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China President Xi Meets With Top Tech Leaders

  • Baidu's shares dropped 7% after none of its executives were seen attending a meeting with Chinese President Xi Jinping and other key business leaders.
  • Alibaba founder Jack Ma, Huawei founder Ren Zhengfei, and other prominent tech leaders were present at the meeting.
  • The absence of Baidu CEO Robin Li raised speculation about the company's market position.
  • The meeting highlights the ongoing regulatory crackdown on the tech sector in China.

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