Overview

• Chinese President Xi Jinping will chair a high-level symposium on Monday with leading entrepreneurs, including Alibaba's Jack Ma and Tencent's Pony Ma.
• The meeting aims to recognize technological advancements, support private sector growth, and encourage business expansion domestically and internationally.
• Attendees include representatives from major tech firms like Huawei, Xiaomi, and Yushu Technology, alongside Hangzhou-based startups known as the 'Six Little Dragons.'
• The event takes place as China navigates economic headwinds, a trade war with the U.S., and a competitive global technology race.
• DeepSeek, one of the highlighted companies, recently developed a cost-efficient large language model, challenging U.S. dominance in AI innovation.