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Pony Ma Huateng, the founder and CEO of Chinese tech giant Tencent Holdings, published a rare commentary in an official newspaper on Thursday, praising Beijing's recent economic policies for supporting the private sector.
The stimulus policies that Beijing started implementing in late September have shown private enterprises the central government's "strong determination" to sustain its push for economic recovery by focusing on the business pain points and responding comprehensively to market demands, Ma wrote in a piece published in People's Daily, the mouthpiece of the ruling Communist Party.
The package of regulatory and legislative measures "has truly formed policy synergy, allowing enterprises to concentrate more on doing their main business well and developing with reassurance", wrote Ma, who has largely kept a low profile in recent years.
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Ma offered his remarks alongside those of other Chinese business leaders - including Liu Yonghao, chairman of agribusiness company New Hope Group, and Zhang Xinghai, chairman of carmaker Seres Group - commenting on how the private sector can further drive the country's economic development.
Beijing has implemented a series of stimulus packages since September that have lifted the market and raised growth projections, while sparking anticipation of further measures to inject vitality into the world's second-largest economy.
The readout of a Politburo meeting chaired by President Xi Jinping on Monday has fanned speculation that next year Beijing is likely to deliver more interest-rate cuts, increase the government's borrowing limit and take more steps to stabilise the beleaguered property market.
In his commentary, Ma said that the internet industry has followed Beijing's call to expand digital consumption in recent years, playing an important role in revitalising the economy.
He committed to "boost investment" in government-endorsed sectors and ensure that technological innovation is closely aligned with industrial advancement.
Ma added that the internet industry will continue to sustain a healthy development after improving regulatory compliance and making contributions to society.
China's tech giants came under close government scrutiny in late 2020, when Beijing initiated a series of crackdowns on the basis of ending monopolistic behaviour, unfair competition and abuse of data, with Tencent among the targets. After trillions of dollars in market value were wiped out, Beijing eased up in 2022, when the government vowed to showcase the tech sector's role in boosting the economy, job creation and international competition.