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"For smaller subsidiaries focusing on their pillar businesses, going public is practical to maintain sustainable development," Sun added. "But as CCCC has kept expanding and diversifying its business from bridge building to offshore engineering manufacturing, such a mode has reached the limit of its development. It is time to deepening reform and innovation."

"For nearly 20 years we've supplied the UK's mobile and broadband companies with 3G and 4G. But some now question our role in helping Britain lead the way in 5G," the letter stated. "As a private company, 100 percent owned by employees, our priority has been to help mobile and broadband companies build a better connected UK," Huawei's Vice-President Victor Zhang said.

"From recent seizures of assault rifles, handguns and ammunition, and materials for bomb-making, it seems that our community is being dragged into an era of terrorism," it said.

"For a startup brand like Yeelight, working with international behemoths with a large user base and huge market appeal will make us better known more rapidly," he said.

"Four" here means the "Four Comprehensives", or Four-pronged Comprehensive Strategy, namely comprehensively build a moderately society, comprehensively deepen reform, comprehensively promote the nation's governance in accordance with laws, and comprehensively promote stricter governance of the Party.