Category: Industry

British officials are bracing for fierce Chinese government reaction and possible retaliation to Britain’s decision Tuesday to block Chinese tech giant Huawei from playing any role in the development of Britain’s next generation 5G phone network. Britain’s culture minister, Oliver Dowden, told the House of Commons of the decision to banish Huawei from the network, […]

Hour after hour in the dark, Chander Shekhar’s mind raced ahead to morning. More than three months had dragged by since the coronavirus forced Shekhar to shut down his business — a narrow, second-floor shop racked with vibrantly colored saris, on a block in New York’s Jackson Heights neighborhood once thronged with South Asian immigrant […]

The British government has banned China’s Huawei telecommunications equipment company from playing a limited role in Britain’s new high-speed mobile phone network. Britain’s Culture Secretary, Oliver Dowden, said the country’s telecommunications operators have until 2027 to remove Huawei’s equipment that is currently used in Britain’s 5G network. Britain’s decision could have wide-ranging implications for relations […]

Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday,  The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the coronavirus pandemic, boding poorly for Apple Inc and its local rivals like Huawei Technologies Co Ltd. Phone makers shipped […]

Britain will place a “huge priority” on national security when considering Chinese telecoms firm Huawei’s role in the country’s 5G network, justice minister Robert Buckland said on Monday,  “National security comes first … and I know that the NSC (National Security Council) and the whole of government will be placing a huge priority on our […]

Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on Friday showed. The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September […]