Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with more confidence following President Xi Jinping's February meeting with business entrepreneurs.

Chairman Joe Tsai said the company would restart hiring, while separately, expressing concerns about a potential AI bubble in the U.S. Tsai was speaking at HSBC's Global Investment Summit in Hong Kong.

Alibaba is set to resume hiring following a policy thaw and renewed confidence in China’s private sector, signaling a recovery in the tech industry. But Chairman Joe Tsai also warns of a brewing AI investment bubble in the U.