A growing number of Chinese companies are throwing their support behind Huawei Technologies following the recent arrest of its chief financial officer in Canada, taking such steps as offering subsidies for staff who buy the telecom equipment maker’s smartphones. From a report: Many Chinese businesses have told employees they will receive subsidies if they buy Huawei smartphones to aid the company. Most are subsidizing 10% to 20% of the purchase price, with some even covering the full amount. Over 20 Chinese companies also took to social media to announce that they will increase purchases of other Huawei products, such as its business management system.
The show of support has been broad, from information technology providers to food companies. A regional government official said that several hundred businesses were conducting such programs nationwide. Electronics maker Shanghai Youluoke Electronic and Technology is fully subsidizing up to two Huawei smartphones per employee, while display equipment maker Shenzhen Yidaheng Technology will cover 18% of the price for Huawei or ZTE units. Fuchun Technology, a communications service company listed on Shenzhen Stock Exchange announced on social media on Dec. 11 that it would give each of its 200 employees who buy Huawei’s smartphone before the end of 2018 between 100 and 500 yuan ($14.5 to $72.5).
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