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.

92-Year Old Li Ka-Shing Receives First Dose of BioNTech Vaccine
China Becomes World’s Biggest Buyer of Chip Equipment in 2020, Says SEMI
Geely-Controlled Swedish Electric Carmaker Polestar Raises $550 Million in First External Funding
Xpeng Looks to Cut Reliance on Foreign Made Chips Amid Global Shortage
Trending in China: The Fake Writing Competition That Conned Beijing Parents for Years
ByteDance Powers Up Gaming Investment with C4games Acquisition
Didi Given Greenlight to Test Autonomous Vehicles in Beijing Pilot Zone
Xpeng Debuts New Car As China’s NEV Market Heats Up
Lenovo Still Top Dog in Global PC Market in First Quarter of 2021
Tesla Says Any Data It Collects in China Is Stored in the Nation
Medtech Startup StoneWise Raises $100 Million to Promote Use of AI in Drug Development
Plus Accelerates Uptake of its Autonomous Truck Tech with Italian IVECO Deal
Trending in China: Farmer Given Suspended Jail Time For Felling Own Trees – Social Media Chimes In
‘Tickets Please!’ Baidu Allowed to Charge for Robobus Service in Chongqing
Didi Reportedly Looking to List in U.S. as Soon as July
China’s NEV Sales Balloon in First Quarter on Strong Demand from Individual Consumers
Honor of Kings Beats PUBG Mobile as World’s Highest-Earning Mobile Game in March
Didi to Expand New Logistics Service From 8 to 19 Cities in China
China’s Li Auto Raises $750 Million Through Bond Sale to Fund Electric Car Development
Plant-Based Food Firm Beyond Meat to Open Plant Based in China
Huawei CEO Ren Zhengfei Says Firm is Focused on Growing Talent as U.S. Sanctions Bite

By Heather Mowbray / Sep 04, 2020 01:55 PM / Business & Tech

Huawei chief Ren Zhengfei said the challenges facing his company will help forge “heroes,” as he sought to signal the firm is down but not out.

Addressing strategy experts and new recruits at an internal forum Thursday (link in Chinese), the Huawei Technologies Co. Ltd. CEO and founder said that while the firm was operating in unprecedented and troubling times, talented staff were being cultivated across the board.

The company’s R&D system alone comprises 90,000 employees, far more than one would see in a “Western” tech company, he said, which may be able to function at a high level with fewer people and more resources, but without Huawei’s tribulations would raise fewer “heroes”.

Earlier this month, the U.S. Department of Commerce further tightened rules restricting the sale of microchips and other technology to Huawei, which effectively banned any company, anywhere in the world, from supplying it with chips unless approved by the U.S.

Regarding the latest round of U.S. hostility towards the Chinese tech company, which the Trump administration has said is based on unspecified security threats and Huawei’s alleged links with the Chinese military, Ren said, “It takes one U.S. government directive, and we have to change thousands of circuit boards, parts, and algorithms. Once we’ve made the changes, we have to do it all again... We end up making changes to our circuit boards on repeat.”

Contact reporter Heather Mowbray (

Related: In Depth: Huawei Has a Sanction-Proof Pile of Processors, but They Won’t Last Long

Share this article
Open WeChat and scan the QR code