Chinese automobile manufacturer Great Wall Motors is reportedly planning to shift portions of its $1 billion investment in India to Brazil, according to three sources cited by Reuters in a recent report.
China’s second-largest short video app Kuaishou is investing extensively in Brazil and Southeast Asia to expand its overseas market, aiming to increase its share amid competition with TikTok.
Following US sanctions against Huawei in September and the recent UK bans against installation of Huawei equipment in the country’s 5G network development