Media Focus on Multinational Corporations





Huawei filed a motion for summary judgment on Wednesday Beijing time, as it aims to speed up its lawsuit against the US government over a ban that bars federal agencies from using its products. The Chinese tech heavyweight asked a court in Plano, Texas, where it filed the case, to declare the US ban on its products unconstitutional. It also called on the US government to halt its state-sanctioned campaign against Huawei over alleged cybersecurity fears. (China Daily)

The FedEx Corp's reported practice of rerouting Huawei parcels to the United States without the Chinese company's authorization demonstrates that the US government is leaving no stone unturned to disrupt normal business activities. Such a move, if not properly explained, could harm the image of the US companies involved, disrupt trust in cross-border business cooperation and further undermine the US government's credibility in keeping companies independent, they said. (China Daily)

State-owned Air China and China Southern Airlines joined their compatriot China Eastern Airlines on Wednesday in seeking compensation from Boeing Co for the grounding of the troubled B737 MAX aircraft and postponed deliveries of new aircraft they have booked earlier. The average compensation amount can be as high as 1 billion yuan ($145 million) based on the grounding scale and operational capacity of the three airlines, industry experts estimated. (China Daily)

Microsoft appears to have pulled Huawei products  from its online store, joining other U.S. technology firms in distancing themselves from the China-based smartphone maker amid trade tensions between the Trump administration and Beijing. A search for Huawei laptops yielded no results as of Friday afternoon, while specific product pages showed error messages. (China Daily) 

China Automobile Trading Co Ltd (Tianjin) started to recall 1,465 imported Ford Ranger vehicles in the Chinese market, according to the country's top quality supervisor. The front brake caliper of the vehicles doesn't meet specification as cracks may appear in the caliper, which could lead to a loss of brake fluid and increase the brake pedal travel and stopping distance. (National Business Daily)


Advocacy groups, security experts and tech giants including Apple, Google and WhatsApp have signed an open letter to Britain's Government Communications Headquarters (GCHQ) that says its spies should not be allowed to access private digital messages. (National Business Daily)

SpaceX has launched 60 little satellites, the first of thousands that founder Elon Musk plans to put in orbit for global internet coverage. The recycled Falcon rocket blasted off late Thursday night. The first-stage booster landed on an ocean platform following liftoff, as the tightly packed cluster of satellites continued upward. (National Business Daily)

Alibaba is considering raising $20 billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity. The company is working with financial advisers on the planned offering, and is aiming to file a listing application in Hong Kong confidentially as early as the second half of 2019, the source said. (National Business Daily)

French automobile brand Renault has inked a deal with JMEV - a new energy vehicle maker owned by Jiangling Motors Group based in East China's Jiangxi province - to acquire some of the company's equity in exchange for investing 1 billion yuan ($144.71 million). (Global Times)

Mercedes-Benz has started recalling 6,406 imported automobiles in China due to a front passenger seat lock problem, according to China's market regulator. The recall, filed by Mercedes-Benz (China) Automotive Sales Co., involves its imported C-class cars manufactured between 2015 and 2017 and E-class vehicles manufactured between 2016 and 2017. (Global Times)

Qualcomm said Monday that it is partnering with China's tech giant Lenovo Group Ltd. to launch the world's first Snapdragon-powered 5G PC for world consumers. The new PC system, named Project Limitless, will run on the Qualcomm Snapdragon 8cx 5G computer platform, the world's first 7nm platform purpose-built for PCs. (Global Times)

After a rocky debut, Uber executives are looking to reassure investors about the company's strategy to achieve profitability as it released its first-ever earnings report as a public company on Thursday. The ride-sharing matched expectations, reporting a net loss of about $1 billion in the first quarter, while quarterly revenue of jumped 20 percent to roughly $3.1 billion compared to the same period one year before. (Global Times)