Joe Tsai, Alibaba’s co-founder and chairman.
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Chinese President Xi Jinping’s meeting with entrepreneurs last month gave businesses confidence to make investments, Chairman of Alibaba Group Joe Tsai said at CNBC’s CONVERGE LIVE in Singapore on Wednesday.
“People underestimate the importance of that meeting,” he said. “What that meeting did to the entire entrepreneur sector, or … the private business sector, is it gave private business people confidence to make investments in their business.”
Xi held a closed-door symposium with prominent entrepreneurs last month in a rare show of support for the sector.
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