Public reporting and criticism on Hikvision continue to rise with, overnight, a Bloomberg piece:
For those industry people following Hikvision, it covers standard grown about government ownership, sanctions, ban, etc. A few atypical points made about subsidies and government funding:
In monetary terms, government-related gains account for a fifth of net income. That doesn’t include other privileges such as the winning of government contracts.
a recipient of China’s Innovation Company, or InnoCom, program, which hands out fiscal incentives to companies that meet requirements on parameters such as the percentage of R&D employees with college degrees.
The government has given the company thousands of square kilometers of land for its headquarters and facilities in Hangzhou. These forms of subsidies far outweigh the tax savings on R&D that are commonly available elsewhere in the world.
Interestingly, the piece cites a Hikvision briefing where the company contends they can expand elsewhere:
Hikvision does have other options for expansion in the event that it’s shut out of developed markets, with management citing Latin America, Russia and India to analysts at a briefing in July.