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.
本週，中國主席習近平與阿里巴巴(臨時代碼)聯合創始人馬雲的潛在會晤正在進行中，而中國的科技股票仍在強勁反彈。
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.
發生了什麼：彭博社報道稱，包括馬雲在內的知名企業家已被邀請與中國最高領導人會面，消息來源指出。這一對私營部門的潛在支持表態正值中國科技股在香港達到自2022年2月以來的最高水平。
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.
中國企業指數週五上漲4.1%，而阿里巴巴在香港上市的股票猛增6.3%，根據Benzinga Pro的數據，過去一個月的漲幅超過50%。
Alibaba is scheduled to report earnings on Thursday.
阿里巴巴定於週四發佈業績。
"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.
"如此高調的支持表明中國政府對科技板塊的明確支持，政府視其爲未來經濟增長的驅動力，" 彭博情報分析師羅伯特·利亞表示。
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.
爲何這很重要：習與馬的會面將標誌着一個重要轉折點，自2020年底北京停止螞蟻集團的IPO以來，此次IPO本將成爲全球最大的公開募股。該事件引發了對中國科技板塊的監管打擊。
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.
此次反彈部分得益於中國初創公司DeepSeek的人工智能模型，該模型作爲潛在競爭者進入市場，與美國的產品競爭。這一發展與習推進新的生產力和科技自給自足的倡議相一致，尤其是在美國對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，蘋果公司據報與阿里巴巴合作，計劃在2025年中期爲中國的iPhone引入人工智能功能。這一合作正值蘋果尋求在世界第二大市場（僅次於美國）中重新獲得市場份額。
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%.
價格動態：阿里巴巴(臨時代碼)在香港交易所的股票交易價爲129.10港元（$16.59），截至當地時間上午9:41，上漲了4.03%。截至今年以來，該股票已上漲58.79%。
