Zhao Ming talked about Honor and Huawei in a livestream interview. The official said that Honor has cut off its relationship with Huawei in a far better way than any other company. But this separation initially brought many challenges.

The CEO mentioned that his original family (Huawei + Honor) has been successful. Although after being separated from the parent firm, Honor felt immense pressure.

It had to begin everything from scratch. The biggest challenge for Honor executives was to manage those operations that they were completely unaware of.

Why separated?

After the U.S. banned Huawei in 2019, the company sold its subsidiary firm Honor to Shenzhen Zhixin New Information Technology in November 2020. The aim was to prevent Honor from the drawbacks of the ban and enable it to operate freely.

The beginning was quite tough for Honor. The company was under pressure to meet consumers’ expectations with better products. Yet it managed the difficult times and came out with flying colors.

Honor faced pressure and challenges after leaving Huawei: CEO (Image Credits: MyDrivers)

Zhao Ming further spoke on comparisons of Honor with Huawei and Apple. According to him, Honor feels pressure while competing with tech giants. Yet, the company remains calm and continues to explore new ways that can benefit its consumers.

“When communicating with backbones and supervisors, everyone said that we are leading, but we always feel a lot of pressure. We have three big mountains. The objects we compare with are not Apple today, but Huawei tomorrow.” 

Zhao Ming states that he tries to see positivity in every aspect. The official once said that despite pressure and challenges, Honor made a separate identity from Huawei. The company is constantly achieving success and aims to offer more improved and innovative products in the future.

(source)

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Sun Ninghui is one of the prominent computer scientists in China. He is also a researcher and director at the Institute of Computing Technology, Chinese Academy of Sciences. In one of his recent speeches, the person reportedly criticized Huawei.

He says that Huawei’s business development model seems quite closed and monopolistic. The company’s dominance in the industrial sector as well as the technological chain won’t help China stand against the U.S. in the technology race.

“From chip manufacturing to software to large AI models to computing power networks, it’s best for everyone else not to participate, and Huawei will take over everything. I think we are using this kind of Chinese-style closure and monopoly to fight Western-style monopoly and containment, which we certainly can’t win.”

Another industry computer expert shared the same point saying that the dominance of one tech firm in the region hinders a healthy innovation ecosystem.

The expert gave the example of Samsung’s dominance in South Korea that obstructed the country’s overall tech progress. Although that’s just one side of the coin!

Chinese scientist says Huawei monopolistic tech can’t win against US (Image Credits: HuaweiCentral)

A Chinese investor shed light on this matter saying that the problem isn’t as serious as Sun has pictured it to individuals. He says that China is currently focusing on collecting resources with the help of large companies. After attaining success on this matter, it won’t be a big deal to address monopoly issues in the region.

Perhaps the familiar Chinese scientist has criticized Huawei business models in the US tech war, due to some other reasons.

Criticism due to conflict?

Xiang Ligang – a tech analyst said that Sun has openly criticized Huawei due to a business conflict. He said that a few scientists working with Sun are upset due to successful firms like Huawei, as their products aren’t a part of the world’s top ranking anymore.

The analyst further noted that Sun has called Huawei monopolistic as it has no way of proving the strength of its supercomputers. They often call their rivals incapable or weak in practical and commercial value. Xiang also mentioned that Huawei is growing after facing challenges and being choked by others.

|| Source – SCMP ||

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As spotted in the WhatsApp Android beta 2.24.19.16 build, the company is bringing the Meta AI assistant for the business app version. The latest testing update is available to some beta testers through the Google Play Beta Program.

Meta AI chatbot for WhatsApp Business will hold certain benefits to enhance the business experience for customers. For instance:

• 24/7 assistance: Users can get help or answers to their queries without any limitations. One can learn new skills to improve their business aspects anytime with Meta AI.
• Get More Done: The app’s virtual assistant will ensure that your work remains organized so you can focus on other operations.
• Go creative: Users can create fun images or content to publicize their business or update their profile.

WhatsApp bringing Meta smart assistant for Business accounts (Image Credits: WABetaInfo)

The Meta AI chatbot will further help business users attract new customers and boost the existing bond with old clients. You can also write engaging descriptions or add catalogs to exhibit your products more efficiently.

This feature is currently available in limited countries. Although WhatsApp will soon expand the smart in-build app assistant to more regions. It is currently in the testing phase but may soon arrive to general app users via a stable release.

[Source – WABetaInfo]

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As per the details, Huawei recorded the highest revenue growth after 2020, the same period. The company has been slammed by the U.S. ban due to security concerns which ultimately pushed it down in the market. But the situation is finally favorable.

Inputs reveal that Huawei smartphone revenue for H1 2024 has surged the net profit to 18%, resulting in $7.7 billion (54.9 billion yuan). The company has made 417.5 billion yuan in revenue from January to July 2024, which is a rise of 34.3% YoY.

Last Year…

Compared to last year’s same period, Huawei’s total revenue for the first-half sales has jumped from 310.9 billion yuan to 417.5 billion yuan ($58.6 billion).

Huawei didn’t reveal the exact figure for every business unit. But a company’s spokesperson said that Huawei’s phones, notebooks, and tablets, performed extremely well in the consumer market and remained at the top of the demands list.

Huawei revenue soars 34.3% in H1 2024, thanks to strong smartphone sales (Image Credits: Huawei)

In the first half of this year, the company sold around 22.2 million phones in China which is a hike of 55.2% from the last year’s sales. This progress made Huawei enter the top 5 rankers in the smartphone business. Apart from devices, the smart car solutions unit has also received immense support in the consumer world.

Despite the U.S. trade export controls and advanced chip production issues, the company is reaching new heights day by day. After the Mate 60 Pro, the OEM introduced devices like Pura 70 models and MateBook X Pro that raised the bar of innovation.

The Rotating Chairman of Huawei – Eric Xu says:

“Our overall performance was in line with expectations. Moving forward, we will continue driving high quality across all business processes, optimizing our portfolio to enhance business resilience, and building thriving ecosystems. Ultimately, our goal is to provide customers with even more competitive products and solutions.”

[Source]

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Huawei established the Yinwang Intelligent Technology in January 2024 with a capital of 1 billion yuan. It targets the production and sales of smart car solutions, equipment, spare parts, and other components required to develop an electric vehicle.

The report reveals that SERES shared its investment plan yesterday. The automaker is already talking with Yinwang Intelligent Tech on this topic. A major aim of the investment is to raise the Shenzhen firm and make it a better smart car solution company.

AITO maker also hopes to see Yinwang Technology as an open solution provider for its smart cars. In this way, SERES will get more help to build better automobiles and could soon become the leader in intelligent driving systems as well as advanced auto parts.

Inputs further reveal that the new deal will lead Yinwang to become the subsidiary of the SERES. But this agreement won’t change the scope of combined accounts.

SERES reportedly plans to invest in Huawei smart car solutions business (Image Credits: Huawei Central)

Another piece of information on this topic states SERES market value increased by 2 billion after its plan to invest in Huawei smart car solutions went online. The 5.3% share immediately touched the 6.4% bar this morning on the trading screen.

The story began last year when Huawei called out its automobile partners to buy shares in its automotive solutions business. After months, SERES appeared as the first to lead in this subject. However, the automaker has not disclosed the amount yet.

In November 2023, the Chinese tech giant joined forces with Changan Auto for “Investment Cooperation”. Following this cooperation, SERES also mentioned that it obtained an invitation to acquire shares and has initiated a discussion on it with Huawei.

Now SERES seems ready to enter this cooperation. As per the reports, the company confirmed the new plan via a document surfing on the internet.

SERES investment plan document (Image Credits: MyDrivers)

(Via)

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36Kr Auto reports that the Huawei smart car solution business unit is seeing a sales revenue of 10 billion yuan in H1 2024. The collection is as of early July this year.

Details from Huawei’s annual reports show the company earned 2.1 billion yuan and 4.7 billion yuan in 2022 and 2023 respectively. But the current figure is just the double of these revenues. It seems the firm’s automotive business started turning a profit.

Huawei has reportedly gained “far ahead” revenue in the first half of this year, compared to the revenue combo of the past two years. But there’s a big catch.

When contacted Huawei to verify the news, the company said that one should refer to the official authoritative information for financial details. Thus, the accuracy of this report is still uncertain. Things will get clear when the OEM announces this news.

Huawei allegedly collects $1.38 billion from smart car solution business (Image Credits: HIMA/Weibo)

If true, Huawei might have gained most of the benefit from the AITO brand. As per some details, the HIMA (Harmony Intelligent Mobility Alliance) sold over 190000 SERES AITO SUVs in the first half of 2024. It’s 90% of smart vehicles under the HIMA umbrella.

During an event, the Chairman of the Huawei Automotive Solutions Business Unit – Yu Chengdong said that its car business turned a profit in the first quarter of 2024. There is more achievement to come in the way. Yet an official confirmation awaits on this subject.

[Source]

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The Chairman said that the company has dealt with incredibly difficult days. After Huawei was blacklisted by the U.S. government for being a “security risk”, it faced many challenges in both the native regions as well as the global smartphone market.

Regardless a global 5G leader, the company has been even banned from using 5G chips for its own handsets. The Huawei smartphone business slowed down following export trade restrictions on chipmaking tools and other advanced equipment.

Yu further said that there was a time when the company sold only 20 million units per year. It was so as Huawei didn’t have better techs or chip tools back in 2022.

“My team wasn’t able to start operations. As the global leader in 5G technology, we didn’t even have 5G phones ourselves. Our days were incredibly difficult” – says Yu Chengdong.

In 2019, the Chinese tech giant sold around 240 million units of smartphones globally. However, that same year, the U.S. imposed sanctions on the company, which led to a drop in its smartphone business. The ban’s impact on the company is still visible.

Chip war between the U.S. and China (Image Credits: Reuters)

Although Huawei Chairman expects its business to recover amid the U.S. ban. The company is constantly making efforts to rejuvenate its smartphone business in both China and global markets. In this case, Mate 60 Pro appears as a turning point.

Huawei introduced Mate 60 Pro with Kirin 5G chipset last year. Since then, the company didn’t stop new Kirin chips production. Pura 70 Ultra is another example that runs on Kirin 9010 chip and this trend will probably continue with Mate 70 flagship.

Yu Chengdong also said that Huawei phones and other products are contributing to China’s growth. Consumers purchasing these devices also play a role in lifting China’s electronics supply chain and reducing the country’s dependency on foreign goods.

Read More:

• Huawei Kirin chips significantly contribute to China’s growth: Yu Chengdong

Huawei could raise the smartphone shipment bar in China to 50 million units this year, as per analysts. To do so, the company is trying its best in every way. Whether it’s HarmonyOS software capabilities or the new R&D Center establishment in Shanghai.

It would be worth seeing how Huawei takes on new achievements amid U.S. restrictions and several trade challenges.

Huawei Chairman expects business to recover amid U.S. ban (Image Credits: Weibo)

[Source – SCMP]

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The Chairman of the Huawei Consumer Business Group – Yu Chengdong also attended the agreement and put forth his words on the Whole House Smart business.

Details of the strategic cooperation agreement say that both Huawei and China Resources Land will work dedicatedly and increase the benefits of the Whole House Smart products for consumers. The tech makers will look after the following fields:

• Commercial Shopping Malls
• Office Buildings
• Long-term rental apartments
• Complex Constructions
• Property Management

Huawei and China Resources signs an agreement (Image Credits: ITHome)

The main motive of this strategic cooperation is to ensure advanced as well as innovative solutions to build the Whole Smart House products. Both Huawei and China Resources Land firm will put things into action, probably in October this year.

It is worth mentioning that Huawei and China Resources have been in a partnership since 2019. The two parties have even launched several whole-house smart beta projects in the native region and obtained results as per their expectations.

During the Summer 2024 new product launch event on May 15, the OEM unveiled a brand-new Whole Smart House solution filled with AI features and capabilities.

At the same time, the company also introduced a new AI Health Care facility with better health-related sensors and detection features. It would be worth seeing what else we will find in the Whole House Smart category in the upcoming days.

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Details by @36Krypton reveal that the former Chief Operating Officer (COO) of Huawei Device Group – He Gang will now take over the responsibilities of the CEO position.

The official document shows that Huawei never had a Chairman for its Device Business Group, which encouraged it to initiate such a post in the device work line.

Hence Yu Chengdong has stepped down from the CEO position and will sit on the Chairman seat of the Huawei Device Business. People related to the company said that changes are normal and nothing special in a company’s senior executive’s life.

Note that this promotion has simply expanded Yu’s scope of duties in the company. Yu Chengdong will now have to look after as the Managing Director, Chairman of Device Business, Chairman of smart car solutions, and Director of IRB (Investment Review Board) for smart devices and car components.

Yu Chengdong (Image Credits: MyDrivers)

Input reveals that Huawei made these changes in its internal management to adapt to the current market scenarios. The Chinese tech giant intends for Yu to have a better focus on the automobile solutions business over the smartphone part.

New Responsibilities

From just seeing the responsibilities of the device consumer business to moving on to a higher-level decision-making post, Richard Yu will now have more duties than before.

Yu Chengdong joined Huawei in 1993 as a 3G Product Director, the Vice President of the Wireless Technical Sales Department, and several other positions. Richard Yu continues to be an important part of the company, focusing on both phone and automobile solution business.

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The 2023 Annual Report also mentions that Huawei has sold its Honor business and server-related subsidiaries. Revelations say that the sale takes place in installments. Although the overall sale amount in this aspect is still unconfirmed for now.

The story began in November 2020 when Huawei made a deal with the Shenzhen Zhixin New Information Technology Co. Ltd. of over 30 agents and dealers in China. Here, the Chinese tech maker sold off its Honor smartphone business.

After the completion of this sale, the Kirin chipmaker did not have any right to hold shares in the new Honor smartphone company. Now Huawei has fully finalized the contractual rights and sale of the Honor business, as of the 2023 annual report.

Huawei settles contractual rights and sale of Honor (Image Credits: Ghizmochina)

It is worth mentioning that Huawei decided to sell the Honor brand and make it a self-dependent firm due to the pressure of the U.S. sanctions. The parent firm addressed the problems faced by the subsidiary company amid restrictions.

This has been a safe move from Huawei to shield Honor from strict trade regulations. It also wanted Honor to have access to vital supplies without any issues.

Further report details mention that the financial stuff and objects of this sale will be marked under fair value with cash receipts. These slips will be showcased in the investing procedure under the consolidated statement of cash flows. The fair value of these financial items accounts for 55.85 billion yuan.

Image Credits: Huawei Central

(Source)

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