Most recent

Japanese mobile carriers shun Huawei and ZTE

Huawei store

Japan's three major mobile phone carriers have decided not to use Chinese equipment in their 5G networks due to security worries, according to Japanese media.

It comes as Japan has decided effectively to exclude Chinese tech giants Huawei and ZTE from public procurement from April, according to Kyodo News.

Japan joins various other countries who have either been shunning Chinese equipment or raised concern about their use on grounds of national security.

China's ZTE squeezes out profit

ZTE research institute , located in Tianjin Binhai New Area.
Getty Images

Chinese telecoms giant ZTE reported a net profit of 564 million yuan ($81.2m; £63.3m) in the third quarter, but that was down 65% from the same period last year, according to media reports.

In July, the US lifted an order that blocked ZTE from doing business with US companies, allowing it to resume operations.

Despite this, the firm still expects a full-year loss of between 6.2 billion yuan and 7.2 billion yuan, the reports said.

Investors seemed cheered by the news however - ZTE's Hong Kong shares rose by as much as 3.6% following the trading update.

China tech shares crash

Chinese tech stocks plunged on Friday amid rising jitters about IT security.

The cause wasn't immediately clear, but follows a report from Bloomberg that US tech firms and agencies have had data stolen by Chinese spies.

The data had been siphoned off via tiny chips inserted on server circuit boards, the report said.

In morning Hong Kong trading, computer maker Lenovo tumbled more than 20%, while the Hong Kong listed-shares of equipment maker ZTE dropped more than 14%.

Japan studying restrictions on China's Huawei and ZTE

People walking past a Huawei store in Beijing on August 6, 2018
Getty Images

Japan is considering restrictions on Chinese telecom firms Huawei and ZTE amid fears of cyberspying by Beijing, according to the Wall Street Journal.

Officials said they have started studying whether there is a need for tighter regulations to reduce risk of infiltration through imported equipment, including those made by Chinese companies, according to the newspaper.

The Australian government last week banned Huawei and ZTE from providing 5G technology for the country's wireless networks reportedly because of national security concerns.

In 2012, the US House Intelligence Committee warned that both ZTE and Huawei posed a security threat.

Australia blocks Huawei from supplying 5G tech

A person walks out of Huawei office in China
Getty Images

Chinese smartphone maker Huawei says the Australian government has banned it from providing 5G technology for the country's wireless networks.

It also said fellow smartphone maker ZTE had been banned, reportedly due to national security concerns.

"This is a extremely disappointing result for consumers. Huawei is a world leader in 5G," Huawei Australia said on twitter, adding that it had "safely & securely" delivered wireless technology in Australia for close to 15 years.

Superfast "fifth generation 5G" mobile internet could be launched as early as next year in some countries.

We have been informed by the Govt that Huawei & ZTE have been banned from providing 5G technology to Australia. Thi… twitter.com/i/web/status/1…