Asia
Huawei says 2023 net profit doubled despite US crackdown
China’s Huawei Technologies said on Friday that its net profit more than doubled in 2023, with revenue rising across all of its businesses for the year.
Huawei’s net profit of 87 billion yuan ($12 billion) was the highest in five years, excluding 2021 when it recorded an undisclosed amount of profit from the spin-off of its low-cost Honor smartphone line.
The figures are a strong sign that the company is able to withstand constant pressure from Washington, including strict export controls.
Huawei’s resurgence, particularly in the domestic smartphone market, has put pressure on its competitors, especially Apple.
Huawei, once the world’s second-largest smartphone maker, said revenue from its sanctions-hit consumer electronics business rose 17.3 per cent year-on-year to 251.5 billion yuan last year, and that momentum continued in the first quarter of this year.
Huawei also said its HarmonyOS operating system is now installed on more than 800 million devices across all platforms, up from about 330 million devices in the same period last year. The company began focusing on developing its response to Google’s Android operating system after Washington cut off its access to American technology. By comparison, there are about 3.9 billion active smartphones running the Android operating system, the world’s largest operating system, according to BusinessofApps.
Chip competition
Huawei’s strong annual performance followed the launch of its flagship Mate 60 Pro series phone last year. The company was able to use advanced 7-nanometre chip technology in the high-end model despite US export controls restricting its access to the world’s top chipmakers.
As Huawei’s success is seen as a victory in China’s technology war against the US, Washington is considering further tightening export controls. But Huawei still relies on US chipmaker Qualcomm to supply the 4G mobile chips for most of its smartphones.
Runar Bjorhovde, an analyst at Canalys, said Huawei had made a strong comeback in China in the second half of 2023, rising to the top five. Speaking to Nikkei Asia, the analyst said: “It carried a strong momentum into the early months of 2024. But this resurgence is putting pressure on other vendors in China’s already hyper-competitive environment.”
Ninety-four per cent of Huawei’s smartphone shipments remained in China in 2023.
“Apple is feeling the pressure of Huawei’s resurgence the most. Recently, Apple has responded with initiatives to consolidate its position in the market by increasing its investment in China, including significant spending on joint marketing campaigns, a new Apple Store and a visit by CEO Tim Cook.”
‘We managed to grow despite challenges’
Huawei’s overall performance in 2023 was “in line” with forecasts, Huawei’s rotating chairman Ken Hu said on Friday, adding that the company had managed to grow despite “successive challenges”.
The company’s revenue rose 9.6 per cent to 704.2 billion yuan in fiscal 2023 from 642.33 billion yuan in fiscal 2022. The company’s research and development expenditure reached another historic high of 164.7 billion yuan, equivalent to about 23.4% of its total revenue. Over the past decade, the company has spent a total of 1.11 trillion yuan on R&D.
The company’s cloud business has seen massive growth, driven by explosive demand for generative AI technologies. By 2023, the division’s revenue will have increased by 21.9 per cent year-on-year to 55.3 billion yuan.
China’s voice recognition AI champion iFlytek and the European Centre for Medium-Range Weather Forecasting are among the users of Huawei’s Pangu training model.
Huawei’s ICT infrastructure business, which includes the carrier and enterprise businesses, remained the company’s largest revenue pillar, with revenue up 2.3 per cent to 362 billion yuan.
Huawei, once again the world’s largest telecom equipment vendor, began deploying 5.5G wireless network technologies at home and abroad, including in Turkey, Brazil and the Middle East. According to Huawei, some telecom operators in Finland and Germany have also completed verification of the technology, a crucial step before deployment.
Revenue from the company’s nascent automotive electronics business more than doubled to 4.7 billion yuan last year, compared to 2022. It has partnered with many Chinese automakers, including Baic Group and Seres, but currently only serves the domestic market.
Asia
Russia and China narrow space race gap with US, reports indicate
Russia and China are progressively narrowing the space gap with the US, according to an assessment by The Washington Post (WP). The newspaper reported that the technological superiority of the US in this domain is beginning to erode, noting that fresh advancements achieved by Moscow and Beijing could create risks for Washington.
The newspaper pointed to China’s recent progress as an example of this trend. In August, a Chinese aerospace company successfully landed a rocket’s first stage on Earth for the first time.
Previously, only US-based companies SpaceX and Blue Origin possessed this technology. The ability to reuse rocket stages significantly reduces launch costs.
The WP also drew attention to Russia’s Rassvet satellite system, which is planned to deliver internet connectivity from space.
The newspaper noted that this system could be utilised by the Russian military. According to the assessment in the report, the Rassvet system could provide Russia with capabilities comparable to those offered by SpaceX’s Starlink satellite network.
According to the newspaper, among the primary challenges facing the US are ageing launch pads and other space infrastructure. Modernising this infrastructure requires securing additional funding from the US Congress.
The WP further emphasised the necessity of streamlining commercial launch licensing procedures, which currently can take an extended period.
Observing that the US maintains its superiority for now thanks to a robust private space sector, the newspaper stated that Washington must increase launch frequency and invest in infrastructure renewals to preserve its leadership.
According to a May 2025 report by The Times, the US has begun sharing certain data on Russian and Chinese space operations with Britain and other members of the “Five Eyes” intelligence alliance.
This measure was taken in line with Washington’s concerns over Beijing’s advances in military space capabilities. In this context, allies were granted access to intelligence from Space Delta 9, the US Space Force unit that tracks Russian and Chinese satellites.
Russia and China, meanwhile, continue to pursue joint space projects. Russian President Vladimir Putin stated in April 2025 that Moscow and Beijing have “grand” and “magnificent” plans in this field.
In 2024, Russia ratified an agreement with China regarding the International Lunar Research Station, which is planned to be established on the lunar surface or in lunar orbit.
Former NASA Administrator Jim Bridenstine called on Russia, the US, and China in October 2025 to cooperate in space. Stating that the interests and activities of nations could intersect in space, Bridenstine said the parties could not operate alone.
Bridenstine also recalled that space cooperation between Moscow and Washington had commenced during the Cold War.
Asia
China-Nepal border flood leaves at least 160 dead, over 1,000 missing
A massive mudslide and flash flood struck the Gyirong Port area along the China-Nepal border on Wednesday, leaving at least 160 people dead on both sides of the frontier and more than 1,000 others missing. Search operations have been extended across both sides of the border.
According to the latest official information released during a press conference held by the Shigatse municipal government on Thursday morning, three fatalities have been confirmed on the Chinese side, whilst 558 people remain missing.
Two individuals were rescued alive. Following the expansion of search operations, the number of missing persons was revised upwards from an earlier figure of 265.
Chinese authorities have dispatched more than 1,500 personnel to the region, including firefighters, military troops, and engineering teams. Vice Premier Zhang Guoqing has also arrived at the scene to direct operations.
According to state broadcaster CCTV, a landslide dam lake has formed near the border crossing, complicating rescue efforts.
Nepal Police reported late Wednesday that 157 bodies had been recovered.
According to the Office of the Prime Minister of Nepal, the 484 missing tourists include 391 foreign nationals from at least 26 countries. These comprise 142 citizens from India, 47 from the US, 34 from Australia, 33 from the UK, and 24 from Canada.
Nepal Tourism Board spokesperson Sunil Sharma told the Associated Press that 133 of the missing tourists were Indian pilgrims.
The disaster struck Gyirong County in the Tibetan city of Shigatse at around 10:30 on Wednesday and originated on the Nepalese side.
The region is situated along an important pilgrimage route leading to Tibet’s sacred Mount Kailash and Lake Manasarovar. Particularly during this peak period of the year, hundreds of pilgrims from India and other countries visit the area.
Initial assessments by Nepalese authorities indicated that an earthquake may have triggered a collapse in the lower section of a glacier, releasing the destructive floodwaters.
Asia
India intel push on China risks dangerous miscalculation, study says
A Chinese scholar has warned that Indian intelligence agencies increasingly treating China’s routine activities as threats raises the risk that New Delhi could miscalculate and adopt “unilateral countermeasures” against Beijing.
According to Zhao Ruoxi, a researcher at the Macau University of Science and Technology, India stepped up its intelligence-gathering operations following the deterioration of relations with neighbouring China in recent years.
Zhao made the assessment in an article analysing Indian intelligence operations targeting China across the 2020–2026 period. The study was published in the 31 July issue of the Chinese-language Journal of Intelligence, issued by the Shaanxi Information Institute of Science and Technology, and reported by the South China Morning Post.
According to Zhao, China’s political and economic presence in South Asia, its emphasis on emerging technologies, and its naval activities in the Indian Ocean have been monitored more closely by India since a 2020 border clash.
In that clash in the Galwan Valley, 20 Indian and four Chinese soldiers were killed, dragging relations between the two countries to one of their lowest points in history.
Zhao noted that India has expanded its intelligence collection tools in recent years, drawing on space-based reconnaissance systems, drone surveillance, and cyber intelligence to establish a multi-agency network targeting China.
According to the article, India has also cooperated with the US and Middle Eastern nations to enhance its capacity to track Chinese naval operations in distant waters and exert informational pressure along Beijing’s maritime energy supply routes.
However, Zhao described India’s heavy reliance on foreign-sourced data as a “structural weakness”, arguing that it leaves New Delhi’s assessments of China vulnerable to the strategic agendas of third parties.
Zhao observed that while relations between Beijing and New Delhi began to improve in late 2024, India’s expanded intelligence activities directed at China have persisted.
The two countries took steps to mend ties after reaching an agreement in 2024 on resuming border patrols. Direct flights resumed after a five-year hiatus, Beijing once again permitted Indian pilgrims to visit the Tibet Autonomous Region, and India resumed issuing visas to Chinese tourists.
Last year, in another sign of easing tensions, Indian Prime Minister Narendra Modi visited China for the first time in seven years. In his meeting with Modi in Tianjin, Chinese President Xi Jinping said border issues should not define bilateral relations.
Following the reopening of the Lipulekh Pass in June, which Beijing viewed as a goodwill gesture, the two countries also resumed cross-border trade in August through the Himalayan passes of Nathu La and Shipki La.
In the article, Zhao stated that India is expected to ramp up technical surveillance in border areas, which will compel China to bolster its information security.
Zhao also warned that New Delhi could “systematically disrupt” Beijing’s diplomatic engagements with its South Asian neighbours, particularly its efforts to build regional trust and advance projects under the Belt and Road Initiative.
According to Zhao, the expansion of India’s intelligence operations against China heightens the risk of miscalculation, as routine Chinese activities are increasingly perceived as threats.
“As a result, the likelihood of triggering unilateral countermeasures increases,” Zhao assessed.
Zhao said China must make its strategic messaging more effective and reinforce communication with South Asian states and Indian Ocean littoral nations to counter this pressure.
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