CooTek, a fast-growing Chinese app developer listed on the NYSE under the ticker “CTK”, is having dozens of its products pulled from Google’s Play Store and ad platforms.
Following the US government ban, tech giants like Google and Facebook continue to block Huawei’s technology. To tackle this, Huawei has opted to make a pro-consumer move by launching a full refund program for Huawei’s smartphones and tablets.
After the US Commerce Department, Bureau of Industry and Security (BIS) added Huawei Technologies Co., Ltd. (Huawei) and 68 affiliated companies located in 26 countries to the “Entity List”, the Chinese technology giant was forced to break commercial ties with multiple partners, Google among the most important ones.
Research from brand equity experts BrandZ—by WPP and Kantar—reveals the “Brand Power” of leading Chinese brands is up 15 percent year-on-year, compared with 5 percent growth last year.