Kingdee Intl Software Gr Stock (OTC: KGDEF)

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Kingdee International Software Group Co Ltd is engaged in cloud services, including enterprise cloud services, small & micro business finance cloud services, and industry cloud services; and enterprise resource planning business, including development and sales of software products. it has three operating segments; Cloud services business Including enterprise cloud services, small & micro business finance cloud services, and industry cloud services, ERP business and others including sales of software and hardware products, provision of software implementation, software solution consulting, maintenance, upgrade and other supporting services, and others, and Investment Properties operating business include the Operation of investment properties.

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China&#39;s Payback: Huawei Develops IT Software, Reducing Dependence On Oracle

KINGDEE INTL SOFTWARE GRP by Kingdee International Software Group Co., Ltd

Kingdee International Software Group Co Ltd

Kingdee Intl Software Gr

<ul>
	<li>Huawei Technologies Co&nbsp;has developed enterprise IT management software that can replace&nbsp;Oracle Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) to reduce its&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/03/31490108/huawei-attempts-turnaround-since-us-embargo-took-effect-accomplishes-recognizable-success-in-chip-de" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">dependence on its</a>&nbsp;Western counterpart.</li>
	<li>The telecom gear maker is developing in-house software and chips to reduce the repercussions of the U.S. embargo, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-04-20/huawei-creates-own-business-software-to-replace-oracle?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reports</a>.&nbsp;</li>
	<li>Huawei replaced its legacy enterprise resource planning (ERP) system with a solution over which it &quot;has full control,&quot; Huawei said.</li>
	<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31692006/alibaba-huawei-inch-closer-to-chatgpt-counterpart-like-product-launch-in-april" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Alibaba-Huawei Inch Closer To ChatGPT Counterpart Like Product, Launch In April</a></li>
	<li>Oracle stopped providing software upgrades and on-site technical services after Washington&#39;s trade curb in 2019.</li>
	<li>Huawei committed three years and thousands of staff to develop its enterprise system known as MetaERP.&nbsp;</li>
	<li>Several local partners contributed, including cybersecurity firm&nbsp;Qi An Xin Technology Group Inc&nbsp;and software developers&nbsp;Kingdee International Software Group Co, Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/KGDEF#OTC">KGDEF</a>) and&nbsp;Kingsoft Cloud Holdings Limited&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>), as per bloomberg.</li>
	<li>Huawei&#39;s replacement aligns with Beijing&#39;s desire to develop self-sufficiency in critical technologies.</li>
	<li>Washington raised geopolitical tensions with China by imposing an embargo on China&#39;s tech industry, including blacklisting companies like Huawei and Semiconductor Manufacturing International Corp, implementing strict controls on the export of chips and chipmaking equipment to China, effectively barring the leading contract chipmaker&nbsp;Taiwan Semiconductor Manufacturing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), from making cutting-edge silicon for Chinese clients.</li>
	<li>Reportedly, Huawei has developed software tools&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31628299/chinese-smartphone-maker-huawei-tries-to-tap-ev-wave-with-new-alliances" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">capable of designing</a>&nbsp;chips as advanced as 14 nm.</li>
	<li>Photo by Tatiana Popova and rawf8 via Shuttterstock</li>
</ul>

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