Huawei's Australian corporation, professional rugby sponsorship contracts terminated September 16, 16:17
As the conflict between China and Australia deepens, an Australian subsidiary of China's telecommunications equipment giant Huawei announced that it will terminate its major sponsorship agreement with the professional rugby team this season, saying the local business environment is deteriorating. ..
Huawei's local subsidiary in Australia issued a statement on the 31st and announced that it will terminate the major sponsorship agreement with the Australian professional rugby team “Canberra Raiders” which has been ongoing since 2012 this season.
The reason for this is explained as "the deterioration of the business environment is affecting our business performance more than we expected."
A spokesman for the local corporation pointed out to the reporters that the Australian government had quietly banned Huawei's entry into the development of the new telecommunications standard “5G”, which is causing a deterioration in the business environment. , "We cannot expect any business other than 5G."
Farner CEO of "Canberra Raiders" also said about the contract termination: "I'm very sad. I'm lucky if I can find a good sponsor like Huawei in the future."
China and Australia are deepening confrontation over the problems of the new coronavirus and Hong Kong, and recently the Chinese government has begun to investigate that Australian wine is imported into China at an unreasonably low price, affecting the economic sector as well. Has reached.