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Chinese companies, including Huawei and Tencent, have increased global patent holdings in cybersecurity technology, surpassing the U.S. as the top patent holder. Huawei's CEO, Yu Chengdong, has used the term 'Far Ahead' to describe the tech gap between Huawei and its competitors. Huawei reported modest revenue growth, attributed to its digital power, cloud, and auto parts businesses, with smartphone sales surging in the third quarter.

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