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Chinese companies like Huawei and Tencent have increased global cybersecurity patent holdings, 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 in the first three quarters of 2023, with a focus on digital power, cloud, and auto parts businesses, and a surge in smartphone sales.

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