The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese telecom major Huawei reports biggest ever revenue drop

August 7, 2021
Source: alsiasi.com alsiasi.com
News Snapshot:
Chinese telecom major Huawei reports biggest ever revenue drop Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after US sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. The company generated revenue of 320.4 billion yuan ($49.56 billion), it said on Friday. The biggest decline came from Huawei’s consumer business group, which includes handsets, where revenue fell 47 percent to 135.7 billion yuan. It eked out a 0.6 percentage point rise in its net profit margin to 9.8 percent, largely...
Go To Original Source →
Tags: 5G | AIM | Android | blacklist | brand | Business | CEO | chairman | China | Chinese | Covid-19 | currency | Donald Trump | export | Exports | Google | Huawei | Renminbi | revenue | Sanctions | search engine | shipping | Software | technology | Yuan

Other Related News:

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains Global Online Money

August 11, 2022

A Look at the Electric Vehicle Transformation in China

August 11, 2022

Taiwan security officials want Foxconn to drop stake in Chinese chipmaker-FT

August 11, 2022

US accuses Chinese company of helping ZTE hide business with Iran

August 11, 2022

China Has Painted Itself Into a Semiconductor Corner

August 11, 2022

China Claims US CHIPS And Science Act Will Disrupt International Trade, Distort Global Semiconductor Supply Chains High Tech Info

August 11, 2022

Greater China startups record 33.5% yearly slump in deal value in Q2 as megadeals become scarce

August 11, 2022

UN trade body urges actions to curb cryptocurrencies in developing countries

August 11, 2022

?Parallel Markets?ASUS ZenFone 9 arrives in Hong Kong first, with the first asking price starting from 5,450!

August 11, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....