What does Jack Ma mean to public public inquiry?


João da silva

Business Reporter

The CCTV picture of Chinese President Xi Jinping shakes the Alibaba Founder Jack Ma.CCTV

A meeting between the Chinese president Xi Jinping and some of the leading leaders in the country business this week caused excitement and conjecture, after the Alibaba Founder Jack Mac in the event.

Charismatic and Mr Ma’s color, one of the most famous Chinese traders, taken from public life after being criticized by China’s financial sector in 2020.

His ospount on Monday activity stirs a wave of discussion, with experts and analysts wondering what is meant for him, the tech sector and the economy overall.

The answer is more positive – tech stocks, including those in Alibaba, rally shortly after the event.

On Thursday, the commerce giant is reported to financial results wins hopes, with parts that end in New York trading day higher than 8%. Company parts have 60% since the beginning of the year.

So what are the analysts reading Mr Ma’s appearance with the movement with other high-profile visitors – including Fortesek Founder Liang Wenang?

Is jack ma ‘restored?

The analysts began seeking signs about the importance of the meeting when when the Chinese media has begun to release the activity.

“Attending Jack Ma, his sitting in the front row, though he didn’t say, and his handshakes with Xi clear signs that he had rehabilized.

Social media abuzzz users praise Mr Ma for his return to the public content.

“Congratulations (Jack) MA for safe landing,” said a user at the Chinese social medical platform Wivo.

“The comeback of (jack) ma is a shot in the arm of the current Chinese economy,” as another.

It does not rise that observers accompany many meaning in a look by Mr Ma.

Before he was lost from the public life of 2020 – following comments on a financial conference that Chinese state banks have a poster boy for the tech industry in China.

Reuters Jack Ma, co-founder of Alibaba Group, in Vivatech Startups and Innovation Fair, in Paris in 2019. Rabause

Analysts say that Mr. Ma’s return can signal a change in policy to the technology sector

An English teacher without a computing background, Mr Ma Alibaba’s co-firm in his apartment Over two decades ago after convincing a group of friends invest in his online market time.

He continued to build one of China’s largest tech conglomerates and turned into one of the richest men in the country.

That before his “shop shop” comment, if he also lamented with “lack of innovation” in country banks.

It led to canceling his $ 34.5bn (£ 27.4bn) stock market in the group, his financial technology giant.

It was seen in time as a test by Beijing to lower a company that became very powerful, and a leader that has become unchanged.

The analysts agree that the fact that he returned to the room, in a symposium where XI jinping himself led, a very good sign for Mr Ma.

Some precautions, however, the fact that he did not have the speakers could show that he did not fully return to the noble situation he had ever enjoyed.

Also, the lack of coverage of his attendance received by Chinese media outlets seems to prove that he has not been rehabilized.

Does the cracking of tech technology?

Xi Jinping said the participants of the symposium that their companies should change, grow and remain confident despite China’s economic challenges, which he describes “localized” and “localized”.

He also said that this is the “precise time for private businesses and private merchants to showcase their talents”.

It is widely translated as the government tells private tech companies that they also returned to good graces.

Mr. Ma’s fall in a wider cracking tech tech in China’s tech.

Companies are faced with a more powerful enforcement of data security and competition rules, as well as state control of important digital properties.

Other companies in the entire sector, from education to land soil, also terminated in targeting the “common development” campaign.

Steps placed in the area common development policies have been seen in some way to open billionaire owners with some customers and workers on how to distribute companies and distributed their income.

But while implementing Beijing difficult new regulations, billions of dollars wiped the value of some companies – many of the tech firms.

This, with an aggravated economy of the world affected by Russian attack in Ukraine, contributed to many changes in Chinese economic status.

Growth slowly, jobs for country youth become smaller and, among a sector of the functional property, people are not enough to spend.

As rumors to attend Mr Ma at Monday’s meeting began to spread, so was a glimmer of hope. Richard Windsor, Director of research technology counter, said that Mr. Ma’s presence is a sign “can be prepared in the private sector”.

Excluding Mr. Mr Liang, the list of visitors also includes key numbers such as telecommunications and smartphone firm (EV) giant sectors.

“The list of (guest) demonstrates the importance of Internet / Tech / AI / EV sectors provided their representation of innovation and success,” as a letter from Citi.

“(It) is likely to indicate the importance of technology … and the contribution of private businesses to grow and economic growth in China.”

Those attendees at the meeting seem to share that feel. Lei Jun, the chief executive of Consumer Electronics Giant Exiaomi, speaks the state media that he feels “care and support of the President.

Is it because of US sentences?

The symposium occurred after the country was experienced by some “sputnik moment”: the dreatical infonigence r1 artificial model of dereseeek (AI) model at the end of the last month.

Shortly after its release, Chinese-made Chinese Ai Chatbot rose to become one of the most downloaded in the world. It also provides a sudden sale of major US stocks of US stocks, as fears charged with America’s leadership in the sector.

Back to China, the success of the world in the app is a wave of national pride that can easily spread in financial markets. Investment pours in Chinese stocks – especially with tech companies – listed in Hong Kong and Mainland China.

Public Hundred Goldman Sachs also upgrades the view of Chinese stocks, saying fast AI Adoption to extend $ 200bn of investment.

But the biggest meaning of this innovation is that it occurs as a result of dereseeek with a prohibition of exporting advanced chips and technology in China.

Xinhua picture of Chinese President XI Jinping meeting with business leadersXinhua

Now, with Trump back to the White House and his love of trade tariffs, Mr Xi may find his way to change his way to Chinese traders.

Instead of returning to a period of non-marginal growth, some analysts believe Monday’s meeting has signed a test of the priorities of investors and businesses in the National Priority of Mr XI.

The president of China increasingly highlights government-mentioned policies “high-quality development” and “new productive forces”.

Such ideas are used to indicate a switch from previous rapid growth drivers, such as property and infrastructure, in tight industries such as semiconductors, clean energy and ai.

The goal is to reach “socialist modernization” in 2035 – higher standard of living for all, and an economy motivated by the imports of foreign technologies.

Mr. Xi knows that to get there he needs the private sector perfectly.

“Instead of marking the end of the tech sector, (Jack Ma’s) again that Beijing caused crackdown crackdowns in crackdown,” Marina Zhang told BBC.

“While the private sector remains a critical pillar of Chinese economic ambitions, it is necessary to align national priorities – including self-esteem and strategic industries.”



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