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ZTE Sanctioned
Telecom equipment maker falls foul of Washington again, after failing to follow through on agreement to discipline employees who sold products to Iran in violation of U.S. sanctions.
ZTE Hit by 7-Year U.S. Ban on Tech Exports
Telecom equipment company is accused of making false statements in last year’s settlement for violating U.S. sanction laws
Ericsson Rethinks China Market Strategy as Revenue Dives
The Swedish telecoms equipment maker reported a 74% plunge in third-quarter revenue, following a 63% slide in the second quarter
In Challenge to Huawei, Apple Supplier Pegatron Teams Up With Microsoft on 5G
iPhone assembler joins growing number of companies looking to take on traditional tele-communications infrastructure players
Shanghai Composite Index Rose 0.9% on Thursday
Shenzhen Component Index closed up 1.63%
CX Daily: Severe Coal Supply-Demand Imbalance Challenges Winter Supply
Xi vows to strengthen efforts to develop the nation’s talent pool. Beijing seeks to become the host city of the International Sustainability Standards Board. Another banking regulator is probed for graft
U.S. Fleshes Out ‘Rip and Replace’ Plan for Banned Huawei and ZTE Tech
A $1.9 billion program to remove the two companies’ equipment from rural telecoms networks is set to start next month
Zte Corporation’s Net Profit Rose 95.9% in First Half of 2021
Revenue grew 12.4% year-on-year
Malaysia Picks Ericsson Over Huawei to Build 5G Network
The $2.6 billion deal comes as the country aims to launch the wireless service this year, with plans to achieve 80% coverage by 2024
Huawei Vows to Keep Fighting After Swedish Court Upholds 5G Ban
China telecom giant says no evidence has been presented to prove ‘back door’ security claims and it will seek further legal action
Zte Corporation’s Net Profit Rose 157.6% in First Quarter of 2021
Revenue grew 22.1% year-on-year
CX Daily: China’s Updated Labeling Rule Gives Food Makers More to Chew On
China suspends a regular economic dialogue with Australia. The country's most popular podcast platform files for a U.S. IPO
China’s Busted Illegal Fundraising Cases Worth $60 Billion Since 2018
Regulators say they will pay close attention to potential illegal activities using the cover of blockchain and virtual currency to raise funds this year
Sentence of Former ZTE Labor Union Chief Upheld
He Xuemei should serve her original 20-year prison term in a $323 million fraud case, high court in Guangdong province rules
Huawei Buys Digital Payments License, Joining Rush to Challenge Alipay and WeChat
New payment license frees the giant telecommunications-gear maker to offer more flexible services to Chinese users than its older smartphone-based system
Nokia Plans 10,000 Job Cuts to Fund Strategy to Catch Up on 5G
Telecoms giant aims to stem losses in market share to Huawei and Ericsson in wireless network rollout race
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