• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on February 17, 2025

    Featured image for article about Finance

    BEIJING (Reuters) - Chinese President Xi Jinping addressed more than a dozen founders and chief executives from some of China's largest companies on Monday, in a bid to boost private sector sentiment.

    Here are details of some of the firms, and their heads, in attendance:

    ALIBABA - JACK MA

    The appearance of Ma, co-founder of Alibaba and one of China's best-known entrepreneurs is seen to be highly symbolic as he largely withdrew from public life after authorities halted the IPO of his fintech company Ant in 2020. Ma gave up control of Ant in 2023.

    Alibaba, China's largest e-commerce firm with businesses in cloud computing and AI, was one of Beijing's biggest targets in its private sector crackdown, being fined a record $2.75 billion for anti-monopoly violations in 2021.

    Alibaba has since undergone a major corporate restructuring and leadership changes and faces intense competition from rivals such as Pinduoduo.

    HUAWEI - REN ZHENGFEI

    Huawei became a poster child of China's efforts to beat back U.S. pressure after it defied rounds of Washington's sanctions to release a high-end smartphone powered by a domestically-made chip in 2023.

    Washington accuses it of posing a national security risk, which Huawei denies. The company's businesses also span areas from telecoms to connected car software.

    XIAOMI - LEI JUN

    The world's third-largest smartphone maker, moved into car making last year, with the launch of its SU7 electric sports car.

    Founder Lei Jun has been front and center of the shift, with regularly regular livestreams to promote its cars on social media platforms. Xiaomi achieved a technological breakthrough by developing China’s first 3nm smartphone chip, a government official said in October.

    DEEPSEEK - LIANG WENFENG

    The Chinese AI startup attracted global attention and triggered a market crash in January after launching AI models it says are on par with, or better than, industry-leading models in the United States at a fraction of the cost.

    Founded by Liang, its products have been widely embraced not only globally but by Chinese industry, including tech giants such as Tencent and Baidu, though several overseas governments abroad are checking its security risks.

    BYD - WANG CHUANFU

    Originally set up as a maker of mobile phone batteries, BYD has grown to become China's top electric vehicle maker, selling more than 420 million EVs and plug-in hybrids last year.

    CATL - ROBIN ZENG

    CATL, the world's largest battery maker, supplies firms such as Mercedes-Benz, BMW and Volkswagen. It is now trying to reinvent itself as a green-energy provider.

    TENCENT - PONY MA

    Tencent is China's leading gaming giant which also runs Weixin, an all-in-one super app with more than a billion users. Also a significant player in cloud computing, it is investing heavily in AI.

    Tencent was fined nearly 3 billion yuan by Beijing in 2023 amid the private sector crackdown, but a recent easing of gaming regulations, has sent its performance into a rebound.

    UNITREE - WANG XINGXING

    One of China's leading makes of humanoid robots, Unitree has captured attention for its products' impressive capabilities, such as walking, climbing, and carrying loads.

    MEITUAN - WANG XING

    China's largest food delivery firm with a market cap of about $124 billion, Meituan has expanded its offerings in recent years to include travel and hotel booking, pharmacy and supermarket services and even drone deliveries.

    WILL SEMICONDUCTOR - YU RENRONG

    Founded in 2007, Will Semiconductor, is a fabless company focusing on image sensors and power management ICs widely used in consumer electronics.

    QI AN XIN TECHNOLOGY - QI XIANGDONG

    Founded in 2014, the prominent supplier in the cybersecurity industry provides solutions to beef up digital security on critical infrastructure.

    CHINT GROUP - NAN CUNHUI

    Since starting as a switch producer in 1984, the group has expanded to include the entire industry chain of electricity, from storage to transmission and distribution, including building new energy photovoltaic power plants.

    CHINA FEIHE - LENG YOUBIN

    One of China's oldest milk powder companies, China Feihe is also its largest producer of infant milk powder.

    NEW HOPE GROUP - LI YONGHAO

    China's largest feed maker with the largest poultry meat processing capacity, New Hope Group was founded in 1982 and operates in sectors such as real estate, finance, and healthcare, besides its core business supplying meat, eggs, and milk.

    (Reporting by Che Pan, Liam Mo, Casey Hall, Sophie Yu and Brenda Goh; Editing by Clarence Fernandez)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe