HONG KONG, March 25 (Reuters) - Alibaba Group ( BABA )

Chairman Joe Tsai said on Tuesday there were clear signs China's

business entrepreneurs were more confident following a tech

summit led by President Xi Jinping.

Tsai told HSBC'S Global Investment Summit in Hong Kong that

sentiment was now higher in China's private business sector.

He said Alibaba ( BABA ) planned to begin re-hiring after reaching

the bottom of the business cycle.