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szdaily -> Business_Markets -> 
US retailer Best Buy to cut ties with Huawei
    2018-03-23  08:53    Shenzhen Daily

BEST Buy Co., the largest U.S. consumer electronics retailer, will cut ties with Shenzhen-based Huawei Technologies Co., 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 Inc., 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 said the firm could not comment on specific contracts with vendors. “We make decisions to change what we sell for a variety of reasons,” he said.

Huawei said in emailed comments Thursday that it valued its relationship with Best Buy but could not discuss the details of its partnership with the U.S. firm.

“Huawei currently sells its products through a range of leading consumer electronics retailers in the United States,” the firm said, adding its products met the “highest security, privacy and engineering standards in the industry.”

Earlier this year, AT&T was forced to scrap a plan to offer Huawei handsets after some members of U.S. Congress lobbied against the idea with federal regulators, sources said. Verizon Communications Inc. also ended its plans to sell Huawei phones last year, according to media reports. (SD-Agencies)

 

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