Huawei revenue grows 9.9% in first 9 months


Shoppers try Huawei's Mate 40 series smartphones in Shanghai. - China Daily/Asian News Network

BEIJING, Oct 24 (China Daily/ANN): Huawei Technologies Co's year-on-year revenue growth rate in the third quarter slowed down as the US government's intensified crackdown on the company crippled its supply chain.

But the Chinese tech giant still managed to generate 671.3 billion yuan (US$100.6 billion) in revenue for the first nine months of the year, a 9.9 per cent growth over the same period in 2019, which analysts said reflected the company's resilience and technological prowess amid intense pressure.

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China , Huawei , Profits , 9.9% y-o-y , Increase , US Pressure

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