"Survival main principle' for tech giant with profits, cash flow to be highlighted The founder of Huawei Technologies Co highlighted the need to shift its focus from pursuing business scale to ensuring profits and cash flow, including giving up some overseas markets, to guarantee that the company can survive the challenges over the next three years. The comments came as Ren Zhengfei, founder of Huawei, said the global economy is expected to enter a long period of recession, and the next decade is likely to be a very painful historical period. Ren said in an internal article to its staff

A venture of Chinese carmaker Geely"s founder Li Shufu has acquired a 79.09 percent stake in smartphone maker Meizu to explore new opportunities as vehicles are growing digital and smart. Hubei Xingji Shidai Technology Co Ltd said Monday that it has gained control of the Chinese phone maker, which has over 100 million users now. The value of the deal remains unknown. Li owns an over 57.8 percent stake in Xingji Shidai, which has a registered capital of 715 million yuan ($106 million), according to Tianyancha, a corporate information provider. "Smartphones and smart cars are no longer irrelevant to each

The US chip giant Qualcomm is stepping up its push to offer new chips for smartphones, as it works to extend its leadership in premium and high-tier Android devices. The company said its newest premium-tier platform Snapdragon 8+ Gen 1 provides various power and performance enhancements on its previous top-tier chipset. Among the upgraded features are a 10 percent speed boost and a 30 percent reduction in power consumption, and while mobile gaming, users can expect up to 60 extra minutes of gameplay. compared with its Snapdragon 8 Gen 1 chip. Meanwhile, Snapdragon 7 Gen 1 offers a selection of