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China's Xi Just Met With Tech Leaders. -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2512945495","media":"Dow Jones","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2512945495?lang=en_us&edition=fundamental","pubTime":"2025-02-17 18:45","pubTimestamp":1739789100,"startTime":"0","endTime":"0","summary":"Chinese tech stocks have been red hot lately and now they appear to have the support of President Xi Jinping.Xi met with tech leaders Monday in a rare symposium on private businesses. The meeting suggests Beijing's regulatory crackdown on the sector is a thing of the past -- the attendance of Alibaba's Jack Ma highlights that in particular.Ma largely disappeared from public view after he criticized China's regulatory crackdown in a speech in 2020. Beijing responded by halting the initial public offering of Ant Group -- Alibaba's financial services company.But Ma was seen applauding in the front row in video footage shown on state television, cementing his return from the wilderness.In a classic \"buy the rumor, sell the news\" play, Alibaba stock slipped 1.5% Monday -- the shares jumped more than 6% Friday as reports emerged that Ma would be among those meeting Xi.But the guest list was also significant for who it didn't include. 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