Xi Jinping And Jack Ma's Upcoming Meeting 'A Clear Message' Of Beijing's Support, Stock Soars In Hong Kong Ahead Of Earnings
Xi Jinping And Jack Ma's Upcoming Meeting 'A Clear Message' Of Beijing's Support, Stock Soars In Hong Kong Ahead Of Earnings
Alibaba is scheduled to report earnings on Thursday.A potential meeting between Chinese President Xi Jinping and Alibaba Group Holding Ltd. (OTC:BABAF) (NYSE:BABA) co-founder Jack Ma this week comes as China's technology stocks continue their strong rally.
本周，中国主席习近平与阿里巴巴(临时代码)联合创始人马云的潜在会晤正在进行中，而中国的科技股票仍在强劲反弹。
What Happened: Prominent entrepreneurs including Ma have been invited to meet with China's top leaders, reported Bloomberg, citing sources. This potential show of support for the private sector comes as Chinese tech shares in Hong Kong reach their highest levels since February 2022.
发生了什么：彭博社报道称，包括马云在内的知名企业家已被邀请与中国最高领导人会面，消息来源指出。这一对私营部门的潜在支持表态正值中国科技股在香港达到自2022年2月以来的最高水平。
The China Enterprises Index jumped 4.1% on Friday, while Alibaba's Hong Kong-listed shares surged 6.3%, contributing to over 50% gain in the past month, according to data from Benzinga Pro.
中国企业指数周五上涨4.1%，而阿里巴巴在香港上市的股票猛增6.3%，根据Benzinga Pro的数据，过去一个月的涨幅超过50%。
Alibaba is scheduled to report earnings on Thursday.
阿里巴巴定于周四发布财报。
"Such a high-profile endorsement sends a clear message of support from China's government, which views the tech sector as a future driver of economic growth," said Bloomberg Intelligence analyst Robert Lea.
"如此高调的支持表明中国政府对科技板块的明确支持，政府视其为未来经济增长的驱动力，" 彭博情报分析师罗伯特·利亚表示。
Why It Matters: A meeting between Xi and Ma would mark a significant turning point since Beijing halted Ant Group's IPO in late 2020, which would have been the world's largest public offering. That event triggered a regulatory crackdown on China's technology sector.
为何这很重要：习与马的会面将标志着一个重要转折点，自2020年底北京停止蚂蚁集团的IPO以来，此次IPO本将成为全球最大的公开募股。该事件引发了对中国科技板块的监管打击。
The rally has been partly fueled by Chinese startup DeepSeek's AI model, which entered the market as a potential competitor to U.S. offerings. This development aligns with Xi's push for new productive forces and technological self-sufficiency amid U.S. restrictions on high-end chips.
此次反弹部分得益于中国初创公司DeepSeek的人工智能模型，该模型作为潜在竞争者进入市场，与美国的产品竞争。这一发展与习推进新的生产力和科技自给自足的倡议相一致，尤其是在美国对高端芯片的限制背景下。
Alongside the stock rally, Apple Inc. is reportedly partnering with Alibaba to bring AI features to iPhones in China by mid-2025. This collaboration comes as Apple seeks to regain market share in what remains its second-largest market after the U.S.
除此之外，苹果公司据报与阿里巴巴合作，计划在2025年中期为中国的iPhone引入人工智能功能。这一合作正值苹果寻求在世界第二大市场（仅次于美国）中重新获得市场份额。
Price Action: Alibaba Group's shares on the Hong Kong exchange are trading at 129.10 Hong Kong dollars ($16.59), up 4.03% as of 9:41 AM local time. Year to date, the stock has risen by 58.79%.
价格动态：阿里巴巴(临时代码)在香港交易所的股票交易价为129.10港元（$16.59），截至当地时间上午9:41，上涨了4.03%。截至今年以来，该股票已上涨58.79%。
