Tencent chairman pledges to advance China chip industry after ZTE "wake-up" call, says report
Updated : May 28, 2018 12:20 AM IST
China's No.2 telecom equipment maker ZTE was banned in April from buying US technology components for seven years for breaking an agreement reached after it violated US sanctions against Iran and North Korea.
Tencent, which alternates with Alibaba Group to be Asia's most-valuable listed company, is the largest social media and gaming company in China and operates the popular WeChat app.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more