US Republican Senator Marco Rubio will give the US government a new stock listing (IPO) on the 9th for the Chinese e-commerce giant Alibaba Group 9988.HK ‘s financial company Ant Group. He insisted that the option to postpone should be considered. “The Chinese Communist Party is overtly suppressing Hong Kong’s freedom and autonomy. Wall Street is the Ant Group’s Hong Kong,” he said in […]
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Huawei says US push to create a 5G rival ‘would be a challenge’
Chinese telecom giant Huawei announced on October 16, 2019 that it has passed the 400,000 5G antennas mark, the fifth generation of mobile phones, in the world with 56 operators who have already started to roll out the new mobile network. STEFAN WERMUTH | AFP | Getty Images Plans by the United States to create […]
Senators propose over $1 billion for 5G alternatives to China’s Huawei
Sen. Mark Warner (D-VA) Drew Angerer | Getty Images A bipartisan group of senators introduced legislation Tuesday that would pump more than $1 billion into developing Western 5G equipment alternatives to China’s Huawei. Reasoning that Huawei has been “heavily subsidized by the Chinese government,” the Utilizing Strategic Allied (USA) Telecommunications Act would help Western firms […]