SHANGHAI, July 27 — Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has...
Monday, 27 Jul 2020 11:24 AM MYT
But the two companies which best exemplify China’s ambitions to challenge US tech dominance are now stymied by strains in relations between China and countries including the United States, India, Australia and Britain. But then came new US sanctions against Chinese tech firms last October, prompted in part by repression of the Muslim Uighur population in the Western province of Xinjiang.
Huawei is set to lose billions of dollars a year in revenue from bans on its network equipment, and more countries could follow the United States, Britain and others in blocking the company’s gear. Huawei, Alibaba, SenseTime and Megvii declined to comment. ByteDance and Tencent did not respond to requests for comment.
A huge domestic market is by far the biggest profit centre for China’s tech firms, and some countries remain keen to accept Chinese investment.
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