Didn’t get billions in financial aid from Chinese govt: Huawei

Beijing: Reacting to reports that it got as much as $75 bilion in state support from China, Chinese telecom and smartphone giant Huawei has denied the alleged special treatment and called them “wild accusations”.

Tens of billions of dollars in financial assistance from the Chinese government helped fuel Huawei Technologies Co.’s rise to the top of global telecommunications, a scale of support that in key measures dwarfed what its closest tech rivals got from their governments, claimed a report in The Wall Street Journal.

Reacting to it, Huawei responded in a string of tweets on Thursday: “Once again, the WSJ has published untruths about Huawei based on false information. This time, wild accusations about Huawei’s finances ignore our 30 years of dedicated investments in R&D that have driven innovation and the tech industry as a whole.”