BUZZ-Alibaba jumps on report Xi to chair symposium attended by Chinese business leaders

Reuters
02-14
BUZZ-Alibaba jumps on report Xi to chair symposium attended by Chinese business leaders

** Hong Kong shares of Alibaba 9988.HK jump 5.6% to HK$123.2, on course for third consecutive session of gains

** Chinese President Xi Jinping plans to chair a symposium to boost private sector sentiment next week that will be attended by the country's business leaders including Alibaba co-founder Jack Ma, three people with knowledge of the meeting said

** Pony Ma, the CEO of tech giant Tencent 0700.HK, is slated to be there, two sources said. Lei Jun, the chief executive of Xiaomi 1810.HK as well as Wang Xingxing, the founder of robotics company Yushu Technology, are likely to attend

** Shares of Tencent jump 5.9% and Xiaomi surges 6%

** Hang Seng Tech Index .HSTECH surges 4%, Hang Seng Index .HSI rises 2.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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