Thursday, December 26, 2019

WSJ: Huawei benefited from US$75B in state support

Huawei Technologies' spectacular rise to the top of global telecommunications was fueled in part by state support valued at tens of billions of U.S. dollars, according to an analysis published by The Wall Street Journal. The article examines records pertaining to public grants, loans, tax incentives and other forms of financial assistance awarded to Huawei by government officials in China. The Wall Street Journal estimates this support totals around US$75 billion over the past two decades. Of this total, approximately $46 billion was for credit lines and loans.

In a rebuttal posted on social media, Huawei asserts that its "relationship with the Chinese government is no different than any other private company that operates in China." Huawei insists that its working capital comes from its own business operations and external financing. The company says that R&D subsidies from the government amount to less than 0.3% of its revenues. Huawei is considering legal action against the Wall Street Journal.

https://www.wsj.com/articles/state-support-helped-fuel-huaweis-global-rise-11577280736
https://twitter.com/Huawei/status/1210110450198671360/photo/1

Turkcell develops its own email platform

Turkcell has developed and launched its own cloud-based email and calendaring platform.

YaaniMail is now available to consumers and business regardless of ISP, operator, country, web browser, or devices (iOS or Android). Data generated on the platform is securely stored at Turkcell’s data centers. The new email service provides customers an alternative to the provider’s global counterparts.

Turkcell said it is targeting 2 million registered users by the end of 2020.

“YaaniMail is part of a larger effort to ensure Turkey’s data is hosted in Turkey. We will offer YaaniMail through our broad digital services and solutions portfolio to other telecom operators in the world – helping them to become digital operators,” says Atac Tansug, Vice President of Digital Services and Solutions at Turkcell. “Providing the best customer experience to our users while keeping their data safe is our top priority. We will continue to enhance YaaniMail’s built-in smart features and user-friendly interface to offer the best available customer experience to our users.”

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