Huawei claims to receive same treatment as other private firms in China
Category: #headlines  By Mateen Dalal  Date: 2019-12-27
  • share
  • Twitter
  • Facebook
  • LinkedIn

Huawei claims to receive same treatment as other private firms in China

 

  • Following a report by one of the official sources, the tech giant has reportedly cleared all commotions making it clear about its relationship with the Chinese government.
  • Calls the relationship as “no different from any other private company operating in the state of China.

Amid the heat spread across the Chinese firms regarding the tech giant, Huawei receiving over USD 75 billion in state support, the company has finally stepped up to deny having any special treatment by the Chinese government.

Apparently, the company recently quoted that its relationship with the Chinese government is no different than the other forms operating in China, post a report estimated that it had received a huge amount for global rise in the 5G network by the government.

As per the Journal, the Chinese government had supported the Shenzhen based Huawei to develop from a little known phone switches vendor to one of the most prominent global telecommunications equipment suppliers. The government had allegedly offered generous financing terms to the company whilst cutting down the rival companies’ prices by over 30 per cent, as is claimed by the report.

Speculations have it that the report has rolled out statement claiming that China’s assistance for Huawei is among the factors fueling the questions about the company’s relationship with Beijing.

Raising the denials, the VP of company’s corporate communications department, Karl Song reportedly quoted that just like other tech firms of China, Huawei receives some policy support from the Chinese government. Other than this, the company has never received an additional treatment or funds to support their growth goals.

The tech giant, since past years, has been deeply involved in the US-China trade wars and has supposedly been accused of being a medium for Chinese intelligence by Washington eventually leading it to be on the US Entity list. For the records, the US Entity List is a trade blacklist which restricts the company’s ability to buy US technology. 
 

Source credit: https://www.scmp.com/tech/big-tech/article/3043558/huawei-says-relationship-chinese-government-no-different-any-other

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

TPG Rise Climate Fund raises $5.4Bn to support new climate solutions
TPG Rise Climate Fund raises $5.4Bn to support new climate solutions
By Mateen Dalal

TPG Rise Climate Fund, the climate investing fund of TPG’s global impact investing platform TPG Rise, has recently raised its first close of $5.4 billion, bringing together an exclusive blend of funding from some of the top institutional invest...

Baby nutrition firm ByHeart nabs $90Mn in Series B funding round
Baby nutrition firm ByHeart nabs $90Mn in Series B funding round
By Mateen Dalal

ByHeart, a fully integrated infant nutrition company, has reportedly secured $90 million in Series B funding which the company plans to use for the launch of its baby formula and support the development of its pipeline of nutrition items for chi...

UAE extends travel ban for Indians amid strict COVID-19 guidelines
UAE extends travel ban for Indians amid strict COVID-19 guidelines
By Mateen Dalal

United Arab Emirates (UAE) has reportedly extended travel ban for individuals travelling from India and several other south Asian countries on the pretext of COVID-19 guidelines. As reported by Etihad Airlines, the ban will be followed till 31st July...