Chinese telecom giant Huawei experienced fatal losses in Q2 2021 revenues, while South Korea-based telecom provider, KT Corporation, acquired on Tuesday a remarkable increase in profits during the same period. The two-year old U.S. sanctions imposed on the Chinese firm pounded both its network infrastructure and smartphone sales. The consumer electronics business was the company’s […]
Search results for "China"
The U.S. has expressed its support toward Brazil’s proposal of becoming a NATO partner but stressed its concerns regarding the Latin American country’s business with Chinese telecoms titan Huawei within its 5G telecoms network, White House officials told reporters on Monday. During a trip to Brazil last week, U.S. National Security Advisor notified President Jair Bolsonaro of the state’s concerns in partnering with Huawei citing cybersecurity […]
China’s largest e-commerce company, Alibaba, said Monday it fired a manager accused of sexual assault and pledged to strengthen its anti-sexual harassment policy, after a female employee accused the company of suppressing her report of the assault. The unidentified female employee went public Saturday with an internal post detailing the alleged sexual assault by her […]
There is no evidence to support defense allegations the U.S. acted in bad faith or omitted evidence in an attempt to mislead an extradition hearing for a top executive at Chinese communications giant Huawei Technologies, a Canadian government lawyer said Thursday. The argument came in a hearing for Meng Wanzhou, who is Huawei’s chief financial […]
Security firm Cybereason reported on Tuesday that it detected three vicious cyberattacks operating on behalf of the Chinese state targeting at least five of the biggest telecommunications firms located in Southeast Asia countries. Previously, a similar cyberattack on Microsoft Exchange email server, the U.S., Britain, and the European Union have repeatedly accused Beijing of state […]
Uber’s ride-hailing service is regaining the momentum that it lost during the pandemic, but it’s coming at a cost that’s raising more doubts about the company’s ability to make money. At the same time, Uber’s unprofitable delivery service is still growing at a torrid pace, indicating that some homebound habits may be here to stay, […]
Worldwide 5G infrastructure revenue is expected to grow by 39 percent reaching $19.1 billion in 2021, up from $13.7 billion last year, according to a report published on Wednesday by U.S.- based research and advisory company, Gartner. The report revealed that communications service providers (CSPs) in mature markets enhanced 5G development in 2020 and 2021, citing the pandemic as a reason for this increase. “The COVID-19 pandemic spiked demand for optimized and ultrafast broadband connectivity to […]
Lawyers for a senior Huawei executive argued in a Canadian court Wednesday that the United States “strategically crafted” a misleading record of the fraud case against her and acted “in bad faith” when presenting reasons she should be extradited. Huawei Technologies Chief Financial Officer Meng Wanzhou, who is the daughter of the company’s founder, was […]
Thailand-based mobile operator Jasmine Telecom Systems (JTS) announced last week its Bitcoin mining plans to become the largest miner in Southeast Asia by 2024. The Thai telco, which is a subsidiary of telecom operator Jasmine International (JAS), aims to install 500 bitcoin mining machines at its Jastel Data Center during the third quarter of this year. This step is considered rare, especially that several telcos are primarily interested in blockchain, yet few are concerned about cryptocurrency. “Now is […]
Famous Beijing-based giant Didi denied any allegations of plans to go private in a bid to satisfy the Chinese government amidst latest regulations concerning users’ data security. After the Wall Street Journal released a report discussing the possibility of Didi going private, the ride-hailing app’s shares increased by approximately 50 percent in Thursday’s pre-market trade. The company has been targeted by Beijing regulators ever […]