Zaobao correspondent Yang Danxu notes that Lenovo’s aborted bid to get listed on Shanghai’s STAR Market is telling of it being held back by a lack of R&D and innovation. Is this emblematic of other companies in China’s manufacturing industry who went for low-hanging fruits in the early days instead of planning for long-term technological development?
Huawei CFO Meng Wanzhou returned to China over the weekend to much fanfare. The swift end to this incident after almost three years and the release of two Canadians who had been detained in China point to political machinations behind the scenes. Is this ending just a stalemate running its course or does it signify a restart of China-US and China-Canada relations?
Wang Jiangyu says Huawei CFO Meng Wanzhou has reason not to be optimistic about her court case regarding extradition to the US on charges of alleged bank fraud. While the Canadian court has raised some contradictions in the arguments of the US side, political factors may come into play.
In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. While Huawei has been fiercely climbing the ranks with the injection of talent and funding, Alibaba and Tencent are not resting on their laurels either. What could be their winning war chests? And are they ready to take on the world? Caixin journalist Zhang Erchi finds out.
In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. In particular, Huawei Cloud experienced a surge in year-on-year earnings of 168%, despite US sanctions. Huawei Cloud is also aiming to clinch the top spot in the sector, erstwhile occupied by Alibaba Cloud. Caixin journalist Zhang Erchi takes a deep dive into the issue to get a sense of who's really leading the fight. In part one of the story, he focuses on Huawei.
If being removed from app stores is not enough, ride-hailing giant Didi is making the headlines for another debacle. COO Jean Liu; her father, Lenovo founder Liu Chuanzhi; and her grandfather, the late patent lawyer Liu Gushu, are being vilified on Weibo for alleged misdeeds and being “traitors to the country”. Amid tense US-China relations and domestic nationalism in overdrive, will internet giants like Didi be easy targets and buckle under the pressure? Zaobao’s China Desk files this report based on various Chinese media sources.
Chen Lifang, corporate senior vice-president and board director, Huawei, delivered a speech at the St. Gallen Symposium themed ‘Truth Matters’. At the virtual session, she stressed that standards and regulations will be two of the most visible embodiments of the interaction between society and technology in a highly digitalised, post-pandemic world. Common regulations and standards will build trust; the more widely they are adopted, the more effective they will be. Is it possible for humankind to build trust across cyberspace and international borders, and work together to construct the future global economy?
Wang Chong observes that many Chinese are afflicted with a victim mentality and a chip on their shoulder. This colours their view of US-China relations and worsens the spiral of negativity. Rather than perpetuate self-fulfilling prophecies, maybe it is time that the Chinese look at their own weaknesses squarely and tackle them. At the end of the day, it is not about who wins, but who becomes their better self.
A recent survey of 1,064 Chinese adults done right before the US presidential elections shows that Chinese people are much more favourably disposed towards Singapore than other rich nations such as Australia, Japan and the US. What does China see in Singapore?