toggle

AAPL Stock: 118.93 ( -0.07 )

Subscribe to this page now.

ZTE secures $20 billion loan from Chinese government

12/04, 3:14pm

ZTE, China Development Bank agree to $20B loan

ZTE, the world's fifth-largest telecom equipment maker, announced today that it had entered into a $20 billion financing agreement with China Development Bank. The funds are meant to cover "financing facilities for the company's overseas projects and credit facilities for the company," according to a statement ZTE released today. The agreement will shore up the finances of the Chinese tech firm, which has seen significant losses this year, but it will likely raise concerns among ZTE's international competitors and regulators in the west, who are suspicious of the firm's ties to the Chinese government.

more

MacNN Sponsor

MacNN Newsletter

FREE Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    MacNN Sponsor

    Recent Reviews

    IDrive cloud backup and sync service

    There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

    Plantronics BackBeat Pro Bluetooth headphones

    Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

    MaxUpgrades 512GB Retina MacBook Pro SSD

    Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

    toggle

    Most Commented