The Shenzhen-based company reported a 29.5 per cent jump in revenue to 585.9 billion yuan (US$82.3 billion) in the first three quarters of 2024, up from 452.3 billion yuan in the same period last year, according to a filing to the Shanghai Clearing House, the sole central clearing counterparty in China’s interbank market. However, Huawei … Read more
Meng, daughter of Huawei founder and chief executive Ren Zhengfei, on Tuesday assumed the position of rotating and acting chairwoman at the company for a six-month tenure ending on March 31 next year, the Shenzhen-based firm said in a statement published on Monday. In her latest stint as rotating chairwoman, Meng is expected to oversee … Read more
Around 3.04 million people have made reservations to buy the Mate XT as of Monday afternoon, just two days after Shenzhen-based Huawei launched pre-orders for its latest 5G smartphone model via its official e-commerce platform Vmall.com. Reservations on Vmall.com, which does not require a deposit, will conclude on September 19. Still, those who reserved their … Read more
Huawei Technologies has entered into a partnership with Sichuan Zigong Conveying Machine Group Co (ZGCMC) to expand the adoption of artificial intelligence (AI) in heavy industries such as mining, bulk material transport and equipment manufacturing. The three-year pact between the two firms will involve the “deep integration” of large language models – the technology underpinning … Read more
The Shenzhen municipal government intends to boost the number of its native apps built on HarmonyOS and push for their adoption across several major sectors, according to a 2024 action plan published on Sunday by the city’s Industry and Information Technology Bureau. Under that initiative, HarmonyOS-based apps would be adopted in sectors that include government … Read more
New Orders; Backlogs Contracting; Production; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., March 1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and … Read more
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