Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.
Huawei’s digital talent programme in Indonesia is contributing to China’s soft power as the latter seeks to engage Indonesia as an important node of its Belt and Road Initiative. Indonesia stands to gain from the exchange but also needs to be wary of possible cybersecurity concerns.
Unlike the Soviet Union, China has an arsenal of economic tools at its disposal in wooing US allies. This is plainly seen in the UAE-China relationship, in which bilateral trade in 2021 was more than double that of UAE-US trade for the same period. Security and defence ties are also strengthening. As dictated by the laws of the free market, the one who offers the best deal wins. As such, the US will have to do better than just rely on coercive tactics.
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 livestreaming, 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.