CHINA’S HUAWEI SAYS 2020 SALES ROSE DESPITE US SANCTIONS
Apr 02, 2021
3 minutes
Image: Andy Wong
Chinese tech giant Huawei said it eked out higher sales and profit last year but growth plunged after its smartphone unit was hammered by U.S. sanctions imposed in a fight with Beijing over technology and security.
China’s first global tech brand reported sales of phones, network gear and other technology rose 3.8% over 2019 to 891.4 billion yuan ($135.8 billion), a decline from the previous year’s 19.1% growth. That was propelled by a 15.4% gain in China, while sales
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