Huawei, one of the leading manufacturers of smartphones in China, in the first half of the year increased its revenue by 1% in annual terms to 325 billion 700 million yuan. Operating margin was 14%. The company said that “ensuring the security of the company's business, connecting more specialists and introducing cloud technologies to develop the network infrastructure” would remain its main priorities until the end of the year. The company will also increase “the use of artificial intelligence technologies and the Internet of things in its work and develop open innovative digital platforms for its customers”. Huawei did not provide data on operating and net profit.
E-firm Alibaba to buy 10% shares in Chinese courier Yunda: sources31.03.2020
Dollar gains, yuan steady as investors skeptical of recovery in Chinese manufacturing sector31.03.2020
U.S. and Russia agree to talks, Oil prices rebound after 18-year lows27.03.2020
Chinese industrial firms report steepest decline in profits in a decade