Monday Tech Briefing: Huawei Executive Arrested in Poland
Polish authorities have arrested Weijing Wang, a Chinese executive of Huawei Technologies Co. Ltd., on charges of spying, according to multiple media reports.
Wang, who is known in Poland as Stanislaw Wang, has worked for Huawei’s Polish division since 2011, Caixin learned.
Wang’s arrest follows the detention of Meng Wanzhou, Huawei's chief financial officer and daughter of the company’s founder, last month in Canada in connection with alleged violations of U.S. sanctions on Iran. Huawei said that Wang’s alleged activities in relation to the case were unrelated to his work for the company, and that the company had decided to terminate his employment. (Caixin)
China’s automotive industry will be able to reach its goal of producing and selling 2 million new-energy vehicles in 2020, China’s minister of industry and information technology said.
The country’s new-energy vehicle sales in 2018 jumped 83% year-on-year to 1.01 million units, and sales are expected to exceed 1.6 million units in 2019.
However, the domestic industry’s sales boom has been largely the result of government support, and strong underlying consumer demand has yet to materialize. Between 2009 and 2017, Beijing spent a total of 393 billion yuan ($56.6 billion) to promote the development of new-energy vehicles. (Caixin)
South Korea’s Samsung plans to launch a budget smartphone series in India ahead of a global release, in hopes of regaining ground lost to Chinese rivals in the world’s second-biggest mobile phone market, Reuters reports.
Samsung’s Indian market share by shipments has lagged behind Xiaomi’s in two of the three 2018 quarters for which data is available. The three new M-series phones will only be available online, according to Reuters. (Reuters)
Chinese retailers including JD.com, Suning and Alibaba’s Tmall are cutting iPhone prices amid poor sales in the country.
The discounts run as high as 1,500 yuan.
The price cuts come as Apple blames lowered revenue expectations on poor sales of its iPhones in China. “Most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad,” Apple CEO Tim Cook wrote in a letter to investors on Jan. 2. (Caixin)
Chinese companies at CES, the massive consumer electronics trade show held in Las Vegas this month, say that while the U.S.-China trade war has adversely impacted their margins in the U.S., the market remains extremely important, the South China Morning Post reports.
CES 2019 kicked off last week with about 20% fewer Chinese exhibitors than the year before.
“Margins in China are razor-thin, it’s difficult to survive if you only sell in China,” a saleswoman from a Chinese manufacturer told the Post.
The Chinese internet is ablaze after Xiaomi founder Lei Jun employed colorful language to put down a Huawei brand.
At a product launch for Xiaomi smartphone line Redmi on Friday, Lei claimed the vice president of Huawei brand Honor had said: “[Our] competition with Xiaomi has concluded for a while, and we are way better than them.”
Using a phrasing associated with kung fu stories, Lei responded: “Should (Honor) have doubts (about Xiaomi products), I’d rather we just fight.” He then added that Honor has been copying Xiaomi for years, and that Honor has a long way to go to catch up with Xiaomi. (Caixin)
Compiled by Hou Qijiang and Qian Tong
Contact editor Teng Jing Xuan (email@example.com)
Apr 25 20:08
Apr 25 20:16
Apr 25 19:11
Apr 25 16:55
Apr 25 16:02
Apr 25 15:11
- 1‘Avengers: Endgame’ Has Made 400 Million Yuan in China – And It’s Not Even Out Yet
- 2Chinese Company Found Guilty of Making Jaguar Land Rover Copycat Is Appealing
- 3China Shifting Focus From Further Economic Support to Structural Reforms, Analysts Say
- 4Police Travel 1,000 Miles to Detain Man Who Mocked His Hometown on WeChat Two Years Earlier
- 5Poor Planning Poses Threat to Some Belt and Road Port Projects, Report Finds
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas