consumer business

‘Making the impossible possible’: Huawei’s Meng Wanzhou lauds US-sanctioned firm’s 2024

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‘Making the impossible possible’: Huawei’s Meng Wanzhou lauds US-sanctioned firm’s 2024

Over the past six years, Huawei “experienced countless moments of darkness, uncertainty and defeat”, but has also seen “one miracle after another, making the impossible possible”, Meng, daughter of Huawei founder and chief executive Ren Zhengfei, wrote in a message published by the Shenzhen-based firm. Meng, 52, thanked Huawei’s customers, supply chain partners and employees … Read more

Huawei’s 2023 profit more than doubles, as a sales rebound helps tech giant hack a profitable path out of US sanctions

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Huawei’s 2023 profit more than doubles, as a sales rebound helps tech giant hack a profitable path out of US sanctions

Huawei Technologies’ 2023 net profit more than doubled, as rising sales of its mainstay telecoms equipment and a comeback in consumer products – funded by a record R&D budget – helped the privately held company hack a profitable path out of restrictive US sanctions. The Shenzhen-based firm’s 2023 revenue grew 9.6 per cent to 704.2 … Read more