Chinese authorities investigating FedEx Corp suspect the U.S. delivery company illegally withheld more than 100 packages of Huawei Technologies ...
HONG KONG/SHANGHAI: American delivery firm FedEx Corp likely withheld more than 100 packages of Huawei, a report said, while the Chinese tech giant also blamed U.S.-listed Flex for seizing its goods, as Sino-U.S. tensions further strain business ties.
"The investigation showed that FedEx was suspected of holding up more than 100 Huawei packages entering China," Xinhua said."Investigators also discovered clues to other violations of the company."The report comes a day after Huawei said electronics contract manufacturer Flex"seized" its goods in China.
Huawei told Reuters on Thursday that Flex had withheld some 700 million yuan worth of its goods in its China factory, confirming a report by Chinese government-backed newspaper Global Times. Flex said in an emailed statement to Reuters,"Flex and Huawei have had a long-standing and successful partnership which has recently been impacted by unforeseen challenges resulting from the US/China trade situation. Both parties are actively working to find a mutually agreeable way forward given these facts."
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