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Chinese President Xi Jinping held a rare meeting on February 17, 2025, with some of the biggest names in China's technology sector. It was the first such gathering since 2018 and followed Beijing’s regulatory clampdown on the tech industry a few years ago. While Xi assured the business leaders they could expect persistent support and wider market access, he urged them to contribute more to the country’s tech innovation amid an intensifying rivalry with the United States. Among the attendees were Huawei Technologies founder Ren Zhengfei, Xiaomi’s Lei Jun, BYD’s Wang Chuanfu, Unitree’s Wang Xingxing and Jack Ma, founder of Alibaba Group, which owns the South China Morning Post.
