Chinese Companies Increase Cybersecurity Patent Holdings, Huawei Applies for Trademark 'Far Ahead'

Chinese companies, including Huawei and Tencent, have increased their global patent holdings in the cybersecurity technology sector, surpassing the U.S. as the top patent holder. Huawei has applied to register the trademark 'Far Ahead' in the fields of transportation tools and scientific instruments. Huawei reported modest revenue growth for the first three quarters of 2023, with growth in its digital power and cloud businesses.