Huawei Pitches to Do Business Outside China

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By Douglas A. McIntyre Updated Published
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Huawei Pitches to Do Business Outside China

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Many U.S. lawmakers don’t like Chinese telecom giant Huawei very much. They believe that its products are a way for China’s government to spy on American business interests and smartphone users. Huawei presents itself in a very different light. There is no way to tell for certain which perspective is correct. Huawei’s sales in the United States are at stake.

As part of the Huawei corporate policy, management says:

Huawei believes in the power of dissolving boundaries to work more closely with the world. Together with our partners, we are working hard to build a symbiotic business ecosystem that thrives on shared success.

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Also:

Huawei’s vision of Building a Better Connected World is one that we share with all of humanity. Our world is in the process of evolving from a digital world to an intelligent one. Historically speaking, enterprises in traditional value chains establish core competency by owning and controlling vital resources. As industries converge and consumer demand evolves, however, in-house strengths are no longer enough to maintain a competitive edge. Effective use of external resources will become increasingly important, and in order to succeed, enterprises have to become more open and flexible, future-proofing their business based on strengths derived from the industry ecosystem.

[nativounit]

Presumably sharing with humanity is not a form of stealing.

At least some large governments and multinationals disagree with the way that some U.S. lawmakers see Huawei. The Chinese company has set recent deals with Duisburg Germany, Telefónica, Bharti Airtel and France’s Sodexo. Best Buy sells several Huawei smartphones, including the new Mate 10 Pro 4G LTE.

If Huawei is a conduit for China to spy on Western nation interests, it already has large footholds in several countries. In the United States, one worry is that Huawei might help American telecoms build a superfast 5G network. However, Congress may not know whether smartphones or 5G networks are better spy tools. The answer may be that politicians want to throw out any relationship with Huawei. That point of view means that countless consumers around the world and telecoms outside the United States have made terrible decisions and that China has gained eyes and ears around the world. The battle Congress wants to wage may cripple the Chinese company’s American business. And over what? Speculation?

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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