• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
TechData Sheet

Data Sheet—How a Huawei Arrest Fits Into the Big Picture of China-U.S. Relations

By
Aaron Pressman
Aaron Pressman
and
Clay Chandler
Clay Chandler
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Clay Chandler
Clay Chandler
Down Arrow Button Icon
December 12, 2018, 9:24 AM ET
Add Fortune on Google for similar content.

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

Huawei Technologies chief financial officer Meng Wanzhou is undoubtedly resting a little easier this morning. On Tuesday, a Canadian justice ruled that she can be released on bail of $10 million Canadian dollars while awaiting extradition to the United States. Meng, the daughter of Huawei founder Ren Zhengfei, will be subject to 24-hour physical and electronic surveillance by two security guards, which she’ll have to pay for herself. She’ll also have to abide by a curfew between 11 p.m. and 6 a.m., and wear an ankle bracelet so her movements can be monitored. But at least she’ll be able to serve her detention in the comfort of her multi-million dollar Vancouver mansion.

The U.S. Justice Department has sought Meng’s arrest on the narrow charges of hiding Huawei’s ties to a Hong Kong company that did business with Iran, thereby violating U.S. sanctions law. But in China, her detention is seen as symbolic of a broader U.S. effort to restrain Huawei and China itself. As the Washington Post puts it, the fraud allegations against Meng “fit neatly into the Chinese narrative about American efforts to undercut China’s rise as an innovator and rival, especially in the race for the next step in smartphone technology, known as 5G.”

But just because a narrative “fits neatly” that doesn’t make it wrong. Over the past several months, the U.S. has launched a global campaign to persuade security allies to ban Huawei products from their markets. Allies from the so-called “Five Eyes” countries (the other four are Australia, Canada, New Zealand, the United Kingdom), as well as Japan and the European Union have all raised security concerns about Huawei. Australia has blocked Huawei from rolling out its 5G technology. Japan has announced that it will stop buying Huawei technology for its government and military, and Japan’s top three telecom companies have reportedly decided to forego procuring Huawei equipment.

In the United Kingdom, an early and enthusiastic customer of Huawei technologies, telecommunications industry experts have been sharply critical of security flaws in Huawei products and software. The Financial Times reports that Huawei has “caved in” to demands from British security agencies to address the risks and has pledged $2 billion to overhaul its systems. That may suggest a way forward for Huawei in other Western markets as well.

As for Meng, her extradition will put pressure on Washington to put up or shut up in labeling Huawei a security risk. As CNBC’s Katie Fazzie points out, so far U.S. officials have aired their grievances about unfair Chinese business practices to friendly audiences like congressional committees and have “rarely had a chance to make any cyber-theft or money-laundering allegations in court against a Chinese executive.” In court, the scrutiny will be more rigorous. Losing the Meng case, Fazzie warns, “could mean losing credibility here and abroad on a far wider range of security issues involving China.”

Clay Chandler
@claychandler
clay.chandler@timeinc.com

NEWSWORTHY

Tomb of his virtue. Speaking of the odd arrest of Huawei CFO Meng Wanzhou, President Donald Trump did nothing to dispel talk that the move was related to his ongoing trade battle with China when he mentioned possibly using Meng as a pawn to close a deal. “If I think it’s good for what will be certainly the largest trade deal ever made, which is a very important thing—what’s good for national security—I would certainly intervene if I thought it was necessary,” Trump said on Tuesday. If the trade war does not wind down, Apple could move production of the iPhone out of China to other, unspecified countries, Bloomberg reports. Apple would consider abandoning China if U.S. tariffs were applied to phones at a level of 25%, the anonymously sourced story, which did not include a comment from Apple, stated.

A walking shadow. And further speaking of China, some U.S. authorities are blaming the Chinese government for the massive hacking attack that stole data on 500 million guests of Marriott's Starwood hotels, the New York Times reports. China denied the allegation.

Struts and frets his hour upon the stage. After declining earlier entreaties, Google CEO Sundar Pichai appeared on Capitol Hill on Tuesday to answer lawmakers' questions about every subject they could think of to make themselves look better. Not much new information was gleaned, as Pichai largely ducked questions about Google's plans for re-entering the Chinese search market and other hot topics. Also, Mr. Monopoly showed up in the audience.

A poor player. Remember Bloomberg's controversial, hotly disputed, widely denied blockbuster story in October that Chinese spies had secretly embedded a spying microchip on motherboards of servers made by Super Micro? In yet another blow to the story's credibility, Super Micro announced on Tuesday that an outside audit had found “absolutely no evidence of malicious hardware on our motherboards.”

Full of sound and fury. On Wall Street, Michael Dell announced he had obtained shareholder approval to complete a complex transformation of his namesake tech company and return to the public markets at year's end. Dell Technologies will trade under the symbol DELL. Also, Chinese music-streaming service Tencent Music priced its IPO late Tuesday at $13 per American depository share, at the low end of its projected range. The shares will begin trading on the New York Stock Exchange under the symbol TME on Wednesday. And Verizon said it was writing off about half the value it paid for acquiring Yahoo and AOL. The $4.6 billion pre-tax write off leaves just $200 million in goodwill and $5 billion in assets on the carrier's books for the struggling digital media unit known as Oath.

Of his virtue and of his honor. Aldo Amenta was completely paralyzed in a diving accident three years ago. But he walked across the graduation stage on Sunday to receive his diploma from Florida International University thanks to a powered exoskelton. The video is pretty inspiring. Cobots, or collaborative robots that work in conjunction with humans, are definitely going to be big.

FOOD FOR THOUGHT

We are using a few thousand words in today's Data Sheet to convey information about the state of the tech world. But, as they say, a picture is worth a thousand words—and sometimes many more. Brand research firm Kantar in collaboration with author and infographics guru David McCandless are out with their annual "Information is Beautiful" awards and the list is filled with stunningly gorgeous and brilliant depictions of data. The complete list of winners is online, but be sure to check out Pedro Cruz's visual tree ring metaphor for U.S. immigration patterns and Professor Marian Dork's history of the world through coins.

IN CASE YOU MISSED IT

U.K. National Health Service Signs Fax Machines' Death Certificate By Erik Sherman

Nvidia's 50% Plunge From Its Peak May Be Causing a Headache for Softbank's Vision Fund By Kevin Kelleher

Hertz and Clear Bring Facial Recognition to the Rental Car Industry By Jeff John Roberts

How Police Use Fake Amazon Boxes and GPS to Catch Thieves By Don Reisinger

Fatal Uber Self-Driving Car Accident Could Have Been Prevented, Says Former Manager By Erin Corbett

The NIH Is MRI-ing Kid's Brains While They Instagram to Study the Effects of Screen Time By Brittany Shoot

Popular YouTube Streamer Promotes Channel That Publishes Anti-Semitic Content By Chris Morris

BEFORE YOU GO

While Amtrak trains trundle slowly across the country's neglected infrastructure, other nations are pressing their advantage. East Japan Railway unveiled a prototype high-speed train on Wednesday designed to operate at speeds of 224 miles per hour, rivaling the fastest locomotives in the world, such as the engines on China's Fuxing line that hit a maximum speed of 248 mph. But don't fret–we have an incredible talent for making cool toy train displays.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.

About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Clay ChandlerExecutive Editor, Asia

Clay Chandler is executive editor, Asia, at Fortune.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

ring
PoliticsTariffs
Belgium got its tariffs cut. Then it sent Trump a diamond Superman ring
By Sam McNeil and The Associated PressJuly 4, 2026
5 hours ago
Ejay O'Donnell, Bart Szaniewski, and Grant Eastey wear Dad Gang hats in a factory
SuccessEntrepreneurship
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
By Preston ForeJuly 4, 2026
8 hours ago
How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college
EnergyNuclear
How a third-generation Texas oilman transformed an organic farming company into a leading advanced nuclear startup at a small Christian college
By Jordan BlumJuly 4, 2026
11 hours ago
Americans will eat 150 million hot dogs today. One specific American is predicted to eat 70 of them
North AmericaFood and drink
Americans will eat 150 million hot dogs today. One specific American is predicted to eat 70 of them
By Catherina GioinoJuly 4, 2026
11 hours ago
‘Devin-kun’: Japan embraces agents as legacy code and a shrinking workforce create a perfect market for an AI software engineer 
AsiaAI agents
‘Devin-kun’: Japan embraces agents as legacy code and a shrinking workforce create a perfect market for an AI software engineer 
By Nicholas GordonJuly 3, 2026
21 hours ago
Chad Hurley and Steven Chen wearing suits
SuccessWealth
YouTube’s founders split over $650 million when they sold to Google in 2006—had they held out, they could have taken a slice of $550 billion
By Preston ForeJuly 3, 2026
1 day ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
2 days ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
11 hours ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
1 day ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
2 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
1 day ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.