Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: The View from China on U.S. Presidential Election Debate Antics
Trending in China: Disneyland Shanghai Hotel Prices Rocket to Over $1,000 a Night
Chinese Bitcoin Mining Machine Maker Ebang Establishes Canadian Subsidiary
Trending in China: Team Effort VS Individualism - What is the Message Behind Box Office Smash Hit Volleyball Movie Leap?
Tencent Leads Over $100m Funding in Pet Clinic Operator New Ruipeng
Watch Out Alipay and WeChat, Is Getting Into Online Payments
Search Engine Sogou Joins Exodus of Chinese Firms From Wall Street as Tencent Takes It Private
Huawei Showcases Smart Car Technologies at Beijing Auto Show
Trending in China: A David and Goliath Battle - Students Take on a Chinese Tech Giant and Win
Chinese Drug Manufacturer InventisBio Bags $147m Led by Hillhouse Capital
Profits of Weibo Soar Even as Revenue Falls
Chinese Electric Vehicle Startup Xpeng Receives Investment to Build Production Base in Guangzhou
Video Site Operator Mango Plans to Raise $660 Million to Expand Content Library
Chinese Biotech Firm Creative Biosciences Raises $88m From IDG, CDH, Others
Alibaba’s Ant Group Launches Blockchain-Based Platform to Streamline Cross-Border Trade
Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet
Chinese Online Travel Agency Sees Revenue Plummet As Covid-19 Fallout Lingers
Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round
Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC
Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views
Trending Story: Are Any New Graduates Really Worth 2 Million Yuan a Year? Netizens Discuss!

Heather Mowbray / Aug 06, 2020 07:23 PM / Trending Stories

What’s trending?

Envy and admiration abound for two young Chinese scientists who have emerged fresh out of college to land jobs worth millions at China’s best known telecom hardware manufacturer, Huawei.

What’s the story?

As graduates across China struggle to find a job in a reeling economy suffering the impact of coronavirus lockdowns and slowdowns, two talented Ph.D.s walked away from a grueling interview process with pay packages that exceed most young people’s wildest dreams. Zhang Ji graduated with a doctorate in computer science, and Yao Ting completed a doctorate in computer system architecture. Both are from Huazhong University of Science and Technology in Wuhan, and top winners of this year’s Huawei Talented Youth Program.

The program was started by Huawei’s founder and CEO Ren Zhengfei last year to attract graduates from China’s most prestigious science academies to take on the toughest challenges at the leading telecom company in exchange for impressive salaries, ranging from 900,000 ($30,000) to 2 million yuan ($288,000) a year. Huawei has plans to recruit more than 20 such scholars, including talent from overseas.

Zhang, 27, is the first to receive a salary of 2 million yuan from the program. He is an expert in artificial intelligence and intelligence system optimization and has published numerous papers while at university. Yao researched new storage media databases and key-value storage systems, and was a trainee senior researcher at Western Digital Research Institute in Japan.

The pair were subjected to seven rounds of vetting before securing the jobs. Zhang admitted that he had also received offers from Tencent, IBM, and Alibaba, as well as two start-ups, but turned them down for Huawei because the work matched his research direction. Fully aware that these were testing times for Huawei, Zhang said he wanted to “do something meaningful” and help the company persevere.

What are people saying online?

More than 12,000 comments have been posted under the main news on Weibo. Amid the congratulations, netizens asked why no graduates of Tsinghua were on the list. As one user points out, Huazhong receives 11 billion yuan ($1.6 billion) in subsidies from the government while the country’s top science academy Tsinghua receives more than double that. People also question why Huazhong graduates are so highly favored by the rich tech company, while acknowledging the university does rank in the top five in science.

Share this article
Open WeChat and scan the QR code