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The Mate X is Huawei’s 5G foldable

The world’s fastest growing mobile company has long had a chip on its shoulder when it comes to Apple and Samsung. For too long, the company has had to go out of its way to remind the world that it’s capable of being every bit as innovative as those better established brands, a concept very much at the heart of the Mate X.

The device lives right at the cross section of the year’s biggest forward looking trends — foldables and 5G, and unlike some of the concepts we’ve seen to date, the product does so with panache.

It is, of course, a bit of a wild west when it comes to form factors for the burgeoning foldable space. In a quick, behind the scenes briefing ahead of today’s press conference at MWC, we were given the opportunity to see the handset in action. It was, admittedly, a little more rushed than we’d like, involving no actual hands on time with the product — it was more of a stand behind this rope and snap off a couple of photos situation.

No touching, no followup questions. The company promised to shed more light on the product today, as Richard You takes the stage, but for now, it appears to be the kind of cautious presentation one gives involving a device that isn’t quite ready to be put through its paces. Even so, it’s a heck of a lot closer and with much better lighting than we got the first time Samsung showed off its own entry.

And from these early glimpses, I’m mostly impressed with what the Chinese manufacturer was able to do here. Huawei’s brought some clever touches to the product category, and designed what looks to be a pretty slick devices from most angles.

The device is thin, as far as tablets go, at 5.4 mm, unfolded. Closed, it’s nearly double that, at 11 mm. Not thin, exactly, but still a heck of a lot easier to slip into your pants pockets than the 17mm Galaxy Fold.

More impressive is what the company’s been able to do with its displays. The screen is very much the thing on these products, and yet the Fold’s outside screen only measures 4.6 inches. The Mate X, meanwhile, sports a pair of outward-facing displays, the larger of which measures 6.6 inches at 2480 x 1148 pixels, with a 19:5 aspect ration.

The flip side is 6.38 inches, allowing for space for the camera bar — a chin that folds over to meet the display. The system features a Leica lens and the design is such that photo subjects can see themselves on the outward-facing display as a shot is taken. On the device’s side is a combo fingerprint reader/power button.

Unfolded using the proprietary “Falcon Wing” hinge (three years in the making, according to mobile CEO Richard Yu), the inside screen is a full eight inches. That’s certainly enough room to have a pair of apps open, side by side. While we didn’t get closer than a few feet away, the vantage point was enough to spot a visible crease in the middle of the phone, detectable when it caught the overhead lights.

The other key part here is, naturally, the 5G. Huawei, of course, manufacturers its own 5G network gear, which means that, unlike most of the competition, it’s been able to speed test. The company calls the Mate X “the world’s fastest 5G phone” — words that admittedly don’t mean a heck of a lot, at the moment. That said, it’s promising download speeds of “up to 4.6 Gbps, which should translate to a 1GB movie download in three seconds.

Inside are a pair of batteries that add up to 4,500mAh – you’re going to need something beefy inside to deal with all of those screens and 5G, which is a notable battery drainer. The company’s Kirin 980 processor is also on board for the device.

Update: The handset will be available mid-year, priced at, get this, $2,600

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Global smartphone growth stalled in Q4, up just 1.2% for the full year: Gartner

Gartner’s smartphone market share data for the just gone holiday quarter highlights the challenge for device makers going into the world’s biggest mobile trade show, which kicks off in Barcelona next week: The analyst’s data shows global smartphone sales stalled in Q4 2018, with growth of just 0.1 percent over 2017’s holiday quarter, and 408.4 million units shipped.

tl;dr: high-end handset buyers decided not to bother upgrading their shiny slabs of touch-sensitive glass.

Gartner says Apple recorded its worst quarterly decline (11.8 percent) since Q1 2016, though the iPhone maker retained its second place position with 15.8 percent market share behind market leader Samsung (17.3 percent). Last month the company warned investors to expect reduced revenue for its fiscal Q1 — and went on to report iPhone sales down 15 percent year over year.

The South Korean mobile maker also lost share year over year (declining around 5 percent), with Gartner noting that high-end devices such as the Galaxy S9, S9+ and Note 9 struggled to drive growth, even as Chinese rivals ate into its mid-tier share.

Huawei was one of the Android rivals causing a headache for Samsung. It bucked the declining share trend of major vendors to close the gap on Apple from its third-placed slot — selling more than 60 million smartphones in the holiday quarter and expanding its share from 10.8 percent in Q4 2017 to 14.8 percent.

Gartner has dubbed 2018 “the year of Huawei,” saying it achieved the top growth of the top five global smartphone vendors and grew throughout the year.

This growth was not just in Huawei “strongholds” of China and Europe, but also in Asia/Pacific, Latin America and the Middle East, via continued investment in those regions, the analyst noted. Its expanded mid-tier Honor series helped the company exploit growth opportunities in the second half of the year, “especially in emerging markets.”

By contrast, Apple’s double-digit decline made it the worst performer of the holiday quarter among the top five global smartphone vendors, with Gartner saying iPhone demand weakened in most regions, except North America and mature Asia/Pacific.

It said iPhone sales declined most in Greater China, where it found Apple’s market share dropped to 8.8 percent in Q4 (down from 14.6 percent in the corresponding quarter of 2017). For 2018 as a whole iPhone sales were down 2.7 percent, to just over 209 million units, it added.

“Apple has to deal not only with buyers delaying upgrades as they wait for more innovative smartphones. It also continues to face compelling high-price and midprice smartphone alternatives from Chinese vendors. Both these challenges limit Apple’s unit sales growth prospects,” said Gartner’s Anshul Gupta, senior research director, in a statement.

“Demand for entry-level and midprice smartphones remained strong across markets, but demand for high-end smartphones continued to slow in the fourth quarter of 2018. Slowing incremental innovation at the high end, coupled with price increases, deterred replacement decisions for high-end smartphones,” he added.

Further down the smartphone leaderboard, Chinese OEM, Oppo, grew its global smartphone market share in Q4 to bump Chinese upstart, Xiaomi, and bag fourth place — taking 7.7 percent versus Xiaomi’s 6.8 percent for the holiday quarter.

The latter had a generally flat Q4, with just a slight decline in units shipped, according to Gartner’s data — underlining Xiaomi’s motivations for teasing a dual folding smartphone.

Because, well, with eye-catching innovation stalled among the usual suspects (who’re nonetheless raising high-end handset prices), there’s at least an opportunity for buccaneering underdogs to smash through, grab attention and poach bored consumers.

Or that’s the theory. Consumer interest in “foldables” very much remains to be tested.

In 2018 as a whole, the analyst says global sales of smartphones to end users grew by 1.2 percent year over year, with 1.6 billion units shipped.

The worst declines of the year were in North America, mature Asia/Pacific and Greater China (6.8 percent, 3.4 percent and 3.0 percent, respectively), it added.

“In mature markets, demand for smartphones largely relies on the appeal of flagship smartphones from the top three brands — Samsung, Apple and Huawei — and two of them recorded declines in 2018,” noted Gupta.

Overall, smartphone market leader Samsung took 19.0 percent market share in 2018, down from 20.9 percent in 2017; second-placed Apple took 13.4 percent (down from 14.0 percent in 2017); third-placed Huawei took 13.0 percent (up from 9.8 percent the year before); while Xiaomi, in fourth, took a 7.9 percent share (up from 5.8 percent); and Oppo came in fifth with 7.6 percent (up from 7.3 percent).

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Sub-brands are the new weapon in China’s smartphone war

One of China’s top smartphone brands Vivo appears to have joined its fellows Oppo, Huawei and Xiaomi in setting up a new sub-brand as a softening market and heightened competition at home drive players to venture upon their original reach.

A new smartphone brand called iQoo made its debut on Weibo, China’s answer to Twitter, on Tuesday by greeting in English: “Hello, this is iQoo.” It also playfully encouraged people to guess how its name is pronounced, as the spelling doesn’t resonate with either Chinese or English speakers. Vivo immediately reposted iQoo’s message, calling iQoo a “new friend.”

Vivo has not further revealed its ties with iQoo, although the latter’s Weibo account is verified under Vivo’s corporate name. TechCrunch has contacted Vivo and will update the story when we have more information.

vivo iqoo

Screenshot of iQoo’s first Weibo post

Sub-brands have become a popular tactic for Chinese smartphone makers to lure new demographics without undermining and muddling their existing brand reputation. As the third-ranked player by shipments in 2018 according to research firm Counterpoint, Vivo is the only one in China’s top five smartphone companies without a subsidiary brand.

“Sub-brands can help fill the gap in parent companies,” Counterpoint’s research director James Yan told TechCrunch. “I think iQoo is a brand born for the gaming market, the online sales channel, or young consumers, similar to what Honor did to Huawei.”

Huawei cemented its top spot with solid growth in shipments last year by playing a two-pronged strategy. Its sub-brand Honor has its eyes on the mid-range and Huawei stays at the top end. Vivo’s sibling Oppo, which falls under the same electronics manufacturing outfit BBK, came up with an exclusively online brand Realme in 2018 to go after Xiaomi’s Redmi in India’s burgeoning smartphone market. Xiaomi pressed on by launching Poco for India’s high-tier market. To further solidify its multi-faceted approach, Redmi shed the Xiaomi branding in January to start operating as an independent brand focusing on cost efficiency.

These moves arrived as years of breakneck growth in China’s smartphone space comes to an end. Overall smartphone sales contracted 11 percent in 2018 according to Counterpoint, as users become more pragmatic and less likely to upgrade their handsets. Local players reacted swiftly by going global and introducing headline-grabbing features like Xiaomi’s folding screen and Honor’s pole-punch display, putting a squeeze on global players Apple and Samsung. In 2018, Huawei shored up a 25 percent market share to take the crown. Trailing behind was Oppo, Vivo, Xiaomi and Apple . Samsung plunged 67 percnet to take seventh place.

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New figures highlight the iPhone’s rough quarter in China

When Apple issued revised guidance for its quarterly earnings last month, the company singled out China as a primary driver for its disappointing result. Sure enough, iPhone revenue declined 15 percent year over year, and now IDC’s got some more insight into the role the Chinese market may have played in that decline.

New figures out this week show right around a 20 percent dip in shipments in China y-o-y for the quarter. That’s a pretty dramatic drop for a market that’s been a key factor in Apple’s growth plans, going forward. That marks a drop from 12.9 to 11.5 percent of the market. Last month, Tim Cook highlighted some of the reasons for the drop in the world’s largest smartphone market.

Among the reasons cited are international trade tensions and an overall slowing Chinese economy. Of course, Apple’s not alone in seeing a decline. Smartphone shipments are down almost across the board, owing to slower upgrade cycles. Most phones are already pretty good, so people are holding onto them for longer. It’s also worth noting that this year’s XS didn’t mark as dramatic an upgrade as its predecessor. 

Tellingly, however, a number of native smartphone makers are up in the country, including, notably, Huawei, which saw a 23.3 percent uptick for the quarter, suggesting that the ascendant company ate into Apple’s market share.

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Huawei ‘disappointed,’ denies charges

The long-simmering battle between the U.S. government and Huawei heated up last night when the U.S. DOJ announced that it is pursuing criminal charges against the Chinese hardware maker.

Huawei has, unsurprisingly, denied all wrongdoing, issuing a statement to the press that wonders aloud why it wasn’t given the opportunity to help clear itself of charges following the arrest of its CFO in Vancouver.

The company writes:

Huawei is disappointed to learn of the charges brought against the company today. company  After Ms. Meng’s arrest, the Company sought an opportunity to discuss the Eastern District of New York investigation with the Justice Department, but the request was rejected without explanation. The allegations in the Western District of Washington trade secret indictment were already the subject of a civil suit that was settled by the parties after a Seattle jury found neither damages nor willful and malicious conduct on the trade secret claim. The Company denies that it or its subsidiary or affiliate have committed any of the asserted violations of U.S. law set forth in each of the indictments, is not aware of any wrongdoing by Ms. Meng, and believes the U.S. courts will ultimately reach the same conclusion.

The Chinese government has also been quick to come to the embattled tech giant’s defense.

“For some time now, the United States has deployed its state power to smear and crack down on targeted Chinese companies in an attempt to kill their normal and legal business operations,” Geng Shuang, a spokesperson for China’s Foreign Ministry, said in a statement. “We strongly urge the US to stop its unreasonable crackdown on Chinese companies, including Huawei, and treat Chinese companies objectively and fairly.”

Huawei (and to a lesser extent ZTE) has long been targeted by the U.S. over its alleged ties to the Chinese government. Tensions have made it all but impossible for the rapidly growing company to conquer the North American market.

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Vodafone pauses Huawei network supply purchases in Europe

Huawei had a very good 2018, and it’s likely to have a very good 2019, as well. But there’s one little thing that keeps putting a damper on the hardware maker’s global expansion plans. The U.S. and Canada have already taken action over the company’s perceived link to the Chinese government, and now Vodafone is following suit over concerns that other countries may join. 

The U.K.-based telecom giant announced this week that it’s enacting a temporary halt on purchases from the Chinese hardware maker. The move arrives out of concern that additional countries may ban Huawei products, putting the world’s second largest carrier in a tricky spot as it works to roll out 5G networks across the globe.

For now, the move is focused on European markets. As The Wall Street Journal notes, there remains some possibility that Vodafone could go forward with Huawei networking gear in other markets, including India, Turkey and parts of Africa. In Europe, however, these delays could ultimately work to raise the price and/or delay its planned 5G push.

“We have decided to pause further Huawei in our core whilst we engage with the various agencies and governments and Huawei just to finalize the situation, of which I feel Huawei is really open and working hard,” Vodafone CEO Nick Read said in a statement.

Huawei has continued to deny all allegations related to Chinese government spying.

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Huawei aims for top smartphone spot, with or without the US market

Last year, Huawei marked a notable bright spot in an otherwise flagging smartphone market. It was a remarkable rise for the handset maker, given the slowing pace of sales in China, not to mention the handset maker’s tenuous relationships with the U.S. and Canadian governments.

Reuters notes a 50 percent jump in revenue in 2018, courtesy of a wide range of consumer and telecom products. As Samsung and Apple reckon with their own futures in the smartphone space, Huawei believes it has a reasonable chance of nabbing the No. 1 spot in global sales in spite of ongoing spying concerns.

“Even without the U.S. market we will be number one [smartphone maker] in the world,” Huawei Consumer CEO Richard Yu told the service. “I believe at the earliest this year, and next year at the latest.”

The company offered a glimpse into its own 5G plans this week, including a new modem and a chipset, the latter of which is expected to be employed by a foldable smartphone it plans to unveil next month at Mobile World Congress.

Huawei certainly has momentum on its side. The company is also clearly doing something right as it’s been able to buck economic depression, slower upgrade cycles and other factors that have led to a worldwide smartphone slump.

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Huawei Honor’s smartphone with a hole-punch display is real

Honor officially launched the Honor View 20 today in Paris. Honor is Huawei’s sub-brand for mid-range phones. And the View 20 doesn’t look like your average smartphone — the company traded the notch for a hole-punch display.

Honor thinks this design isn’t as intrusive as a centered notch. And rumor has it that Samsung could also put a hole-punch display into the Samsung Galaxy S10.

I played with the Honor View 20 for a bit of time, and it definitely feels different from an iPhone X-style notch. Let’s start with the little details that annoy me. The 4.5mm cutout for the selfie camera isn’t exactly in the corner of the device and it looks a bit weird with a standard Android menu. Somehow, I want the cutout to be vertically centered — it’s not.

And yet, when you look at photos and videos, it looks great. After a few minutes, you barely notice it. It feels like yet another icon in the notification area while the rest is just s-c-r-e-e-n. I hope more companies are going to follow this trend.

The device features a gigantic 6.4-inch LCD display with rounded corners — I’ve been using OLED displays for a couple of years, and it’s hard to look at LCD displays again. It’s nearly as big as an iPhone XS Max. While you can’t find a bezel at the top of the device, the View 20 still has a chin — a small bezel at the bottom of the device.

Unlike Huawei’s P20 Pro, the company has moved the fingerprint sensor to the back of the device. It has two cameras on the back — a 48 megapixel Sony IMX596 sensor as well as a second, cheap sensor to detect objects in 3D and add background blur using software features.

Huawei/Honor has updated its system-on-a-chip. The company has been working on its own chips instead of working with Qualcomm or Samsung. The result is a new Kirin 980 system-on-a-chip. Like Apple’s A12 Bionic, the company now uses a 7nm manufacturing process. The phone has a 4,000 mAh battery.

It comes in four colors — Midnight Black, Sapphire Blue, Phantom Red and Phantom Blue. As you can see in the photos, the company is still setting its phones apart from the competition thanks to colorful backs with mesmerizing reflections. This time, the Honor View 20 has a V-shaped pattern on the back. Unfortunately, it attracts fingerprints like crazy.

The Honor View 20 is going to be available starting tomorrow for €569/£499 for 6GB of RAM and 128GB of storage, or €649/£579 for 8GB of RAM and 256GB of storage. As usual, Huawei/Honor focuses on Asia and Europe.

But the best part about this new phone is that you get an exclusive character skin for Fortnite when you buy it. What else do you need from a phone?

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US will reportedly seek criminal case against Huawei for stealing tech secrets

According to a new report from The Wall Street Journal, U.S. federal prosecutors are preparing a criminal indictment against Huawei for stealing trade secrets. The report, which cites sources with knowledge of the indictment, specifically mentions Huawei’s actions surrounding a T-Mobile smartphone testing tool known as “Tappy.” The report notes that the current investigation is far enough along that an indictment may come soon.

This isn’t the first we’ve heard of Tappy. In 2014, T-Mobile sued Huawei for allegedly gaining access to a company lab outside of Seattle and photographing and attempting to steal parts of the robotic smartphone testing device. In May 2017, T-Mobile won $4.8 million against Huawei, only a fraction of the $500 million the U.S. mobile carrier sought. The current federal criminal investigation reportedly arose from that civil suit.

The Chinese phone maker has faced increased scrutiny, escalating to open hostility from U.S. agencies and lawmakers who believe that Huawei poses a security threat due to its close relationship with the Chinese government. The tension escalated considerably last December, when Canada arrested Huawei CFO Meng Wanzhou at the request of the U.S. Meng was charged with fraud for deceptive practices that allowed the Chinese company to avoid U.S. sanctions against Iran.

Huawei, now the world’s number two smartphone maker, trails only Samsung when it comes to mobile device sales, beating Apple for the second slot in late 2018.

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Geoengineering could solve our climate problems if anyone allowed it

This weekend, I finished reading Oliver Morton’s The Planet Remade (thanks to reader Eliot Peper for recommending it). Morton has a multitude of goals with the book, but there were two I think are deeply valuable. First, geoengineering is a plausible approach to solving our climate problems this century, and second, engineering the climate generates tough policy challenges, but also opportunities to make the planet more equitable.

TechCrunch is experimenting with new content forms. This is a rough draft of something new — provide your feedback directly to the author (Danny at danny@techcrunch.com) if you like or hate something here.

First and foremost: the book is mind-expanding in the best way possible. Morton confronts an extremely contentious issue with judicious facts and supreme insight gleaned over many years of studying geoengineering. Whether you are a dedicated acolyte of cloud seeding and veils or a committed opponent to any tampering of earth’s environment, he has developed a book that forces us to think about our actions and ultimately what the consequences of those choices are.

Frankly, those choices offer stark consequences. Morton describes the challenge of climate this century:

The world’s population is expected to grow from seven billion today to more or less ten billion by 2100. By that time the number of people enjoying rich-world energy privileges should also reach ten billion. So the challenge is to achieve for an extra eight billion people in the twenty-first century what was achieved for two billion in the twentieth century. Meeting that challenge implies a lot more energy usage.

Morton is a staunch environmentalist and deeply concerned about environmental justice and the inequities of the planet. But he is also a “climate realist” — he understands that our current solutions to climate change are not really solutions at all, since they either lack the scale required to solve the problem, or will continue to exacerbate existing inequities between different people of this planet.

For example, take emissions-free nuclear power, which is brought up as a panacea to our fossil fuel-driven economy. Morton writes:

If the world had the capacity to deliver one of the largest nuclear power plants ever built once a week, week in and week out, it would take 20 years to replace the current stock of coal-fired plants (at present, the world builds about three or four nuclear power plants a year, and retires old ones almost as quickly).

Sure, nuclear power plants are a literal solution, but most definitely not a pragmatic one since the scale required is just not there.

He also spends significant time deconstructing recent climate negotiations, finding that the focus on carbon has been something of a red herring (many other emissions are far worse than carbon and less directly connected to the modern industrial economy). Instead, they have been driven by the alignment of different environmentally-concerned parties:

Carbon dioxide suited scientists because it seemed like a straightforward measure of the problem. It suited greens because it was a pretty good proxy for the industrial society against which their movement was a reaction. The international negotiations that set up the UNFCCC showed that it suited developing countries because it was primarily a developed-country issue; at the time of Rio, the vast majority of all the industrial emissions since the the eighteenth century had come from Europe and America.

Carbon is of course a problem, but it has become a tagline, a brand, a cri de coeur of the international climate movement. Yet the challenges facing the planet are so much deeper than just carbon.

To avoid that narrow focus, Morton argues for a complete reframing of the climate debate toward solutions that can actually repair the climate, and even improve it for diverse populations around the world.

Now, the term “geoengineering” brings with it a bag of Hollywood-induced imagery of nuclear winters and globe-spanning hurricanes. Morton addresses those risks across his chapters, noting that geoengineering can indeed go wrong.

Even so, he convincingly argues that there are geoengineering techniques designed around key climate processes that can be high leverage, reversible, testable, and that have the scale required to actually solve climate challenges in a sustainable way. These processes aren’t speculation — we (mostly) understand the science today, and have pathways toward the technology required to execute a strategy.

The real challenge — as it always is — are humans and their governments. Morton notes that climate change has a huge deleterious impact on nations such as Maldives, but that it can also benefit certain regions by transitioning them from colder to more temperate climates.

That means that any geoengineering solution is going to face the prospect of creating winners and losers. Any international agreement is going to have to contend with those politics, and design mechanisms to ameliorate their effects.

Much as Morton calls for a planet remade, he sees an opportunity for geoengineering to trigger reflection among governments on their own interests:

Much better, rather than treating geoengineering as a technocratic way of avoiding politics, to use it as a way of reinventing politics. Exploring the potential of geoengineering could spur and shape the development of a new way of making planetary decisions. The aim should not be the development of a thermostat alone; it should be the development of a new hand to use it.

Environmentalists may balk at the idea of allowing humans to have their hands on any part of the earth system. But we are here, all seven billion of us, and we already have our brutal hands on the system. The question is whether we can start to use our hands in a far more productive way that can make the earth sustainable for centuries to come. As Morton notes, “The planet has been remade, is being remade, will be remade.” Geoengineering technologies offer solutions, if we can agree in how to use them.

Share your feedback on your startup’s attorney

My colleague Eric Eldon and I are reaching out to startup founders and execs about their experiences with their attorneys. Our goal is to identify the leading lights of the industry and help spark discussions around best practices. If you have an attorney you thought did a fantastic job for your startup, let us know using this short Google Forms survey and also spread the word. We will share the results and more in the coming weeks.

Stray Thoughts (aka, what I am reading)

Short summaries and analysis of important news stories

Why Gutenberg can still recognize the book

Craig Mod wrote a compelling piece in Wired on the future of the book, and why today’s books essentially look the same as when the printing press was first invented. Despite the prognosticators expecting books to have moving pictures, interactivity, and dynamic narratives, almost nothing in that direction has actually occurred as readers continue to enjoy the traditional format. Instead, where the real innovation has taken place is on the business side, where new models from crowdfunding to email subscriptions have transformed the economics of book publishing.

Automattic’s Newspack to drive revenue for smaller publishers

While content management systems have been around for decades, almost none of these systems are designed to create revenues for their users out of the box. WordPress doesn’t have any subscription features or advertising networks built-in, which means that sites that want to make money have to spend a lot of dollars just to get setup and started.

So the announcement this morning that Automattic, the owner of WordPress.com, is going to offer a new platform combining content management with revenue called Newspack is both interesting and definitely needed. It’s a proper extension of their existing platform, and a reminder for product managers that the sustainability of their customers is critical for long-term success.

Huawei sales executive arrested in Poland

We have been following Huawei’s travails in the West for some time. One major point of contention is whether the company spies on behalf of the Chinese government. Western governments have argued that it does, but as China has repeatedly noted, they have never provided any proof.

On Friday in Poland, a Huawei executive was arrested for alleged espionage, which could provide the first public evidence of collusion between Huawei and Beijing. The company subsequently fired the executive and claimed that his actions were unrelated to the company. Poland has since called on NATO countries to remove Huawei equipment from their telecommunications infrastructure. Huawei equipment is widely installed in Europe and European governments have so far evaded calls by the U.S. to boycott the company. As the largest telecom equipment manufacturer in the world, Huawei’s response could have vast repercussions for the deployment of 5G networks.

PG&E – oh boy

Silicon Valley’s (and much of California’s) gas and electric utility is going bankrupt following massive liability claims against the utility due to its equipment sparking wildfires over the past few years. California may lead the world in innovation, but it seems to always be on the precipice of disaster when it comes to infrastructure.

What’s next & obsessions

  • I am reading The Color of Law by Richard Rothstein
  • Arman and I are interested in societal resilience startups that are targeting areas like water security, housing, infrastructure, climate change, disaster response, etc. Reach out if you have ideas or companies here.

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