Two recent examples of poor cybersecurity practices could weigh heavily on Huawei, as the Chinese tech giant tries to cast itself as a reliable purveyor of international telecom infrastructure to gain ground in the race to 5G.
On March 9, Dutch cybersecurity researcher Victor Gevers revealed that he had discovered a publicly available trove of what appears to be Huawei enterprise network credentials on the open-source software development platform GitHub. The type of credentials posted, which typically grant access to potentially sensitive company data, may have been posted late last year.
A story by TechNode reporter Eliza Gritsi on Huawei's cybersecurity holes
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On the brink of bankruptcy
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What: Troubled bike-rental company Ofo is denying reports of impending bankruptcy and maintains that the company is “currently operating normally.”
Filings: Chinese media originally reported an entry on the national bankruptcy disclosure e-platform, which showed that an individual named Nie Yan filed a bankruptcy application for Beijing Baike Luoke Technology, Ofo’s domestically registered operator. The application to the People’s Court of Beijing’s Haidian District is dated March 25.
Caveats: According to an industry source cited by financial news service Yicai, an application for bankruptcy does not necessarily mean that the company has begun legal proceedings. By law, a debtor is allowed seven days to raise objections after being notified of the case by the court.
Debts: Even if Beijing Baike Luoke Technology isn’t facing bankruptcy, however, the bike operator must still tackle a mountain of debt. In February of this year, a Tianjin court froze RMB 1.45 million (about $220,000) of the company’s assets after it was sued by a supplier. In January and February, Ofo’s offshore-registered operator Dongxia Datong Management and Consulting also failed to pay legal fines for nearly 50 payment default cases.
- Bailey Hu
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Shots
Concentrated daily news
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A Shenzhen court held a hearing of creditors associated with phone maker Gionee’s bankruptcy liquidation case on Tuesday. The court said that 372 creditors claimed debts totaling RMB 17.3 billion (around $2.6 billion) from Gionee.
Chinese visitors can now use Alipay’s self-service facial recognition point of sale (POS) system, known as Dragonfly, to make purchases at duty-free shops at Hong Kong International Airport. Twelve iPad-sized Dragonfly POS machines have been deployed at the airport. This is the first time Alipay has introduced the face-scanning device outside of mainland China.
Chinese tech giant Tencent has signed a memorandum with Swiss pharmaceutical company Novartis to extend their partnership to cover heart failure and other chronic diseases. The cooperation will start in China to explore the possibility of leveraging artificial intelligence to boost integrated management for patients with chronic diseases, with the potential to expand to other countries.
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Drips
Small drops to get smart on China's tech world
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- Reuse, reduce, recycle: LinkSpace, a Chinese rocket startup, has successfully tested a reusable small rocket in East China’s Shandong province. (Sixth Tone)
- Fueled by hydrogen: Grove, a new automotive company, aims to launch a hydrogen fuel-cell four-door SUV in China next year. (Green Car Reports)
- Falling short: According to a report by the China Electricity Council, China will miss its nuclear power generation capacity targets for 2020. (SCMP)
- Shifting to the enterprise: Tencent invests in e-commerce platform Youzan to boost its enterprise business operations. (TechNode)
- Lark: Bytedance has released its productivity tool on overseas markets. (TechNode)
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Alberto Sperindio
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