Xi Jinping Meets Business Leaders, Alibaba Shares Surge in Tech Rally

Hong Kong, Tuesday - A tech-led rally in Asian markets followed a meeting between President Xi Jinping and top Chinese business figures, fueling hopes of easing private sector regulations. The Hang Seng Index saw gains, boosted by DeepSeek's new chatbot and optimism in China's AI development. Xi's meeting included Jack Ma (Alibaba), Ren Zhengfei (Huawei), and Wang Chuanfu (BYD). Alibaba shares rose over four percent Tuesday, marking a 50 percent increase this year. Other tech firms like Tencent also experienced gains.