Chinese telecom giant Huawei said Tuesday that its
revenue grew 23.2 per cent in the first half of 2019 despite its
blacklisting by the US government.
The company posted revenues of just over 401 billion RMB (58.3 billion dollars) in the first six months of the year. It posted a net margin of 8.7 per cent in comparison to the same period in 2018.
Huawei Chairman Liang Hua said in a statement that business was as "robust as ever," with smartphone shipments up 24 per cent.
The news comes as top US and Chinese trade officials meet in Shanghai on Tuesday and Wednesday, where they hope to resolve the year-long trade war.
Huawei has been a major casualty of the trade war and was blacklisted in May from working with US companies due to national security concerns.
The US accuses Huawei of facilitating Chinese government spying and has put pressure on Western allies to not use the company's technology. US President Donald Trump, however, has back-pedalled since then and said some US companies may collaborate with Huawei.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
China records first virus death in Beijing as toll passes 100
Li pledges medical reinforcements as virus toll hits 81
Beijing reports capital's first death from coronavirus
Trump offers China "any help" needed as coronavirus toll hits 81
China extends holiday to buy time as virus keeps spreading
China expands drastic travel restrictions
Hong Kong bans entry of visitors from China virus province
Proposed Hong Kong virus quarantine building firebombed during protest
China bans wild animal trade until viral outbreak eases