China's Huawei, Lenovo Among Few Still Doing Business in Russia: Strand
Chinese companies Huawei and Lenovo are two of the few global tech companies still doing business in Russia nearly seven weeks into the Ukraine invasion, reported John Strand of Strand Consult Tuesday. “There is a consensus among people and organizations…
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in the free world that the invasion is despicable, and hence there is a desire to end relations with Russia,” he said: “Companies interpret that if they continue to do business in the country, that they will suffer backlash from the public and reputational repercussions in future. Moreover, consumers and shareholders are sophisticated [enough] to understand the power of their money to influence political decisions and behavior.”