing engines, such as investing in property and infrastructure, towards high -end industries such as semiconductor, clean energy and AI.

The goal is to achieve “socialist modernization” by 2035 – higher living levels for all, the economy led by advanced manufacturing and less dependent on foreign technology imports.

Mr. Shi knows that he will need the entire private sector.

“Instead of determining the end of the technology sector scrutiny, [Jack Ma’s] “The re -appearance indicates that Beijing is moving from the oppression to the participation subject to control,” Marina Zhang told the BBC.

“While the private sector remains a decisive business of economic aspirations in China, it must be compatible with national priorities – including self -reliance in major technologies and strategic industries.”

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2025-02-21 00:42:00

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