In leaked email, Huawei’s founder told employees that tough times lie ahead.
(NEWSER) – Tough times are ahead for China, the founder and CEO of the country’s largest private company warned employees in a memo seen as unusually candid. In the leaked memo, Huawei founder Ren Zhengfei said the technology company needs to make “survival” instead of growth its main focus for the next few years, the Guardian reports. “The next decade will be a very painful historical period, as the global economy continues to decline,” Ren wrote, citing issues including COVID restrictions, the war in Ukraine, and the “continued blockade” of some of its technology by the US and other countries.
“With survival the main principle, marginal businesses will be shrunken and closed, and the chill will be felt by everyone,” Ren said, according to financial news outlet Yicai. Huawei, which has seen revenue and profits decline sharply this year, said the email was meant for employees and declined to comment further, reports Reuters. The leaked email went viral in China, with commenters on social media wondering how much pain is in store for ordinary people and small businesses if a giant like Huawei expects to struggle.
Analysts say the email struck a chord in China because there is so little open discussion of the economy and related issues including harsh COVID restrictions, rising unemployment, and a real estate crisis.
So, how China taking Taiwan solves anything for them at this point is beyond me.
Hey China,s top paying our politicians and their children. Maybe that will help
He should talk with Biden and find out how Joe is keeping America out of tough times ahead. Joe has all the answers to sticky questions…lie.
The slopes invest in real estate like we invest in the stock market. When the bubble hits them it will get ugly.
Empty condos everywhere.
A fraudulent banking system.
All software is pirated.
CCP loyalists in the C-suite.
Pollution worse than anything during the Industrial revolution.
AND
30 Million more Men than Women, with no hope of having sex with anything other than their hand.
Sounds kinda dangerous to me… esp. for Taiwan.
Maybe they are finding out they put their puppet govt in place in America and all it did was screw our economy which in turn means WalMart sales are down and people are able to buy their cheap crap…so that will take down THEIR economy!
General Malaise,
They gain some of the Best CHIP Manufacturing Tech in the world as well as many other intellectual assets & real estate etc.
Communism like the Religion of Peace (CLOSED SOCIETIES) must be expansionist since both doctrines stifle Creativity & Science.
Essentially, they TAKE & STEAL/COPY What they need rather than develop from a Novel Idea.
I would really like to ask Bill Gates why HE DOES NOT CRACK DOWN on SOFTWARE PIRACY of MS products in ChYnA. But fuck us if we don’t pay a corporate licence.
Cheers friend.
Most of Huawei tech was stolen from:
NORTEL
LUCENT
MOTOROLA
and Others
Candace Owens Did an amazing interview with General Steve Kwast for PragerU on Y-Tube in Feb of 2020.
It is scary that for decades ChYnA was allowed to steal Critical Intellectual Property from leading edge tech companies.
I suggest you watch it.
When hunger hits, all best are off. (I’m talking about America, by the way.)
Farmer issues dire warning of food crisis:
https://www.youtube.com/watch?v=nDxs2K5m088
China will be more dangerous in their decline.
@Kcir – I swear I don’t have Drain Bamage – Yet! August 25, 2022 at 8:56 pm
> Most of Huawei tech was stolen from:
>
> NORTEL
> LUCENT
> MOTOROLA
> and Others
So Nortel, Lucent, Motorola, and the rest… no longer know how to do the tech? Why those inscrutably hypnotic Beijing bastards!