Chinese internet firms have less to lose than telcos when it comes to U.S. threats, analyst says


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VKontakte Odnoklassniki Sheldon Cooper | LightRocket | Getty Images SINGAPORE — China’s internet companies may be more insulated from a fallout between the U.S. and China than telecommunication equipment companies like Huawei, a CLSA tech analyst told CNBC on Monday. That’s because they do not rely on international suppliers for parts and technology to make their products — unlike telecom companies in the mainland, Elinor Leung, China internet analyst at the brokerage firm, said on “Squawk Box Asia.” “The impact for the Chinese internet companies … is going to be smaller compared to the telecom equipment industry because there’s no...