Chinese President Xi Jinping meeting Alibaba founder Jack Ma in a Beijing meeting on Feb 17.PHOTO: SCREENGRAB FROM CCTV
Posted on 02/17/2025 9:04:51 PM PST by SeekAndFind
Chinese President Xi Jinping meeting Alibaba founder Jack Ma in a Beijing meeting on Feb 17.PHOTO: SCREENGRAB FROM CCTV
BEIJING - As Chinese head honchos gathered for a meeting at the Great Hall of the People stood up to applaud the arrival of Chinese President Xi Jinping, a man clad in a black Mao suit looked especially cheerful.
Mr Jack Ma, the co-founder of Alibaba, had every reason to smile.
His very appearance at this rare meeting on Feb 17 between Chinese leaders and the heads of China’s biggest technology firms signals a rehabilitation of sorts for him, and Beijing’s desire to inject confidence into the private sector.
On the nightly news programme Xinwen Lianbo, Mr Ma was briefly shown shaking Mr Xi’s hand, although the former was not cited in state media reports as among those who spoke at the meeting.
The powwow had a star-studded line-up of tech executives such as those from Huawei, BYD, Tencent and artificial intelligence (AI) darling DeepSeek.
Mr Ma is regarded as the face of China’s private sector, but had earlier fallen into Beijing’s bad books.
In 2020, he had notoriously fallen out of the authorities’ favour when an imminent US$37 billion (S$49.6 billion) initial public offering from Ant Group, the fintech firm he founded, was halted. Since then, he has kept a low public profile.
But Mr Ma, who stepped down as Alibaba chairman in 2019 but is still regarded as its spiritual leader, has resurfaced in public recently.
On Feb 13, he took photos with staff at an Alibaba-owned supermarket in Changsha in Hunan province, days after he visited the Hangzhou offices of Xianyu, an online platform for second-hand goods.
The return of Mr Ma comes as Mr Xi needs private entrepreneurs to boost slowing economic growth...
(Excerpt) Read more at straitstimes.com ...
I wonder how much his life cost him?
Interesting. I had a bid in for his liver but it looks like no deal.
He must be properly reeducated.
He got his mind right.
Made it, Ma! Top of the world!
And where is the other conterferor who owns temu?
Counterfeitor?
Weird.
Commies are always in power struggles.
Ma is a quisling commie.
After what they did to him he’s still going to scrape and bow and be a loyal commie.
It’s sick.
The return of Mr Ma comes as Mr Xi needs private
entrepreneurs to boost slowing economic growth...
In 2020, Ma had notoriously fallen out of favor when an imminent US$37 billion ipo from Ant Group, the fintech firm he founded, was halted. Since then, he has kept a low public profile.
Ma stepped down as Alibaba chairman in 2019 but is still regarded as its spiritual leader. On Feb 13, he took photos with staff at an Alibaba-owned supermarket, days after he visited the Hangzhou offices of Xianyu, an online platform for second-hand goods.
“..... and Beijing’s desire to inject confidence into the private sector. .......”
This is a clear signal that the CCP understands that their economy if on the ropes and they need to pull all stops to prop it up.
You can bet that when Russia, China, and the USA meet in Saudi Arabia that Trump will be armed with facts, figures and statistics on how bad both the Russian economy is and how bad the Chinese economy is. Yes, we have a debt and budget problem, but nothing like most of the rest of the world economies.
I expect that Trump will make deals on Ukraine, Gaza, AND Taiwan, in exchange for getting Russia back in the G7 and reductions in sanctions on Russia and “back door deals” with China on espionage and trade imbalances.
Don’t you just love the Chinese commie human rehabilitation program? Resistance is futile.
How do we know its really him
Jack has got his mind right now.
Shake hand or go back to prison - not mush of a choice.
Forward, Comrade!
“I’m shakin’ it, Boss...I’m shakin’ it!”
LOL!
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