Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
DeepSeek Plans Major Hiring Spree After $7.4 Billion Funding Round
Geely-Backed Polestar Forced Out of U.S. by Chinese Auto Tech Ban
LATEST
Geely-Backed Polestar Forced Out of U.S. by Chinese Auto Tech Ban
DeepSeek Plans Major Hiring Spree After $7.4 Billion Funding Round
Anyverse Dynamics Raises Over $200 Million as China’s Robotics Funding Boom Accelerates
Europe Has a Lot to Learn From China About Electric Trucks, Volvo CTO Says
Embodied AI Startup Kunlunxing Lands Multibillion Yuan Raise
ByteDance Targets July Launch of Upgraded AI Video Model
China’s Starlink Challenger Seeks Up to $2.2 Billion for Satellite Network Push
New Model Propels Zhipu AI’s Market Value to Record HK$1 Trillion
In AI Pitch, Alibaba Chairman Urges Europe to Look Beyond U.S. Tech
Cover Story: China’s AI Boom Is Rewiring Its Power Grid
In Depth: How AI Is Rewiring White-Collar Work in China
Chipmaker YMTC Cedes Control of Foundry Unit Ahead of Mega IPO
Chinese Startup Manifold AI Raises Fresh Funding as Investors Bet on ‘World Models’
Crealights Takes Step Closer to Hong Kong IPO as Data Center Boom Fuels Growth Prospects
Tencent Lets AI Agent Make Purchases Through WeChat Pay
Galaxea AI Chief Says China Could Lead Robotics Models Within Three Years
SiliconFlow Raises $294 Million as China’s AI Inference Demand Surges
Ant Revamps Alipay With AI Assistant in Biggest App Overhaul
New Model Sends Zhipu AI’s Stock Soaring
DJI, Insta360 File Competing U.S. Patent Lawsuits Over Camera Tech

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