The pandemic proved to be a boon for a wide range of companies, from $ZM (Zoom) to $PTON (Peloton) to $DASH (DoorDash). Once the hype faded, some companies translated their burst of popularity into long-term business, while others are looking like one-hit wonders with dying fads. In a notable shift, Huawei, which founder Ren Zhengfei has long insisted would never go public, is now central to Beijing’s tech ambitions that require heavy funding. Analysts, including Chan Ka Sing, predict a surprise IPO for Huawei in 2024, as indicated by the hashtag #BVPredicts. This shift in Huawei's position is reflective of the changing dynamics in China's tech industry, where once-dominant Alibaba is now a target, and Huawei is emerging as a favored entity.
China years ago made it plain Alibaba was a target, and Huawei a favorite. This year's events suggest the fading of one generational icon, and the revival of another. Our newsletter on how two of China’s biggest tech firms went in opposite directions: https://t.co/dGGkDsiv9b
China’s Huawei could be the surprise IPO of 2024 https://t.co/NmnmeAuoON https://t.co/NmnmeAuoON
Huawei founder Ren Zhengfei has long insisted it will never go public, but the company is now central to Beijing’s tech ambitions, which require heavy funding. Columnist Chan Ka Sing makes the case for a surprise IPO in 2024 #BVPredicts https://t.co/so9UlmyjtJ @Breakingviews
Founder Ren Zhengfei has long insisted Huawei will never go public, but the company is now central to Beijing’s tech ambitions, which require heavy funding. Chan Ka Sing makes the case for a surprise IPO in 2024 #BVPredicts https://t.co/8WQ2FUkfhx https://t.co/8NNYkPNM4k
From Breakingviews - China’s Huawei could be the surprise IPO of 2024 https://t.co/IoPMqfmb0O https://t.co/IoPMqfmb0O
The pandemic proved to be a boon for a wide range of companies, from $ZM to $PTON to $DASH. Once the hype faded, some companies translated their burst of popularity to a long-term business, while others are looking like one-hit wonders with dying fads. https://t.co/0pU8yFxyyo