Best Buy cuts ties with China's Huawei, source says

Best Buy cuts ties with China's Huawei, source says

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/22/best-buy-cuts-ties-with-chinas-huawei-source-says.html

Best Buy, the largest U.S. consumer electronics retailer, will cut ties with China's Huawei Technologies, a person familiar with the matter said, amid heightened scrutiny on Chinese tech firms in the United States.Best Buy will stop selling Huawei's devices over the next few weeks, according to the person with knowledge of the matter, a setback for the Chinese telecommunications giant as it looks to expand in the U.S. market.

The move, after similar actions from U.S. carriers including AT&T, comes as U.S. scrutiny of Chinese tech firms grows amid simmering tensions over U.S.-China trade and concerns of security. A Best Buy spokesman told Reuters the firm could not comment on specific contracts with vendors.