Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
AI Chipmaker Sunrise Doubles Valuation After Raising 2 Billion Yuan
Tencent Unveils Larger AI Model in Bid to Close Gap With Rivals
Baidu Shifts AI Agent Dumate Toward Industry-Specific Workflows
LATEST
Tencent Unveils Larger AI Model in Bid to Close Gap With Rivals
AI Chipmaker Sunrise Doubles Valuation After Raising 2 Billion Yuan
Analysis: Unitree Shares Slide as Investors Reassess Humanoid Robot Valuations
Baidu Shifts AI Agent Dumate Toward Industry-Specific Workflows
Z.AI Unveils Cheaper Model Running Entirely on Homegrown Chips
EHang Scraps Revenue Target in Wake of Fatal Aircraft Crash
XPeng to Raise $900 Million for Robotics Unit
China’s Advanced Chip Supply to Surge 46% Annually Through 2035, Goldman Says
Xiaomi Steps Up Chip Push With New Smartphone, AI and Self-Driving Processors
Alibaba’s $12 Billion Share Sale to Fund AI Push Sends Stock Lower
TikTok to Pay $400 Million to Settle U.S. Child Privacy Lawsuit
DeepSeek Enters the Multimodal AI Race with Experimental Vision Model
Alibaba’s Profit Plunges as E-Commerce Business Falters, AI Investment Jumps
YMTC Moves Closer to Shanghai IPO
Unitree Shares Decline as Founder Flags Limits of Humanoid Robots
AI Companies’ Success Lies in the Apps, Bain’s China Chairman Says
China’s LandSpace Recovers Booster in Reusable Rocket Breakthrough
Spacecom Raises $1.94 billion in Bet on China’s Starlink Rival
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO

By Han Wei / Dec 26, 2018 06:09 AM / Business & Tech

Photo:VCG

Photo:VCG

Chinese telecom equipment giant Huawei Technologies will continue investing in the fifth generation of wireless technologies, known as 5G, despite rising hurdles in the global market, Chairman Liang Hua said Tuesday.

The Chinese company faces significant setbacks in its 5G business as a number of countries have banned Huawei’s equipment and services, citing national security concerns.

“In the face of a crisis of confidence from the West, we must do our own work well,” Liang said. “We believe that customers will make their own decisions.” He said Huawei has already obtained 26 commercial 5G contracts.

Huawei has been under a global spotlight since Chief Financial Officer Meng Wanzhou was arrested in Canada earlier this month on the request of U.S. authorities. Meng has been released on bail and awaits court decisions on whether she will be extradited to the U.S. to face fraud charges.

Liang was named Huawei’s acting CFO after Meng’s arrest. He said Huawei’s financial system and business operations have remained normal.

Share this article
Open WeChat and scan the QR code