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MOSCOW (Sputnik) - Chinese tech giant Huawei lost its smartphone market share to key rivals including Apple and Samsung, under pressure from strident US sanctions, a...

To embed, copy and paste the code into your website or blog: The Biden administration continues to utilize United States trade sanctions and export controls as a key tool in its efforts to put pressure on China, Myanmar/Burma and Russia. Since our last update, actions by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the U.S. Commerce Department’s Bureau of Industry and Security (BIS), the U.S. State Department (State) and the U.S. State Department’s Directorate o...

Why Did Xi Jinping Purge Jack Ma? Commentary Jack Ma, now China’s fourth-richest man and the former CEO of Chinese e-commerce giant Alibaba, criticized China’s financial system policies at the Bund Summit 2020 in October. Since then, his enterprises have become the target of Xi Jinping. At first, the listing plan for Ant Group, an affiliate company of Alibaba, was halted on Nov. 3. On April 10 this year, the Alibaba Group was fined $2.8 billion on the grounds that it violated an antitrust...

Mark Lyndersay A WEEK ago, Huawei hosted a virtual tour of its Galileo Exhibition Hall in Shenzhen, China. The tour leaned heavily into more recent telecommunications history and, more specifically, Huaweis significant presence in 4G and 5G infrastructure development. The company finds itself in the odd position of being, simultaneously, a heavy investor in the heavy iron that makes mobile telecommunication possible while being blacklisted by the biggest First World markets of the West. Huawei...

Chinese national pleads guilty in US court for illegal exports of marine tech ANI | Updated: Apr 29, 2021 22:13 IST Washington DC [US], April 29 (ANI): A Chinese national has pleaded guilty in a US federal court in Boston in connection with illegally procuring and causing the illegal export of US-origin goods to a Chinese military university. A US Justice Department release said that 44-year-old Shuren Qin used to smuggle marine technology to Chinas Northwe...

Huawei reports 16.5% drop in revenues in first quarter, warns of another challenging year ahead CNBC 2 hrs ago Ryan Browne Huawei said its revenues fell 16.5% year-on-year to 152.2 billion Chinese yuan ($23.5 billion) in the three months ending March 31. This was largely down to pain in Huaweis consumer business, which includes smartphones and other devices. Eric Xu, Huaweis rotating chairman, warned 2021 would be "another challenging year for us." © Provided by CNBC The R&...

Profit margins were up, but sales are suffering on April 28, 2021, 10:27 What just happened? Following its first-ever quarterly revenue decline in Q4 2020, Huawei has seen its sales figures fall for the second quarter in a row due to US sanctions. The Chinese giant said revenue declined following the sale of its Honor phone brand in November, but there was a bit of good news: profitability was up 3.8 percentage points to 11.1%. It’s been two years since Donald Trump adde...

Last week, Arcfox, a brand under automaker BAIC Group, launched a car with Huaweis vehicle technology. It included a cockpit kitted out with HarmonyOS, the operating system Huawei launched in 2019, as well as autonomous driving capabilities. Huawei will not be making cars and will instead focus on the technology that powers them. And on Sunday, Huawei launched some new cloud computing products as it looks to challenge Chinas market leader, Alibaba. Huawei said in a press release on Sunday that ...

Sunway Microelectronics; and Tianjin Phytium Information Technology. Because of these designations, exports and transfers of most items with significant U.S. content to these Chinese firms will now require a BIS export license under the U.S. Export Administration Regulations (“EAR”).  In its April 8 announcement, BIS also said that it will consider any export license applications for these entities with a presumption of denial. According to the BIS announcement, the seven listed firms supp...

2021-04-20 11:05:23 GMT2021-04-20 19:05:23(Beijing Time) Xinhua English BEIJING, April 20 (Xinhua) -- Indulging in the superiority as the worlds superpower, the United States habitually claims itself as the "defender of international law", blames unscrupulously other countries and slaps arbitrary sanctions on them under the pretext of safeguarding international rules. However, the United States in fact makes its selfish political gains first and puts its national law above international ...