By Che Pan and David Kirton BEIJING/SHENZHEN (Reuters) – China’s Huawei Technologies said on Monday its profit fell by almost a quarter in 2024 versus a year prior when income from the sale of its Honor handset unit provided an earnings boost, while its revenue grew at the fastest rate in five years. Net profit…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as key Beijing offices posted another online media commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published by pro-Beijing newspaper Ta Kung Pao…
Criticism of Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings over its Panama Canal ports sale is mounting as the two top Beijing offices in charge of Hong Kong affairs posted another commentary warning entrepreneurs who choose to “dance with Americans” will have no future even if they secure a “big deal”. The article, published…
With his symposium that brought together China’s top private entrepreneurs, President Xi Jinping sent a message that the country has won an initial victory in weathering technological restrictions imposed by the US. According to the People’s Daily, Xi told the country’s tech titans, including Huawei Technologies founder Ren Zhengfei and robotics start-up Unitree founder Wang…
President Xi Jinping has reiterated his view of China’s inevitable rise – a belief that continues to drive policymaking at the highest level – at a closely watched symposium with prominent entrepreneurs, held to boost private-sector morale and shore up economic momentum. He told the assembled business leaders on Monday that the East still holds…
Ren, the face of China’s resilience against US hostilities in technology, told Xi that concerns had eased over China’s lack of home-grown chips and operating systems – the “heart and soul” of modern technology – according to a report from the People’s Daily on Friday. “I firmly believe that a stronger China is rising at…
Yu Renrong, the only semiconductor executive to attend a symposium hosted by Xi Jinping with other Chinese entrepreneurs earlier this week, has quickly become the face of the nation’s chipmakers. In a video released by the mainland’s state broadcaster CCTV, the 58-year-old founder of Shanghai-listed Will Semiconductor – wearing a black coat – was seen…
Beijing is repositioning the private sector as the cornerstone of China’s global competitiveness and technological edge in the face of growing geopolitical and economic headwinds, according to analysts’ assessments following President Xi Jinping’s meeting with prominent entrepreneurs. Observers also emphasised the importance of more stimulus and policy reforms to get the ball rolling. The first…
When President Xi Jinping brought together China’s most prominent entrepreneurs for a high-profile symposium, markets and industry observers the world over were watching. News of the symposium had garnered a great deal of attention, as such a meeting had not taken place since late 2018. In the years after that gathering, a series of seismic…
Chinese President Xi Jinping will host a meeting next week with some of the nation’s top entrepreneurs – including six Hangzhou-based start-ups known as the “Six Little Dragons” – to recognise progress in critical areas of technological advancement and show support to the private sector, according to sources. Between 20 and 30 founders and chief…