The company backed by Alibaba Group Holding Ltd grew revenue a mere 2.7% in 2019’s second half after more than tripling sales in the first six months of the year, according to unaudited numbers for investors seen by Bloomberg.
BEIJING: Megvii Technology Ltd’s revenue growth dissipated in the second half of 2019 after it joined Huawei Technologies Co on a US trade blacklist, underscoring the extent to which White House sanctions are hurting China’s technology leaders.
The company backed by Alibaba Group Holding Ltd grew revenue a mere 2.7% in 2019’s second half after more than tripling sales in the first six months of the year, according to unaudited numbers for investors seen by Bloomberg.
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