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Chinese tech heavyweight ByteDance is in early discussions with Reliance Industries Limit to back TikTok's business in the country, in a move to potentially save the popular video app's fate in its biggest market overseas, according to media portal TechCrunch.
Chinese tech giant Huawei Technologies Co Ltd is also gearing up its expansion of 5G development in overseas markets. Huawei has partnered with Germany's Deutsche Telekom, announcing Europe's first 5G connection based on the latest 3rd Generation Partnership Project standard in September this year.

Claire Messud
Chinese tech giant Huawei Technologies Co has said that it expects to win 5G network contracts in Germany, which would mark the latest vote of confidence from foreign telecom carriers despite security allegations the company faces in some overseas markets.
Chinese spending this year has been directed at filling the hole in domestic demand related to the COVID-19 pandemic lockdown, but the scale of this thrust, at 3 percent of gross domestic product, is very modest compared with what took place in 2008, as well as what is currently occurring in all other major economies, according to the report.
来源:资阳报