I love this discussion, simply fun, sort of like facebook though, just a bunch of opinions, some based upon facts and some - not so much. So I will add my opinion.
For fun let's stop calling this manufacturer "Hikvision" - let's just call it what it is - the "Chinese Government".
For example if Ford started a car manufacturer called "Dorf", taking profit from former Ford sales, setting in place on their board former or even current Ford executives and sharing resources between Ford and "Dorf", well Dorf is really Ford, no?
OK...
Now, do we think the Chinese Government has a secret plan to sell us IoT devices that they can control at some point in the future that can harm us, I don't think so. My opinion.
Do they manufacture a great deal of low quality products (sometimes with stolen technology) that others within the Chinese Government or anywhere else can violate and used to harm others, well- Yes IMO.
Do we think the Chinese Government wants to dominate a market (like any other business, generally speaking, that operates in a free or quasi free market)?
But the Chinese Government doesn't operate in a free market, you had the communist party of China run by Mao Zedong and then the People's Republic of China in 1949. If you don't know the history, then spend a moment on your computer/internet, and yes I am not an expert either.
Some would argue that China isn't this way now - they allow capitalism, but my opinion - that is BS, government controls everything. Case in point Hikvision.
Quick note - where did the money and arms come from during the Korean War? Who continues to do a ton of business with North Korea now despite U.N. Resolutions etc.? Who controls the media and internet access in the majority of China? Why do Monks continue to set themselves on Fire in protest of Chinese Government?
So who do you want to do business with? What company do you want to help do well, increase their profits and grow? What company do you choose to represent you/your company? At what cost?