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AsianFin – A high-profile symposium on private enterprises on Monday have drawn attention on the full list of attendees, which led to a share price plunge in China’s search giant Baidu.

Chinese President Xi Jinping attended the symposium and delivered a speech after hearing comments from prominent entrepreneurs. Six businessmen, namely Ren Zhengfei, the founder and CEO of Huawei Technologies, Wang Chuanfu, the founder of the world's leading electric vehicle maker BYD; Liu Yonghao, a representative from the agriculture sector; Wang Xingxing, the founder and CEO of Unitree Robotics; Yu Renrong, an entrepreneur from the chipmaking industry and Lei Jun, the founder and CEO of electric vehicle and smartphone maker Xiaomi, gave remarks on the current state of their company and industry. 

Entrepreneurs from the real economy were seated in the center of the conference room, including Ren Zhengfei, the founder of China’s telecom giant Huawei Technologies; Liu Yonghao, a tycoon in agriculture; Wang Xingxing, the founder and CEO of Unitree Robotics; Liang Wenfeng, the founder and CEO of artificial intelligence startup DeepSeek.

The price of Baidu’s stock in Hong Kong tumbled by over 7% at one point on Monday morning given that Baidu’s CEO Robin Li was absent from the symposium. The stock market reacted to the news of the symposium with mixed movements: stock prices of Tencent and iFlytek went up by 4.17% and 0.94%, respectively, while BYD, Alibaba, Meituan and CATL down by 3.57%, 1.69%, 0.94% and 0.38%, respectively, as of press time.  

Ma, who has been teaching in a university in Japan and had disappeared from public view for years, made a rare appearance in the symposium

No female entrepreneur were invited to the symposium, according to knowledge of AsianFin.