Huawei Reports Biggest Ever Revenue Drop Due to US Sanctions
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 CNY 320.4 billion ($49.56 billion or roughly Rs. 3.69 lakh crores), … Read more