Alibaba Group & Xi Jinping

Alibaba Group: Alibaba Group is one of the approximately 10 Chinese firms approved by the United States — United States Department of Commerce to purchase Nvidia's H200 chips, but has not yet received any deliveries due to the ongoing trade deadlock.

Xi Jinping: Xi Jinping, President of China, is involved in the high-level discussions with Donald Trump regarding U.S.-China trade relations, which include the stalled Nvidia chip sales.

Alibaba Group: Alibaba Group was among the Chinese companies cleared to buy H200s, but no deliveries have been made due to China's sovereign decision.

Xi Jinping: Xi Jinping, as the President of China, met with U.S. President Donald Trump, where chip export controls were not a major topic, indicating China's sovereign decision-making on imports.

Alibaba Group: Alibaba Group reported an 18% drop in net profit for its fiscal year, primarily due to challenges in the domestic economy and significant investments in AI. Its core e-commerce business is affected by price wars and sluggish consumption.

Xi Jinping: President Xi Jinping met with Jack Ma and other business luminaries, which was seen as a positive sign for the Chinese tech sector.