Domestic Startups Need Funding to Thrive
Huawei is not just any phone-maker. It is a company that was set up to give China indigenous capability in the entire telecom value chain, from developing communications and signalling technologies to designing chips, routers and telecom networks to producing the components that go into setting up a telecom network, besides making handsets. It spends 15-20 per cent of its turnover on R&D. It has been the world’s cheapest provider of telecom gear and rapidly gained market share around the world.