Technology, Internet & Telecom

Technology, Internet & Telecom - 4Q19 Sector Overview

China’s Telecom Space Evolves to Counter Effects of US Trade Ban

China’s tech and internet sectors have seen an eventful quarter with important updates in AI, blockchain, fintech and gaming. Domestic software and IT service sectors reached RMB5.79tr, growing by 15.2% YoY

Chinese telecom companies have continued active deployment of 5G networks nationwide and worldwide, despite alleged security concerns expressed by some governments. Huawei specifically, although saw stablesales growth, might have lost significant market share in the telecom equipment space.

For more information about major Chinese technology sector highlights and events, download our Q4 Technology, Internet & Telecom Sector Overview.

Key Topics Covered:

Chinese mobile payment systems and e-wallets are actively expanding geographically, and broadening the scope of their operations to other financial services
Chinese authorities and businesses are accelerating blockchain application while business confidence in the technology is growing
Chinese facial recognition and AI surveillance sub-sectors are now getting established domestically and retaining global leadership
Tencent, NetEase explore new gaming market opportunities following the Chinese government curbs on minors’ gaming addiction
European countries oppose a complete ban on Huawei’s telecom infrastructures. Instead, they favor raising telecom security standards overall

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