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.
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