A symposium to boost the development of the Chinese mainland's private sector was held in Beijing on Monday, featuring Chinese President Xi Jinping meeting with dozens of entrepreneurs from prominent private businesses.
Six business representatives, primarily from the tech sector, addressed the development of the private sector under the current conditions. The speakers included Huawei's Ren Zhengfei, BYD's Wang Chuanfu, New Hope's Liu Yonghao, Will Semiconductor's Yu Renrong, Unitree Robotics' Wang Xingxing, and Xiaomi's Lei Jun.
Additionally, CMG video footage showcased notable attendees such as Pony Ma of Tencent, Jack Ma of Alibaba, and Liang Wenfeng of DeepSeek.
Experts indicated that the symposium sends positive signals for the growth of private enterprises in China, highlighting their pivotal role in technological advancement.
Ren Zhengfei, founder and CEO of Huawei Technologies, governs a global leader in telecommunications, consumer electronics, and IT services, driving innovations in 5G technology, AI, cloud computing, and enterprise networking.
Wang Chuanfu, chairman and CEO of BYD, leads a global front-runner in electric vehicles and renewable energy solutions, contributing significantly to China's green energy transition through advancements in battery technology and EV infrastructure.
Yu Renrong, founder and chairman of Will Semiconductor, oversees a company specializing in integrated circuits and power semiconductor solutions, establishing itself as a key player in the global semiconductor industry.
Wang Xingxing, founder and CEO of Unitree Robotics, spearheads advancements in AI, big data, and Internet of Things (IoT) solutions, with applications in smart cities, security, and healthcare.
Lei Jun, founder and CEO of Xiaomi, manages a top smartphone manufacturer and leader in the IoT market, significantly impacting the smart home industry and holding a prominent position globally in the smartphone market.
Jack Ma, founder of Alibaba Group, leads one of the world's largest e-commerce and technology conglomerates, with significant contributions to cloud computing, AI, and China's digital economy.
Pony Ma, founder and CEO of Tencent, heads one of China's largest technology companies, dominating social media, gaming, and digital services with products like WeChat, Honor of Kings, and PUBG Mobile.
Liang Wenfeng, founder of DeepSeek, represents an innovative company specializing in AI-driven data analysis and search technologies, recently gaining recognition for its advanced large language model, DeepSeek-1.
Li Yong, chief researcher at the D&C think tank, emphasized that the symposium underscores the comprehensive development of private tech companies and their crucial role in China's technological progress, rejecting notions that the private economy should diminish in economic development.
The symposium aligns with the Central Committee of the Communist Party of China's resolution on advancing Chinese modernization, focusing on boosting strategic industries like next-generation information technology, AI, new energy, and biomedicine, ensuring funding increases and fostering sound development in emerging sectors.
Reference(s):
Who are the tech giants attending symposium with President Xi?
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