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Switching to restrict Huawei in the US is unlikely to affect Alibaba, Tencent



President Donald Trump spoke at the 38th Annual National Peace Officers Memorial Service at Capitol Hill in Washington, May 15, 2019.

Carlos Barria | Reuters

Internet giants in China such as Alibaba and Tencent are unlikely to target in the same way as the telecommunications giant HUAWEI amid rising trade tensions between Beijing and Washington, an analyst said on CNBC on Thursday.

First and foremost, the destruction of US-China relations is likely to hurt Chinese companies competing with American companies, according to Gil Luria, research director at DA Davidson.

"The focus on Huawei appears to be motivated by concerns about being secretive and intellectual property, but Huawei is a major competitor to many telecom equipment companies," Luria said on CNBC .

"Chinese domestic-focused companies such as Alibaba and Tencent are more likely to be directly targeted," he said, adding that US sales were worthless and the outgoing Chairman Jack Ma made a "great job of positioning himself as friendly in the US."

However, he said, firms did not escape the secondary effects of a slowing Chinese economy ̵

1; being partially pressured into by increased American tariffs.

& # 39; Implements & # 39; [19659009] US President Donald Trump announced on Wednesday a national emergency in threatening American technology by signing an executive order allowing officials to block transactions involving information or communication technology "and even Baidu, may be saved from tight restrictions on doing business in the US, other Chinese information technology companies may suffer.

" The range of order is possible has a major impact and can affect many Chinese mainland manufacturers of telecommunications equipment as well as communications service providers, "said Rajiv Biswas, Asia Pacific's chief economist at global data provider IHS Markit. [19659012] <! – ->

The latest multiplier of technology wars between the two largest economies of the world is reflected in May 10's decision by the US Federal Communications Commission to deny an application of China Mobile to provide US communications services to nationals security basis Biswas said.

Following the executive order, the US Department of Commerce said it will add Huawei and its affiliates to the Bureau of Industry and Security (BIS) Entities List, which will be more difficult for the Chinese telecom giant

Wednesday's move from Trump's administration is a "tremendous increase in China as the smallest drop in hopes of ongoing negotiation negotiations in doubt," Paul Triolo, chief of geo-technology practice in political consulting Eurasia Group, write a note. "Unless handled carefully, this situation is likely to put US and Chinese companies into new danger."

Huawei's network of customers worldwide can be hit if the US fully implements its transfer against Chinese companies because the company is "unable to upgrade software and perform regularly maintenance and hardware replacement "as it will no longer have access to US suppliers, according to Triolo.

Biswas agreed, saying that events are increasing in uncertainty about "long-term effects" for non-Chinese communications companies that use parts made by Huawei and other providers of China's network equipment.

"President Trump's executive order may also have wider geopolitical influences for major US allies, such as the UK and other Western European countries that consent to the use of Chinese communication equipment with their 5G rollouts, "he added.

For its part, the US is trying to convince allies to prohibit Huawei from participating in their plans for the next generation of high-speed mobile internet known as 5G. Washington said Huawei's risk technologies potentially allow Chinese intelligence through high-speed networks – but Huawei said security concerns were unfounded. Today, European countries have fought such calls from Washington but additional restrictions may encourage international carriers to "immediately begin contingency plans," said Triolo.

While hopefully for Beijing to repay some countermeasures against the US communications company to show a hard-standing settlement of affairs, Biswas said that the wider "US-China warfare was it is likely to be longer than trade war, as it focuses on the concerns of the US national security that is not easily resolved. "

– CNBC & # 39; s contributed Tucker Higgins in this report.

Correction: This article has been updated to show that Jack Ma is appearing chairman of Alibaba.


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