Jack has the creator of Aliexpress showed publicly at a meeting with the President of China XI Jinping

Jack has a Chinese businessman and philanthropist, founder and long -time president of Alibaba Group. He became famous thanks to his achievements, as well as the charisma that accompanied him. For many years he was seen as one of the key characters in Chinese business and his informal ambassador in the world. However, a few years ago he disappeared from public life.

“Financial Times” reported that this could have been related to the speech at the annual forum of financial markets of the folk bank Chinain which he has criticized Chinese regulatory organs and banks. Since then, he appeared publicly sporadically, and each such event recorded world media. It is no different this time.

Read more: He was told to remain silent, he lost half the empire. The creator of Alibaby is needed again >>>

On Monday, a meeting of China President XI Jinping took place with some leading business leaders in the country. It caused emotions and speculation after the founder of Alibaby, Jacek Ma was photographed at this event.

His public appearance, and at this type of event, caused a wave of discussion, and experts and analysts wondered what it means for him, the Chinese technology sector and the economy in general.

The reaction was predominantly positive – the actions of technology companies, including Alibaba, increased shortly after this event.

On Thursday, the e-commerce giant gave financial results better than expectations, and the shares ended the day of ratings in New York over 8 percent. higher. From the beginning of the year, the company's shares have increased by 60 percent.

The appearance at the president's event caused not only a reaction to the stock exchange. Analysts thought about its meaning.

– Jacek's presence has, his place in the first place, despite the fact that he did not speak, and the handshake XI are clear signs that he was rehabilitated – wrote China analyst Bill Bishop.

As the BBC reports in Chinese social media, it boiled from users who praised the Lord for his return to light.

“Congratulations (Jack) has a safe landing” – wrote one of the users of the Chinese social platform Weibo. “Return (Jacek) has a new energy injection for the current Chinese economy,” another said.

No wonder that observers attached such a lot of importance to the Lord's speech. Before disappearing from public life in 2020 – after the comments at a financial conference that Chinese state banks have “Lombard mentality” – he was the face of the Chinese technology industry.

He has an English teacher without experience in computer science, he was a co -founder of Alibaba in his apartment over two decades ago after convincing a group of friends to invest in his online platform. Then he built one of the largest Chinese technological conglomerates and became one of the richest people in the country.

However, his commentary about “Lombard”, during which he also regretted “lack of innovation” at national banks, caused that the debut on the stock exchange of another Ant Group, a giant in the field of financial technologies, worth $ 34.5 billion. It was then seen as a bench attempt to humiliate a company that became too powerful, and a leader who became too honest.

Analysts agree that the fact that he has again found himself in the spotlight during the symposium he was presided over by himself XI Jinpinghe is a very good sign for him. However, as BBC notes, however, some caution should be exercised. Because the fact that he was not among the speakers may indicate that he did not fully return to the high status he once enjoyed. In addition, the lack of reports about his presence in the Chinese media seems to confirm that he has not been completely rehabilitated.

Xi Jinping told the participants of the symposium that their companies must introduce innovations, develop and confidence despite the economic challenges facing China, which he described as “temporary” and “local”.

He also said that it was “the right time so that private enterprises and private entrepreneurs could fully present their talents.” This was widely interpreted as information that the government tells private technology companies that they also returned to favor.

As BBC reminds, the “fall” is preceded by a wider repression against the Chinese technology industry.

In addition to Ma and Lianga Wenfeng, the founder of Deepseek, the guest list also included key personalities from companies such as Huawei, a gigant of Electric Vehicles and many others from the technology and industrial sectors.