Chinese President Xi Jinping convened a meeting with founders and CEOs from prominent Chinese companies to bolster sentiment within the private sector. Among the attendees were key figures and details:
Alibaba - Jack Ma Jack Ma's presence, as co-founder of Alibaba, signified a significant move after reducing public appearances following the 2020 halt of Ant Group's IPO. Alibaba, a leader in e-commerce, cloud computing, and AI, faced substantial fines for antitrust violations in 2021. The company has undergone restructuring and faces fierce competition, notably from Pinduoduo.
Huawei Huawei showcased resilience against U.S. sanctions by introducing a high-end smartphone with a domestic chip. The company, embroiled in security controversies, operates across telecoms and connected car software.
Xiaomi - Lei Jun Lei Jun, founder of Xiaomi, transitioned into car manufacturing, highlighting technological achievements like the 3nm smartphone chip. Xiaomi drew global attention with AI models and expanded collaboration with industry players.
BYD - Wang Chuanfu From mobile phone batteries to China's top electric vehicle manufacturer, BYD made a significant impact, selling over 420 million EVs and hybrids last year.
CATL - Robin Zeng CATL, a pivotal battery supplier for major automakers, aims to innovate its product line.
Tencent - Pony Ma Tencent, a prominent gaming company and operator of the Weixin app, faced fines amid regulatory scrutiny. The firm invests heavily in cloud computing and AI.
Unitree Unitree stands out as a leading maker of advanced humanoid robots with exceptional capabilities.
Meituan - Wang Xing Meituan, China's premier food delivery service, has diversified into travel, hospitality, pharmacy, and drone deliveries.
Will Semiconductor - Yu Renrong Will Semiconductor specializes in image sensors and power management ICs for consumer electronics.
Qi An Xin Technology - Qi Xiangdong A key player in cybersecurity solutions for critical infrastructure.
China Feihe - Leng Youbin A pillar in China's infant milk powder industry, known for quality and longevity.
New Hope Group Originally a switch producer, the New Hope Group expanded to encompass various sectors such as real estate, finance, and healthcare, in addition to its core meat, eggs, and milk supply business.