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Beijing is finally ending more than two years of sweeping clampdowns on the tech sector
$Alibaba (BABA.US)$ $BABA-W (09988.HK)$ Chinese local governments roll out the red carpet for Big Tech firms as Beijing shifts stance | South China Morning Post In his speech, Liu thanked Alibaba for its contribution to the city and praised the firm’s “courage to face the problems during the rectification campaign of the platform economy”.
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Btan : Wow, getting more prominent. No more shackles. ‘ Beary’ good news
102319027 : "In Beijing, the city’s Communist Party chief Yin Li promised support for the consumer tech industry in a meeting on Thursday with executives from e-commerce juggernaut JD.com, short-video king Kuaishou Technology and Chinese smartphone giant Xiaomi."
baba got a thank you. the above 3 have commitments from the government. invest wisely.
MrM OP 102319027 : I guess you missed out this “It followed another meeting a few days earlier between Beijing mayor Yin Yong, outgoing Alibaba chairman and CEO Daniel Zhang Yong and Xiaomi founder and CEO Lei Jun, where the business leaders were assured that the “private economy plays an important role in boosting the high-quality development of the capital city”.
MrM OP 102319027 : Li Qiang praising Alibaba Alibaba, Tencent and Meituan praised by Beijing for helping China’s tech progress in new sign of attitude change | South China Morning Post
MrM OP 102319027 : Chinese ministry holds meeting with Xiaomi, iFlytek and Alibaba Cloud
MrM OP 102319027 : alibaba hangzhou agreement: China's Hangzhou city, Alibaba sign strategic agreement - The Economic Times and many more. You can do a search to find out more. Many in Chinese articles too ;)
Btan : Get ready for a full take off next week!
MrM OP Btan : Might have a big stimulus announcement tomorrow. Hopefully that is true. :)
102319027 MrM OP : thanks for the articles. all these are priced in already. I was referring to your latest article dated 30Jul23.
however imperfect the flow of information is, a week old is old news. correct me if I'm wrong on this. given that you tagged baba with reference to the 30Jul23 news, I'm pointing out that the focus of the article is on the 3 other companies. baba is just a kid who got let off the hook after years of getting slammed by the ccp. overvaluing and exaggerating a compliment seem to be an overkill here.
MrM OP 102319027 : No worries
btw big news tomorrow at 3pm. Not sure if it will include vouchers for usage in e-commerce platforms.