Chinese Companies Increase Cybersecurity Patent Holdings, Huawei Reports Revenue Growth and Breakthrough in Chip Technology

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 a 2.4% increase in revenue and a rise in profit. Huawei's breakthrough in chip technology has led to a surge in net profit and a surge in smartphone sales.