China's President Xi Jinping spoke on Monday at a symposium on private enterprises attended by tech entrepreneurs including Alibaba co-founder Jack Ma, state media said, but gave no specific details.

President Xi Jinping met some of China’s most prominent tycoons, sending what analysts say is the strongest signal of support in years to companies like web giants Alibaba and Tencent.

Chinese President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other prominent entrepreneurs on Monday, signaling Beijing’s endorsement for a long-marginalized private sector now considered key to reviving the world’s No.