Xi Jinping and Jack’s meeting is the next “clear message” to support Beijing, the shares in Hong Kong rises before profits

A possible meeting between the Chinese president Xi Jinping and Alibaba Hold Ltd collection. Papar Pope Co -founder Jack Ma This week comes at a time when technology shares in China continue in its strong gathering.

What happenedPerioded entrepreneurs, including MA, have been invited to meet senior leaders in China, I mentioned Bloomberg, quoting sources. This possible offer to support the private sector comes as Chinese technology shares in Hong Kong reaches its highest levels since February 2022.

The China Enterprises index jumped by 4.1 % on Friday, while the shares listed in Alibaba in Hong Kong increased by 6.3 %, which contributed to winning more than 50 % last month, according to Data from Benzinga Pro.

Alibaba is scheduled to reach the profits on Thursday.

“Such prominent support sends a clear message of support from the government of China, which is the technology sector as a future engine for economic growth,” said intelligence analyst Bloomberg. Robert Lea.

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Why do it matterA meeting between Xi and MA has an important turning point since Beijing stopped AntPublic subscription in late 2020, which would be the largest general offer in the world. This event sparked an organizational campaign on the technology sector in China.

The assembly was partially fed by Chinese start starting DibsicThe artificial intelligence model, which entered the market as a potential competitor to American offers. This development is in line with the pushing of Xi to the new productive forces and technological self -sufficiency amid the United States’ restrictions on high -end chips.

Besides the arrows, Apple Inc. The partnership with Alibaba is said to bring the features of artificial intelligence to the iPhone in China by mid -2015. This cooperation comes at a time when Apple is seeking to restore its market share in what remains its second largest market after the United States

PriceAlibaba Group shares are traded in Exchange in Hong Kong at $ 129.10 Hong Kong ($ 16.59), an increase of 4.03 % as of 9:41 am local time. A year until now, the stock increased by 58.79 %.

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