EconomyLens.com
No Result
View All Result
Thursday, August 28, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Tech

Alibaba shares soar on reports of potential Xi meeting with Jack Ma

Natalie Fisher by Natalie Fisher
February 14, 2025
in Tech
Reading Time: 4 mins read
A A
0
109
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Alibaba's share price has soared on news co-founder Jack Ma will meet Chinese President Xi Jinping. ©AFP

Beijing (AFP) – Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut’s co-founder Jack Ma. Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it would supply AI technology to power Apple’s iPhones in China.

Related

AI giant Nvidia beats earnings expectations but shares fall

‘Resident Evil’ makers marvel at ‘miracle’ longevity

Musk’s xAI sues Apple, OpenAI alleging antitrust violations

TikTok’s UK content moderation jobs at risk in AI shift

Nvidia chief says H20 chip shipments to China not a security concern

Since coming to power more than a decade ago, Xi has consistently sought to bolster the role of state enterprises in the world’s second-largest economy and warned against the “disorderly” expansion of private business. He oversaw a sweeping crackdown on the tech sector that in 2020 brought the shock cancellation of Alibaba affiliate Ant Group’s blockbuster IPO — notably after Ma made a speech criticising Chinese regulators. Ma has kept a low public profile since then, but Bloomberg News reported Friday, citing people familiar with the matter, that Xi was preparing to meet him alongside other eminent entrepreneurs.

The talks could take place as soon as next week and reportedly may include Liang Wenfeng, the founder of DeepSeek, the insurgent tech firm whose AI chatbot has caused a global stir in recent weeks. China’s commerce ministry did not immediately respond to a faxed AFP request for comment. Xi’s prospective meeting with business luminaries would send a strong signal of support for the private sector at a time when China’s economy is groaning under a protracted property crisis, persistently low consumption, and high local government debt.

It would also hint at the rehabilitation of Ma, a former English teacher who founded Alibaba in 1999 and built it into one of China’s most recognisable and dominant private companies. But in the years since the scuttled Ant IPO, the magnate once known for his electrifying public persona has eschewed the limelight, ostensibly to focus on philanthropy and rural education. The stock rally adds to a promising week for Alibaba, whose chairman said Thursday that the company would supply artificial intelligence technology to power Apple’s iPhones in China. Joseph Tsai said at a summit in Dubai that regulatory issues meant Apple, which has lost its status as the smartphone market leader in China, “need to work with Chinese companies that develop AI.”

© 2024 AFP

Tags: alibabaartificial intelligenceChina
Share44Tweet27Share8Pin10Send
Previous Post

Japan to release emergency rice reserves to fight runaway inflation

Next Post

Stocks diverge, dollar dips tracking Trump tariffs

Natalie Fisher

Natalie Fisher

Related Posts

Tech

Meta makes huge cloud computing deal with Google: source

August 21, 2025
Tech

Google to provide Gemini AI tools to US government

August 21, 2025
Tech

Google unveils latest Pixel phones packed with AI

August 21, 2025
Tech

Google unveils latest Pixel phones packed with AI

August 21, 2025
Tech

UK drops demand for access to Apple user data

August 19, 2025
Tech

After repeated explosions, new test for Musk’s megarocket

August 18, 2025
Next Post

Stocks diverge, dollar dips tracking Trump tariffs

Bordeaux wine harvest drops to lowest level since 1991

Tunisian startup takes on e-waste challenge

US retail sales see biggest drop in nearly two years on harsh weather

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US stocks reach new peaks as investors digest US GDP

August 28, 2025

Brazil police target network that siphoned billions from fuel sector

August 28, 2025

Luxury carmaker Lotus to slash UK jobs amid US tariffs

August 28, 2025

Small parcels in limbo as Trump moves to end US tariff exemption

August 28, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.