Huawei sales top $100bn despite US-led pressure

Chinese telecoms giant Huawei said revenues topped $100bn in 2018 despite a US-led campaign against the business on fears it poses a security threat. The firm said revenue for 2018 hit 721.2bn yuan ($107bn), while net profit jumped 25% to 59.3bn yuan. The US and others have restricted the company over concerns that its ties to Beijing represent a security threat. Huawei says it is independent and strongly denies its products pose a security risk. The Shenzhen-based firm said global revenue surged 19.5% in 2018, its fastest pace of growth in two years. The result was supported by strong sales of smartphones in China.

Source: https://www.bbc.com/news/business-47743152

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