Embattled China Telecom Huawei Turns to Pig Farming, Car Sales, Cosmetics
China’s telecom Huawei has been hit by four rounds of U.S. sanctions in less than two years. After nearly eight months of chip shortages, Huawei’s smartphone business has been battered, forcing it to expand into “crossover” businesses, such as smart pig farming, mining, and car sales.
On May 4, Bonjour Holdings Limited, one of Hong Kong’s leading cosmetics retailers, signed a cooperation agreement with Huawei International Co. Ltd. in Hong Kong, for joint brand marketing in another Huawei “crossover” business venture.
The announcement said that Bonjour Technology Services Limited, a wholly-owned subsidiary, had entered into a non-binding memorandum of understanding with Huawei’s subsidiary, Huawei International Co. Ltd. in Hong Kong, to conduct co-brand sales.
Recently, there were reports that Huawei is now investing in “everything” including Pig farming. According to some reports, the U.S. ban is reducing the Chinese manufacturer to levels it never expected. However, is this the true situation of things? Today, the President of Huawei’s machine vision, Duan Aiguo, responded to these reports. According to him, Huawei is not investing in pig farming. The Chinese technology company is also not raising pigs. However, it is assisting farmers with appropriate AI technologies for raising a good pig.
A few weeks ago, Duan Aiguo announced Huawei Smart Pig Raising Solution. According to the solution, most of the processes in raising the animal are digital. However, there were misinterpretations about the announcement. The public even associated the matter with NetEase pig farming. There were reports that Huawei like NetEase will venture into pig farming.