Huawei and Tencent Increase Global Patent Holdings, Report Modest Revenue Growth

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 also 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. The growth was attributed to the company's digital power and cloud businesses, as well as the competitiveness of its vehicle components unit.