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 meeting

with President Xi Jinping and that his company would re-commence

hiring.

"I think we have seen a very clear sign of businesses

entrepreneurs becoming more confident since January, since

President Xi met with private businesses," Tsai told HSBC'S

Global Investment Summit in Hong Kong.

"And that was a very, very clear signal to the business

community that, go ahead, reinvest in your business and also go

out and hire people."

"So I think we've reached the bottom, and we're going to

start to reboot and rehire so once you hire people, that gives

people job security," he added.