Huawei’s second 90 days reprieve will expire on Monday and new reports says that the US government will extend the temporary license for the new timeline.
The US administration is expected to grant a six-month extension for Huawei to provide services to existing customers in the US, reported Politico citing people familiar with the matter.
However, Reuters reported that this extension will be two-week short for the moment and a longer extension is in the works but has not yet been finalized due to regulatory hurdles, said one source who was briefed on the matter.
The extension will be announced on Monday when the earlier reprieve is set to expire, the sources said, declining to be identified as the extension has not been publicly announced.
Back in May, the US Commerce Department added Huawei into the Entity-List and imposed trade restrictions that prohibit it from buying US technologies. The company was then given a 90 days temporary license to serve its existing customers in telecom sectors and update for smartphones, which was expanded for another 90 days in August.
The US commerce secretary – Wilbur Ross previously said that the US department is working on licenses that are likely to allow Huawei to resume purchases technologies such as chips and software services from Google and Microsoft.
Huawei Hubble officially entered the private equity fund industry
Huawei Shenzhen-based Hubble Technology is a subsidiary that fully focuses on making investments in the market. On January 14, 2022, Huawei Hubble has officially completed the registration of private equity fund managers. Now, the institutional type is private equity and venture capital fund managers.
According to the information, Hubble Technology Venture Capital Co., Ltd was established on April 23, 2019, with a registered capital of 3 billion yuan in Futian District, Shenzhen.
Now, Huawei Hubble has officially entered the private equity fund industry. In the coming future, private equity fund products will be established to raise funds for individual and institutional qualified investors for equity venture capital.
What are private equity funds?
Private equity funds are closed-end funds that are considered an alternative investment class. Because they are private, their capital is not listed on a public exchange. These funds allow high-net-worth individuals and a variety of institutions to directly invest in and acquire equity ownership in companies.
Huawei Hubble executives:
Hubble Investments’ legal representative, president, and general manager is Bai Yi, which is currently president of Huawei’s Global Financial Risk Control Center. Since August 1997, he is serving Huawei.
He has served as an employee of the R&D Department, Director of the Research Institute Cooperation Department, and Deputy Director of the Corporate Development Department. Also, he has been in the positions of President and Vice President in other departments. In April 2019, Bai Yi took over as the CEO of Hubble Investments.
Hubble Investments Compliance Risk Control Officer Kong Yan is also a veteran Huawei employee. In February 2006, she joined Huawei Technologies as a Project Finance Officer in the Regional Financial Management Department.
In July 2012, she became a financial specialist in Huawei’s operations management division. Further, she began working at Hubble Investments in January and became a director of the company.
Hubble Investment is fully operated by Huawei and jointly owned by the Huawei Investment Holding Co., Ltd. Trade Union Committee and Ren Zhengfei, of which Huawei’s founder Ren Zhengfei holds 0.75. % of shares.
Hubble Investments currently has about 50 foreign investment companies, covering manufacturing, scientific research, technical services, information broadcasting, finance, etc., covering chips, semiconductors, artificial intelligence, and other fields.
In November 2021, Hubble Investments has undergone an industrial and commercial transformation, and its business scope has added private equity investment fund management and venture capital fund management services.
Huawei trademark applications for ‘Petal Search’ again got rejected
According to the China Intellectual Property database, Huawei filled registration for several Petal Search trademarks in 2021. Among them, the Huawei Petal Search trademarks with application numbers 52765919 and 52774570 got rejected in China.
The Petal Search is Huawei’s own search engine service similar to Google Search, which was already launched for global users in 2020. Following this, the Chinese tech maker has recently opened the Petal Search engine on the home ground. However, due to some reason, it was closed in less than a day of opening.
The information discloses that after the initial rejection of the Petal Search trademark, Huawei did not accept the rejection and applied for the re-examination of the trademark to the corresponding office.
The trademarks review states that both the Petal Search trademarks contain the word “Petal”, which was also included in the cited trademarks. So, their use in the same services can easily cause confusion among the consumers that’s why it was not approved.
On the other hand, Huawei also failed to submit sufficient evidence that proves or differentiates these new trademarks from citied trademarks. Hence, the trademark applications for Petal Search got rejected again.
Huawei Petal Search engine:
The Petal Search web engine has owns all the services that a search engine has and also provides localized search services based on user search habits. It can accurately food, clothing, housing, and transportation to local users, and users can enjoy a one-stop service from search to shopping.
Based on the application of big data, AI, NLP, and other technologies, Petal Search also provides visual search and voice search functions to achieve accurate identification of search content. The Petal Search serves the extreme needs of the user’s search efficiency and also supports multiple languages to meet the diverse search needs of the users. Also, the users can use different languages to get more accurate information and experiences suited to their features.
Huawei announced its participation at MWC 2022
Huawei has recently announced its participation at Mobile World Congress (MWC) 2022 organized by GSMA. According to information, the MWC 2022 is scheduled to happen between February 28 to March 3, 2022, in Barcelona.
Additionally, Huawei also launched a page dedicated to MWC 2022 on the official website to support the development of the MWC 2022 event. Also, the Chinese tech maker will host the Huawei Day0 conference on February 27, 2022.
The interested users who want to know more about the MWC 2022 and its agenda can register themselves [Register here]. Huawei will collect your process your personal data and provide it through the website to send you MWC 2022 by mail conference attendance reminders and other conference-related information.
Furthermore, Huawei said the global economy and society are fully returning and industry digitization has become a new engine for economic development. The green and low-carbon is the common vision of human society as well as ICT technology is playing an increasingly important role in it.
Looking at the future, Huawei will work with global operators and partners to build a minimalist, green, and intelligent ICT infrastructure, adhere to science and technology for good, and use innovative technologies. The product solutions to make life better, business smarter, and society smarter. To develop a more inclusive, greener world.
Moreover, Huawei sincerely invites you to attend the 2022 Mobile World Congress hosted by the GSMA to discuss industry trends and hot topics with global industry elites and opinion leaders. This is to bring the digital world to everyone, every family, and every organization to build everything Connected intelligent world, lights up the future together.