Smelling blood, Huawei’s Chinese mobile rivals look to capitalise on its U.S. woes

Chinese handset rivals of Huawei Technologies including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival, after stepped-up U.S. sanctions hobbled Huawei’s supply chains, industry insiders say. Last week Huawei said it had sold its budget brand smartphone unit Honor for an undisclosed sum in a bid to […]

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Alibaba CEO says China’s draft anti-monopoly rules ‘timely and necessary’

China’s move to draft rules aimed at preventing monopolistic behaviour by internet platforms is “timely and necessary”, Alibaba Group CEO Daniel Zhang said on Monday. Speaking at the World Internet Conference, Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to […]

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