adplus-dvertising
Connect with us

Tech

Huawei's sell-off of Honor is a strategic choice – CGTN

Published

 on


Editor’s note: CGTN’s First Voice provides instant commentary on breaking stories. The daily column clarifies emerging issues and better defines the news agenda, offering a Chinese perspective on the latest global events. 

It’s a deal.  

On Tuesday morning, Chinese telecommunication giant Huawei announced that it would sell off its budget smartphone brand Honor. In the official statement of Huawei, this move was “made by Honor’s industry chain to ensure its own survival.” The company will be owned by newly founded Shenzhen Zhixin New Information Technology Co., a consortium of over 30 agents.  

Many see this as a “no-alternative-but-have-to” move in the face of U.S. sanctions. Last year, the U.S. issued sanctions blocking Huawei’s access to American chips. The restrictions were further tightened this year. The Trump administration banned manufactures worldwide using U.S. technology to sell chips for Huawei.  

It would be impossible to deny that this move has nothing to do with U.S. sanctions. Would this help Huawei to adopt a more flexible strategy as it is being restricted around the world? Sure. But Wang Jianhui, deputy general manager of the research and development department at Capital Securities pointed out that there was a bigger push here against the current global background. The key word here is uncertainty.  

One of the most direct consequences of U.S. sanctions and the disruptions of supply chains, is the decrease in revenue. The retail sales of Huawei for the first three quarters this year increased by 9.9 percent compared with last year. It was still in a leading position but the growth has slowed – in 2019, the company reported a 24.4 percent growth in revenue for the same period.  

Would a new Biden administration adopt a new “Huawei” policy? By this time, it has become quite clear that the Democrats at least share some of the concerns that Republicans have towards China. It just seems too risky to place all the bets on a new administration.   

In this case, selling Honor at a fair price would provide some decent cash flow for Huawei to focus more on its core business and inject funds to the company’s strategic development in the future. Although there has not been an official announcement, it is estimated that the price will be between 100 and 200 billion yuan ($15-30 billion).  

According to Wang, selling off Honor should be seen as a strategic adjustment of Huawei. The company was already the number one tech giant in the Chinese market. According to a Counterpoint report, Huawei also surpassed Samsung to become number one in global smartphone shipment in the second quarter of 2020.  

Having two brands at the same time would surely diffuse the company’s resources. Thus, for the long-term development of the company, Huawei decided to focus more on its main brand to compete in the high-end smartphone market with Apple and Samsung.  

“In the face of an uncertain future, Huawei still hopes to pull all its resources to develop its private brand,” said Wang.  

The sell-off could also avoid future accusations that Huawei holds a monopoly of the Chinese market. Without future concerns that regulatory authorities may investigate Huawei’s market share, it can focus more on research and development.  

And not just Huawei, Wang also mentioned that this could be potential good news for the Chinese smartphone market and consumers as well. Under the new owner, Honor as a competitive brand can help some major shareholders to integrate some second and third tier smartphone brands and help to speed the R&D process for these brands. 

For Chinese consumers, a new independent Honor would also be likely to give discounts and launch new products to attract more consumers. At least in the short to mid-term, consumers can also be beneficiaries.  

Against the backdrop of a global pandemic, uncertainty has become the “new normal” and a new context that every business must take into account when thinking about the future. But one thing is clear: it’s too early to “mourn” at the fate of either Huawei or Honor. The best option is perhaps a wait and see.  

(If you want to contribute and have specific expertise, please contact us at opinions@cgtn.com.)

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Tech

Ottawa orders TikTok’s Canadian arm to be dissolved

Published

 on

 

The federal government is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media platform, but stopped short of ordering people to stay off the app.

Industry Minister François-Philippe Champagne announced the government’s “wind up” demand Wednesday, saying it is meant to address “risks” related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc.

“The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners,” he said in a statement.

The announcement added that the government is not blocking Canadians’ access to the TikTok application or their ability to create content.

However, it urged people to “adopt good cybersecurity practices and assess the possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors, as well as to be aware of which country’s laws apply.”

Champagne’s office did not immediately respond to a request for comment seeking details about what evidence led to the government’s dissolution demand, how long ByteDance has to comply and why the app is not being banned.

A TikTok spokesperson said in a statement that the shutdown of its Canadian offices will mean the loss of hundreds of well-paying local jobs.

“We will challenge this order in court,” the spokesperson said.

“The TikTok platform will remain available for creators to find an audience, explore new interests and for businesses to thrive.”

The federal Liberals ordered a national security review of TikTok in September 2023, but it was not public knowledge until The Canadian Press reported in March that it was investigating the company.

At the time, it said the review was based on the expansion of a business, which it said constituted the establishment of a new Canadian entity. It declined to provide any further details about what expansion it was reviewing.

A government database showed a notification of new business from TikTok in June 2023. It said Network Sense Ventures Ltd. in Toronto and Vancouver would engage in “marketing, advertising, and content/creator development activities in relation to the use of the TikTok app in Canada.”

Even before the review, ByteDance and TikTok were lightning rod for privacy and safety concerns because Chinese national security laws compel organizations in the country to assist with intelligence gathering.

Such concerns led the U.S. House of Representatives to pass a bill in March designed to ban TikTok unless its China-based owner sells its stake in the business.

Champagne’s office has maintained Canada’s review was not related to the U.S. bill, which has yet to pass.

Canada’s review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to might harm national security.

While cabinet can make investors sell parts of the business or shares, Champagne has said the act doesn’t allow him to disclose details of the review.

Wednesday’s dissolution order was made in accordance with the act.

The federal government banned TikTok from its mobile devices in February 2023 following the launch of an investigation into the company by federal and provincial privacy commissioners.

— With files from Anja Karadeglija in Ottawa

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Health

Here is how to prepare your online accounts for when you die

Published

 on

 

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

It’s wise to draft a will spelling out who inherits your physical assets after you’re gone, but don’t forget to take care of your digital estate too. Friends and family might treasure files and posts you’ve left behind, but they could get lost in digital purgatory after you pass away unless you take some simple steps.

Here’s how you can prepare your digital life for your survivors:

Apple

The iPhone maker lets you nominate a “ legacy contact ” who can access your Apple account’s data after you die. The company says it’s a secure way to give trusted people access to photos, files and messages. To set it up you’ll need an Apple device with a fairly recent operating system — iPhones and iPads need iOS or iPadOS 15.2 and MacBooks needs macOS Monterey 12.1.

For iPhones, go to settings, tap Sign-in & Security and then Legacy Contact. You can name one or more people, and they don’t need an Apple ID or device.

You’ll have to share an access key with your contact. It can be a digital version sent electronically, or you can print a copy or save it as a screenshot or PDF.

Take note that there are some types of files you won’t be able to pass on — including digital rights-protected music, movies and passwords stored in Apple’s password manager. Legacy contacts can only access a deceased user’s account for three years before Apple deletes the account.

Google

Google takes a different approach with its Inactive Account Manager, which allows you to share your data with someone if it notices that you’ve stopped using your account.

When setting it up, you need to decide how long Google should wait — from three to 18 months — before considering your account inactive. Once that time is up, Google can notify up to 10 people.

You can write a message informing them you’ve stopped using the account, and, optionally, include a link to download your data. You can choose what types of data they can access — including emails, photos, calendar entries and YouTube videos.

There’s also an option to automatically delete your account after three months of inactivity, so your contacts will have to download any data before that deadline.

Facebook and Instagram

Some social media platforms can preserve accounts for people who have died so that friends and family can honor their memories.

When users of Facebook or Instagram die, parent company Meta says it can memorialize the account if it gets a “valid request” from a friend or family member. Requests can be submitted through an online form.

The social media company strongly recommends Facebook users add a legacy contact to look after their memorial accounts. Legacy contacts can do things like respond to new friend requests and update pinned posts, but they can’t read private messages or remove or alter previous posts. You can only choose one person, who also has to have a Facebook account.

You can also ask Facebook or Instagram to delete a deceased user’s account if you’re a close family member or an executor. You’ll need to send in documents like a death certificate.

TikTok

The video-sharing platform says that if a user has died, people can submit a request to memorialize the account through the settings menu. Go to the Report a Problem section, then Account and profile, then Manage account, where you can report a deceased user.

Once an account has been memorialized, it will be labeled “Remembering.” No one will be able to log into the account, which prevents anyone from editing the profile or using the account to post new content or send messages.

X

It’s not possible to nominate a legacy contact on Elon Musk’s social media site. But family members or an authorized person can submit a request to deactivate a deceased user’s account.

Passwords

Besides the major online services, you’ll probably have dozens if not hundreds of other digital accounts that your survivors might need to access. You could just write all your login credentials down in a notebook and put it somewhere safe. But making a physical copy presents its own vulnerabilities. What if you lose track of it? What if someone finds it?

Instead, consider a password manager that has an emergency access feature. Password managers are digital vaults that you can use to store all your credentials. Some, like Keeper,Bitwarden and NordPass, allow users to nominate one or more trusted contacts who can access their keys in case of an emergency such as a death.

But there are a few catches: Those contacts also need to use the same password manager and you might have to pay for the service.

___

Is there a tech challenge you need help figuring out? Write to us at onetechtip@ap.org with your questions.

Source link

Continue Reading

Tech

Google’s partnership with AI startup Anthropic faces a UK competition investigation

Published

 on

 

LONDON (AP) — Britain’s competition watchdog said Thursday it’s opening a formal investigation into Google’s partnership with artificial intelligence startup Anthropic.

The Competition and Markets Authority said it has “sufficient information” to launch an initial probe after it sought input earlier this year on whether the deal would stifle competition.

The CMA has until Dec. 19 to decide whether to approve the deal or escalate its investigation.

“Google is committed to building the most open and innovative AI ecosystem in the world,” the company said. “Anthropic is free to use multiple cloud providers and does, and we don’t demand exclusive tech rights.”

San Francisco-based Anthropic was founded in 2021 by siblings Dario and Daniela Amodei, who previously worked at ChatGPT maker OpenAI. The company has focused on increasing the safety and reliability of AI models. Google reportedly agreed last year to make a multibillion-dollar investment in Anthropic, which has a popular chatbot named Claude.

Anthropic said it’s cooperating with the regulator and will provide “the complete picture about Google’s investment and our commercial collaboration.”

“We are an independent company and none of our strategic partnerships or investor relationships diminish the independence of our corporate governance or our freedom to partner with others,” it said in a statement.

The U.K. regulator has been scrutinizing a raft of AI deals as investment money floods into the industry to capitalize on the artificial intelligence boom. Last month it cleared Anthropic’s $4 billion deal with Amazon and it has also signed off on Microsoft’s deals with two other AI startups, Inflection and Mistral.

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending