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June 11, 2021

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10m users upgrade to HarmonyOS

More than 10 million users have upgraded to Huawei’s HarmonyOS system in one week after its official debut, fuelling market expectations for the new operating system and related shares.

HarmonyOS, or Hongmeng in Chinese, is an operating system designed for various devices and scenarios.

Huawei has a target of making HarmonyOS cover 300 million devices by 2021.

On investment platform Xueqiu, a HarmonyOS  index has been founded by investors and analysts to track shares related to Huawei or HarmonyOS. It closed a 1,359.59 yesterday, a 36-percent jump in a week.

Shenzhen-listed Hoperun Information Technology, a Jiangsu-based software vendor, jumped by the 20-percent daily cap yesterday to close at 35.2 yuan (US$5.5), a 67-percent increase from a week ago.

IT distributor and service provider Digital China, a Huawei partner, jumped by the 10-percent daily cap to close at 19.56 yuan. Joyoung, one of the first batch of home appliance makers to support HarmonyOS, rose 4.16 percent to close at 36.59 yuan.

But analysts warned of risks of the heated market and booming share price because still time is needed to see whether these firms and partners can really benefit from HarmonyOS.

“I doubt it. If they can’t play well in Android, why are they so sure they can win on HarmonyOS?” a Xueqiu user said.

The new system will help Huawei grow in spite of strict US sanctions which forbid use of Google’s Android system.




 

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