'Survival will be our first priority': Huawei sees a tough 2020

in #news5 years ago

Chinese telecoms giant expects revenue growth to slow down in 2020 as US sanctions take their toll.


China's Huawei Technologies has said on Tuesday that its full-year revenue would likely jump 18 percent in 2019 to 850 billion yuan ($122bn), lower than its earlier projections, as a trade blacklisting by the United States curbed growth and disrupted its ability to source key parts.

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Dear @votingpower

Somehow I don't think that Huawei will struggle much, since they seem to be fully backed up by chinese authorities.

ps. I've received your memo. I presume you would like to join our project as a content creator? Then please contact me via telegram (I shared info about telegram in "join us" section).

Cheers, Piotr