Chinese Prez Meets Business Leaders Amid Slowing Economy, US Tensions

Chinese President Xi Jinping held a rare meeting on Monday with some of the biggest names in China's technology sector, including Alibaba founder Jack Ma, in what sources previously billed as an effort to boost private-business sentiment.

- Reuters

BEIJING:

The meeting highlights a turnaround in Beijing's approach to its tech giants after a regulatory clampdown a few years ago, as well as more recent concerns about a slowdown in economic growth and efforts by the US to stunt its technological development.

Liang Wenfeng, founder of DeepSeek, a startup that is threatening to upset the technology world order with its AI models, also attended, two sources familiar with the meeting said.