Despite chalking up its first gain on Wednesday since resuming trade, Shenzhen-based ZTE Corp has lost about half its market cap and remains not far off a two-year low. Photo: Reuters

ZTE shares bounce back ahead of Trump meeting with Republican senators

The Chinese telecoms gear maker, which was on the brink of collapse after the US ban on buying American components, has paid US$1 billion in civil penalties as part of a settlement for violating export controls

Topic |   China technology

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Despite chalking up its first gain on Wednesday since resuming trade, Shenzhen-based ZTE Corp has lost about half its market cap and remains not far off a two-year low. Photo: Reuters
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Li Tao

Li Tao

Li Tao is a senior technology reporter, based in Shenzhen. He focuses on big enterprises including Alibaba, Huawei and ZTE, hardware makers, and smartphone brands such as Oppo, Vivo and Oneplus. He joined the Post in 2017 after working for more than seven years with China Daily in Hong Kong. He has masters degrees in both laws and journalism.