[HONG KONG] Alibaba Group Chairman Joe Tsai said on Tuesday there were clear signs China’s business entrepreneurs were more confident following a meeting with President Xi Jinping and that his company would re-commence hiring.
“I think we have seen a very clear sign of businesses entrepreneurs becoming more confident since January, since President Xi met with private businesses,” Tsai told HSBC’S Global Investment Summit in Hong Kong.
“And that was a very, very clear signal to the business community that, go ahead, reinvest in your business and also go out and hire people.”
“So I think we’ve reached the bottom, and we’re going to start to reboot and rehire so once you hire people, that gives people job security,” he added. REUTERS
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