ZTE(中兴通讯)
Fast facts
- Year Founded
- 1997
Source: Qichachawww.qcc.com/cbase/2bcfce7c84d6ffc933f37eef472a0b1c.html
- HQ Location
- Shenzhen, Guangdong, China
- Publicly Traded?
- Yes
Source: Hong Kong Stock Exchangewww.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-QuoteSource: Shenzhen Stock Exchangewww.szse.cn/certificate/individual/index.html
- Overseas Operations
- Yes
ZTE maintains a strong international presence and is widely considered to be a key piece of China’s Belt and Road Initiative (一带一路,“BRI,”). Although ZTE remains a blacklisted company in the United States and the United Kingdom, ZTE’s aspirations include being a key player in 5G network rollout in Europe. ZTE also has a significant base of operations in Southeast Asia, as ZTE is the primary 5G network developer in Myanmar through its collaboration with Ooredoo Myanmar, has developed infrastructure in Cambodia, and also is set to aid in construction a 5G network in Thailand. ZTE has been involved in business transactions in Iran and North Korea, which has significantly impact its potential for expansion into the United States and western Europe based on sanctions.Source: ZTE Website, South China Morning Post, Reuterswww.zte.com.cn/global/about/corporate_informationwww.scmp.com/business/article/2051219/zte-play-integral-role-creating-information-superhighway-connect-one-beltwww.reuters.com/article/us-usa-china-zte/chinas-zte-pleads-guilty-settles-u-s-sanctions-case-for-nearly-900-million-idUSKBN16E1X1
- US Sanctions
- Yes
Source: U.S. Department of Commercewww.commerce.gov/news/press-releases/2018/04/secretary-ross-announces-activation-zte-denial-order-response-repeated
- Military Affiliation in China
- No
Revenue
Source: ZTE 2019 Annual Reportres-www.zte.com.cn/mediares/zte/Investor/20200417/E1.pdf/
Valuation
Valuation is reported as market capitalization. It was converted from HKD using the exchange rate from June 26, 2022 13:48:21.Source: Yahoo Financefinance.yahoo.com/quote/0763.HK/key-statistics
Employees
Source: ZTE 2019 Annual Reportres-www.zte.com.cn/mediares/zte/Investor/20200417/E1.pdf/
Founded in 1985 and based in Shenzhen, China, ZTE Corporation (“ZTE,” “中兴通讯股份有限公司”) is a multinational Chinese telecommunications company. It has three major business divisions in carrier networks, terminals, and telecommunication.
Being a Chinese SOE, ZTE is majority-owned by the Chinese government through related state-owned companies. However, ZTE follows a complex model that is atypical of SOEs where it is “state-owned but privately managed.” In practice, this model means that minority private ownership has the responsibility of managing ZTE and its direction as long as the state is granted a minimum return as well as a few benchmarks for public policy goals.
Source: ZTE Websitewww.zte.com.cn/global/about/corporate_information
-
- Name
- Ownership
-
- ZTC Holdings
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 21.71%
- ZTC Holdings
-
- HKSCC Nominees
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 16.21%
- HKSCC Nominees
-
- Hong Kong Securities Clearing Company Limited (HKSCC)
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 1.89%
- Hong Kong Securities Clearing Company Limited (HKSCC)
-
- Central Huijin Asset Management
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.93%
- Central Huijin Asset Management
-
- Shenzhen Huitong Rongxin Investment
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.93%
- Shenzhen Huitong Rongxin Investment
-
- Shenzhen Investment Holding Win-win Equity Investment Fund Partnership (L.P.)
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.93%
- Shenzhen Investment Holding Win-win Equity Investment Fund Partnership (L.P.)
-
- Hunan Nantian Group Co., Ltd.
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.89%
- Hunan Nantian Group Co., Ltd.
-
- National Social Security Fund 112
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.81%
- National Social Security Fund 112
-
- National Social Security Fund 101
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.77%
- National Social Security Fund 101
-
- Guangdong Hengjian Asset Management – Guangdong Henghui Equity Investment Fund (Limited Partnership)
Source: Qichachawww.qcc.com/firm/2bcfce7c84d6ffc933f37eef472a0b1c.html
- 0.75%
- Guangdong Hengjian Asset Management – Guangdong Henghui Equity Investment Fund (Limited Partnership)
- Li Zixue, Chairman and Executive Director
- Xu Ziyang, President and Executive Director
- Wang Xiyu, Executive Vice President
- Gu Junying, Executive Vice President and Executive Director
- Li Ying, Executive Vice President and Chief Financial Officer Xie Junshi, Executive Vice President and Chief Operating Officer
Source: ZTE Websitewww.zte.com.cn/global/about/Leaders
ZTE maintains a strong international presence and is widely considered to be a key piece of China’s Belt and Road Initiative (一带一路,“BRI,”). Although ZTE remains a blacklisted company in the United States and the United Kingdom, ZTE’s aspirations include being a key player in 5G network rollout in Europe. ZTE also has a significant base of operations in Southeast Asia, as ZTE is the primary 5G network developer in Myanmar through its collaboration with Ooredoo Myanmar, has developed infrastructure in Cambodia, and also is set to aid in construction a 5G network in Thailand. ZTE has been involved in business transactions in Iran and North Korea, which has significantly impact its potential for expansion into the United States and western Europe based on sanctions.
Source: ZTE Website, South China Morning Post, Reuterswww.zte.com.cn/global/about/corporate_informationwww.scmp.com/business/article/2051219/zte-play-integral-role-creating-information-superhighway-connect-one-beltwww.reuters.com/article/us-usa-china-zte/chinas-zte-pleads-guilty-settles-u-s-sanctions-case-for-nearly-900-million-idUSKBN16E1X1
ZTE Sanctions
While at this time it appears that this company is not the subject of any U.S. or other global sanctions, it is important to note that Chinese companies tend to have more opaque organizational structures than their Western peers. Chinese companies' affiliated brands, operating units, and overseas subsidiaries are not always obvious or even identifiable. Given this, a Chinese company may not be the subject of sanctions, but one of its subsidiaries may be, thus making it difficult to accurately ascertain a company's full sanctions status.
ZTE was blacklisted by the United States government in 2017 for violating sanctions against Iran and North Korea. As a result, ZTE paid a USD 892 billion fine for shipping unauthorized technology and equipment to these countries, the largest fine levied against a foreign company to date. The blacklist status of ZTE was lifted temporarily after paying the fine, but in 2018, ZTE was barred from conducting the business in the United States for seven years for making false statements during their investigation and for insufficient internal controls. This ban became a significant factor to trade negotiations between President Trump and Xi Jinping (习近平), where the two countries ultimately reached an agreement to reverse the ban on 11 July 2018, as ZTE agreed to tender additional fines and improve internal controls. Yet ZTE has come under public scrutiny again recently, as on 13 March 2020 the United States Justice Department announced an additional probe against ZTE for possible bribery of foreign officials.
Source: U.S. Department of Commercewww.commerce.gov/news/press-releases/2018/04/secretary-ross-announces-activation-zte-denial-order-response-repeated
ZTE Reputational Disclosures
ZTE has been blacklisted or suspended by several countries for alleged spyware and violation of country sanctions. These allegations date as far in the past as 2009, where ZTE was suspended from Norway for six months for possible unapproved surveillance applications in their equipment.
ZTE has also been cited as a prominent entity in constructing the now-defunct national broadband network for the Philippines. The project was cancelled in 2007 as a result of alleged kickbacks to the former Philippines President Arroyo and her family as well as fees tendered by ZTE that would “aid the administration during the 2007 elections.”
In 2012, it was reported that ZTE received a USD 130.6 million contract to design a telecom surveillance and monitoring system for the Iranian government. The system would be used to track phone calls and messages made by Iranian nationals.
On 10 April 2020, it was reported that non-executive director of ZTE, Bao Yuming (鲍毓明) would step down from his position with ZTE amid an ongoing child sexual abuse investigation. The investigation is ongoing and has caused significant media scrutiny against ZTE and has ignited greater conversation about sexual harassment in China.
Source: Business Insiderwww.businessinsider.com/zte-created-to-spy-according-to-new-court-documents-2018-6Source: Washington Postwww.washingtonpost.com/world/asia_pacific/chinese-company-ensnared-in-kickback-scandal-in-philippines/2012/06/24/gJQAjdYizV_story.htmlSource: Reuterswww.reuters.com/article/us-iran-telecoms/special-report-chinese-firm-helps-iran-spy-on-citizens-idUSBRE82L0B820120322www.reuters.com/article/us-zte-director/prominent-china-lawyer-quits-zte-board-after-media-reports-of-sexual-assault-probe-idUSKCN21S0BF
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The latest news on ZTE from across the web
Casualties of China’s aggression: how Galwan clash marked the beginning of end for Huawei, ZTE
While Chinas expansionist policies have always been a cause of concern for India, the Galwan Valley clash turned out to be the flashpoint. With New Delhi redrawing its policy, Chinese companies have been pushed out of the 5G race in the country. This means that for Huawei and ZTE, the future looks bleak in India.
ZTE’s Shares Skyrocket After Chinese Telecoms Giant Exits US Probation
ZTE’s shares shot up after the Chinese telecom giant confirmed that it had exited a five-year probation period in the United States imposed because of export compliance issues.
Xiaomi censorship issue may spoil firm’s smartphone ambitions
Germany has started investigating Xiaomi’s smartphones, following Lithuania’s findings about the censorship capabilities of the firm’s devices.
China to take counter-measure against Sweden over excluding Huawei, ZTE from 5G rollout
China will “take all necessary measures” to firmly safeguard Chinese firms’ legitimate rights, in response to Sweden’s recent move to exclude China’s Huawei and ZTE from its 5G network rollout, China’s Commerce Ministry said on Thursday.
Sweden Bans Huawei, ZTE From New 5G Infrastructure
Authorities also said equipment from the two Chinese technology giants must be removed from existing infrastructure by 2025
Huawei’s higher 5G tower prices win over China Mobile
Huawei and ZTE together won roughly 90 per cent of 5G base station supply contracts for China Mobile and China Broadcasting Network, signalling continuing challenges for Ericsson and Nokia in the country.
ZTE’s Parent Again Pares Its Stake in the Telecom-Equipment Maker
ZTC Holdings sells $113.5 million worth of its subsidiary’s shares, leaving it with 23.4% of the total
ZTE Puts Company Veteran in Charge of Mobile Devices Business
Ni Fei, who leads the company’s premium handset unit, will leverage opportunities brought by 5G, firm says
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Chinese technology companies are becoming increasingly important and dynamic actors on the world stage, but their growing influence also brings a range of strategic considerations.
ZTE Shares Surge With End in Sight to U.S. Sanctions
Washington says ban cutting off Chinese firm from U.S. suppliers could be lifted after receipt of $400 million
The F.C.C. proposes further restrictions on Chinese telecom equipment.
The agency’s actions are a sign of bipartisan opposition to China’s providers of cutting-edge technology like Huawei and ZTE.
U.S.-China Tech Fight Opens New Front in Ethiopia
A U.S.-backed consortium beat out a Chinese-backed one for a multibillion-dollar contract to build Ethiopia’s 5G-capable network—handing Washington a victory in its push to challenge Beijing’s economic influence around the world.
India grants approval for 5G trials, avoids Chinese firms
The Indian telecom ministry on Tuesday said it has granted several telecom service providers permission to conduct a six-month trial for the use and application of 5G technology in the country. New Delhi has granted approval to over a dozen firms spanning multiple nationalities — excluding China. Among the telecom operators that have received the […]
Eswatini decides not to block Chinese telecoms firms Huawei and ZTE
Eswatini has backed out of its plan to join the US’ anti-China ‘Clean Network’ campaign.
Huawei and China frozen out in Sweden after appeals court upholds 5G ban
Chinese firms Huawei and ZTE excluded from 5G networks on security grounds, while polls rank human rights and democracy as top priorities in dealing with China.
U.S. vs. China in 5G: The Battle Isn’t Even Close
China is leading the way in the size and consistency of its 5G network.
Australia lashes out at China’s barley duties at WTO
Australia hit out at China’s anti-dumping duties on its barley exports at the World Trade Organization (WTO) this week, in yet another chapter of the two nations’ fraying ties.
China urges Sweden to reverse its Huawei, ZTE ban to avoid harming its companies
Sweden should reverse its ban on Chinese telecommunications companies Huawei [HWT.UL] and ZTE from a planned 5G spectrum auction to avoid a "negative impact" on its own companies, said China's foreign ministry.
U.S. to Offer Loans to Lure Developing Countries Away From Chinese Telecom Gear
The U.S. government is embarking on a push to persuade developing countries to shun Chinese telecommunications equipment, offering financial assistance to use alternatives that Washington says are safer and have fewer strings attached.
U.S. rural telecom networks need $1.8 billion to remove Huawei, ZTE equipment - FCC
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ZTE shares sink 23% after news of US bribery investigation · TechNode
ZTE said that it had not yet been notified by the US government of the investigation and that the company is still 'in normal operation.'
DOJ now investigating Chinese telecom giant ZTE for alleged bribery
ZTE pleaded guilty three years ago to violating U.S. sanctions against Iran and North Korea and just ended its probation period.
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The attorney general said Chinese companies were winning the fight for the next generation of telecom networks, posing both an economic and national security threat.
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China's Communist Party has ordered all state offices to remove foreign hardware and software within three years, the Financial Times reports.
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China's ZTE follows Huawei with Brussels cybersecurity lab
China's ZTE opened a cybersecurity lab in Brussels on Wednesday, aiming to boost transparency four months after bigger telecoms equipment rival Huawei did the same to allay concerns about spying.
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UC Berkeley bans new research projects with Huawei after US indictments
The directive halting new funding or gifts by Huawei took effect on January 30, two days after the US filed criminal charges against the telecoms equipment maker.
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Oxford University suspends donor ties with tech giant Huawei
New research grants and donations from the company on hold for at least three months.
US lawmakers seek ban on chip sales to China’s Huawei and ZTE
The bipartisan bills target firms supposedly in breach of US sanctions, and specifically cite Huawei and ZTE. Republican Senator Tom Cotton branded Huawei ‘an intelligence-gathering arm of the Chinese Communist Party’.
Czech prime minister hits back at Chinese Huawei claims
Andrej Babiš says he ‘does not know what ambassador is talking about’ after embassy says he told diplomats that ban on Huawei and ZTE equipment was a mistake.
UK defence secretary voices ‘grave, very deep concerns’ on Huawei
Britain’s defence secretary echoes the US with ‘grave, very deep concerns’ about Huawei
Japan effectively bans China’s Huawei and ZTE from government contracts, joining U.S.
The new rules tightening cybersecurity do not mention the Chinese companies by name, but Beijing is already protesting.
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Japan government to halt buying Huawei, ZTE equipment: sources
Japan plans to ban government purchases of equipment from China's Huawei Technologies Co Ltd and ZTE Corp to beef up its defenses against intelligence leaks and cyber attacks, sources told Reuters.
Washington Asks Allies to Drop Huawei
The U.S. government has launched an outreach campaign to foreign allies to persuade wireless and internet providers to shun telecom equipment from China’s Huawei.
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Huawei says it’s 'surprised' by report that US is pushing more foreign allies to blacklist its network services
China Integrated Circuit Industry Investment Fund Acquires Stake In Chinese Chipmaker Rockchip
Chinese semiconductor maker Rockchip has received investment from several government funds and venture capital firms, including state-backed China ... China Integrated Circuit Industry Investment Fund, Google, Microsoft, Rockchip, Summitview Capital, ZTE
U.S. Adopts New Battle Plan to Fight China’s Theft of Trade Secrets
The Trump administration is broadening its China trade battle beyond tariffs with a plan to use export controls, indictments and other tools to counter the theft of intellectual property.
The 5G Race: China and U.S. Battle to Control World’s Fastest Wireless Internet
A new wireless era promises to transform how people use the internet, and two countries are fighting over who dominate. At stake are billions of dollars in royalties, a head start in developing new technologies and national security.
Trump wants to just tariff the hell out of China – TechCrunch
Another day, another whopper of a tariff. The Trump administration has been busy finalizing the rulemaking process to put 25 percent tariffs on $200 billion of Chinese goods, which will almost certainly affect the prices of many critical technology components and have on-going repercussions for Silicon Valley supply chains. That followed the implementation of tariffs […]
Australia’s new foreign minister supports blocking Chinese telcos
Australia’s new foreign minister Marise Payne supports blocking Chinese telcos from 5G network, citing national security
Huawei and ZTE handed 5G network ban in Australia
National security concerns are reportedly the reason the companies have been stopped from providing kit.
Huawei: Australia just banned us from selling 5G tech
Chinese tech company Huawei says the Australian government has blocked it from providing 5G technology for the country's wireless networks.
Republicans Bow to White House on Chinese Telecom Firm ZTE (Published 2018)
A pending bill no longer contains the toughest restrictions on a Chinese telecom firm, after the Trump administration persuaded congressional leaders to soften their penalties.
ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain
Investors on Monday cheered the lifting of a U.S. supplier ban on China's ZTE Corp , pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business.
U.S. Lifts Ban on China's ZTE After $1.4 Billion Penalty
The U.S. Commerce Department has lifted the ban on American firms selling products to China’s ZTE Corp., removing the final hurdle for the company to start rebuilding its business.
China's ZTE Expects Up to $1.3 Billion in First-Half Losses
Chinese telecommunications giant ZTE Corp. said it could report a loss of as much as 9 billion yuan ($1.3 billion) for the first half of the year after sanctions imposed by the U.S. crippled its operations.
Senators push to block Trump's ZTE deal in final defense bill
A bipartisan group of senators is urging negotiators on Capitol Hill to retain a provision in the annual defense policy bill that would block President Trump’s deal to save Chinese telecommunications
ZTE allowed to resume business as US temporarily lifts ban
The Chinese telecoms giant is allowed to resume doing business with its American suppliers until August 1.
China's ZTE shakes up board in bid for US ban lift
The management overhaul was among the conditions laid out in the settlement deal to have the ban lifted.
China's No.2 telecommunications maker, ZTE, still in limbo over US ban
The U.S. Department of Commerce still has not worked out the details necessary for lifting the ban on one of China's major telecommunications company, ZTE, even though an official last week said the final steps would be taken in a "couple of days."
US House backs defence budget of US$675 billion and ZTE and Huawei ban
The 359-49 vote sends the bill to the US Senate, where the Appropriations Committee approved a similar measure this week.
Opinion | The Coming Tech Battle With China (Published 2018)
China’s push to dominate the tech industry globally is drawing resistance from the U.S., and that has markets bracing for a techno trade war.
ZTE’s Near-Collapse May Be China’s Sputnik Moment (Published 2018)
The tech giant’s experience made many people in China see how far the country still has to go. “We realized that China’s prosperity was built on sand.”
White House's Navarro says 'three strikes you're out' for ZTE
Chinese technology company ZTE Corp will be "shut down" in the United States if it engages in one more bad activity, White House trade adviser Peter Navarro warned on Sunday.
After Helping ZTE, China Warns Firms Not to Be ‘Giant Babies’
China has a lesson for the nation’s companies: don’t get into the habit of relying on the government for a rescue when you run into trouble.
What Is ZTE? A Chinese Geopolitical Pawn That Trump Wants to Rescue. (Published 2018)
A deal announced by the Trump administration makes ZTE, a Chinese electronics maker, a focal point of U.S.-Chinese trade relations.
Trump Strikes Deal to Save China’s ZTE as North Korea Meeting Looms (Published 2018)
The Chinese telecommunications company has been at the center of a wide-ranging and complex trade dispute between Washington and Beijing.
Trump Is Saving China's ZTE for Some Reason and Congress Can't Do Jack Shit About It
Chinese telecom ZTE faced almost certain death after the Department of Commerce slapped it with a seven-year ban on purchasing or using parts from US manufacturers earlier this year amid allegations it violated sanctions on North Korea and Iran. In May, the company ceased business operations—only to soon be brought…
Skepticism and backlash follow US deal with China's ZTE
Experts questioned how the deal will work, and some members of Congress vowed to try to block it.
ZTE hired Trump’s ex-campaign staff as lobbyist; 2 weeks later a deal came
ZTE hired Trump campaign veteran one day after US president said he might help the company out; two weeks later, a deal was announced
Exclusive: U.S. may soon claim up to $1.7 billion penalty from China's ZTE - sources
The Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp , as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter.
MSCI drops ZTE, four other companies from MSCI China A Inclusion Index
Telecom equipment and smartphone maker ZTE Corp and four other companies have been dropped from several MSCI indexes including the MSCI China A Inclusion Index as trading in the China-listed A shares of all five companies has been suspended.
Trump’s Charm and Threats May Not Be Working on China. Here’s Why. (Published 2018)
President Trump threatened tariffs on $150 billion in goods, then tried conciliation. Beijing’s response either way: Rebuff the offers and avoid specific pledges.
China's ZTE fires back over US ban: 'We cannot accept it'
ZTE has lashed out at the US government's move to prevent it from buying technology from American companies.
U.S. ban on sales to China's ZTE opens fresh front as tensions escalate
The United States has banned American firms from selling parts and software to China's ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world's two largest economies.
