The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.

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.

Chinese tech giant Alibaba Group will invest more than 380 billion yuan (about $53 billion) in building cloud and hardware infrastructure for artificial intelligence, the Xinhua news agency reports. Chinese publication Penpai noted that these investments were a record volume of investments by Chinese private enterprises in the creation of cloud and hardware infrastructure for AI.

Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.

Diane Brady on Xi Jinping’s turn toward the tech sector. The big story: U.S. and Russia in talks on Ukraine. The markets: Treading water. Analyst notes from Goldman Sachs (on the U.S. economy), Apollo (on GDP),

Chinese tech giant Alibaba announced on Monday its plan to invest over $52.4 billion in artificial intelligence (AI) infrastructure and cloud computing over the next three years, according to Chinese state media.

Chinese leader Xi Jinping ‘s remarks at an event signaled that Beijing wants to repair business confidence after years of crackdowns.

China’s President Xi Jinping has met with the country’s top business leaders, state media reported, including Jack Ma, the founder of Alibaba who had kept a low public profile after angering Chinese officials a few years ago.

China's President Xi Jinping met top private sector entrepreneurs, including Alibaba's Jack Ma, signaling a policy change after strict regulations on

Chinese President Xi Jinping will host a meeting next week with some of the nation's top entrepreneurs - including six Hangzhou-based start-ups known as the "Six Little Dragons" - to recognise progress in critical areas of technological advancement and show support to the private sector,

President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.

Xi Jinping assured private sector business leaders on Monday that government policies toward the private sector would remain unchanged.