The once-sidelined Alibaba founder was among the executives who met with Xi Jinping, in what was seen as a show of support for private enterprise by Beijing.

The rally in Hong Kong this year has returned US$245 billion to Hong Kong’s market capitalisation as tech leaders soared.

The uncertain reaction to Xi Jinping’s display of warmth made sense: Executives are eager for a reset after years in the cold but ever wary of meddling.

A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after a blistering run by tech shares, could be the next catalyst to extend the rally in China’s stocks.

The stock of tech giant Alibaba — whose shares had been beaten down since Beijing's yearslong Big Tech regulatory crackdown — has soared 38% this year so far in Hong Kong. The stock's dual listing on the New York Stock Exchange is up 33%.

China and Hong Kong tech stocks surged after President Xi Jinping's meeting with industry leaders, including Alibaba's Jack Ma, suggesting a policy shift following years of regulatory crackdowns. The Hang Seng Tech Index and key stocks like Alibaba,

It appears that Alibaba founder Jack Ma was golfing at Singapore's Laguna National Golf Resort Club recently. A video shared to Xiaohongshu on Feb. 10 claimed an online user had seen Ma "looking relaxed" while playing golf in Singapore recently.

Alibaba shares soared in Hong Kong on Friday, climbing as much as 11% after the Chinese tech giant reported robust quarterly earnings.

Hong Kong resumed its tech-led rally on a healthy day for Asian markets Tuesday as a meeting between President Xi Jinping and China's top business leaders fanned hopes that a years-long crackdown on the private sector is coming to an end.

Hong Kong-listed Chinese tech stocks rallied Tuesday after President Xi Jinping met with private sector leaders, including Alibabas Jack Ma, Tencents Pony Ma, and Huaweis Ren Zhengfei, at Beijings Great Hall of the

Asian equities ended the week mixed, led higher by Hong Kong, especially Hong Kong-listed growth stocks, while Taiwan underperformed.

(Bloomberg) -- A potential encounter this week between President Xi Jinping and e-commerce icon Jack Ma, coming after ... the recent surge in equities in Hong Kong, driven by growing capabilities ...