AsianFin -- Alibaba Group Chairman Joe Tsai announced on Tuesday that the company will restart hiring, citing growing confidence among Chinese entrepreneurs following a meeting with President Xi Jinping.
Speaking at HSBC’s Global Investment Summit in Hong Kong, Tsai highlighted a shift in sentiment since January, when Xi met with private business leaders. “We have seen a very clear sign of entrepreneurs becoming more confident,” he said.
Tsai described the meeting as a strong signal for businesses to reinvest and expand their workforce. “I think we’ve reached the bottom, and we’re going to start to reboot and rehire. Once you hire people, it provides job security and drives further growth,” he added.
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