Chinese leader Xi Jinping hosted Alibaba co-founder Jack Ma and the country’s top tech executives in Beijing on Monday, in a meeting that signals officials could be steering the country in a more business-friendly direction after a yearslong regulatory crackdown.

Huawei's Ren Zhengfei, BYD's Wang Chuanfu, and Xiaomi's Lei Jun were among the leading tech executives that met Xi Jinping on Monday.

Chinese leader, Xi Jinping, met on Monday with executives from the country’s major tech companies amid domestic economic headaches and international trade conflicts, state media reported on Monday. Present at the meeting were Alibaba co-founder Jack Ma,