Huawei says 'survival' is its priority in 2020, after US blacklisting

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Chinese telecoms giant Huawei says survival will be its priority in 2020 after announcing lower than expected annual sales revenue.

The company did not break down fourth-quarter figures, but according to Reuters calculations based on its previous statements revenue in the quarter rose to 239.2 billion yuan — up 3.9 per cent from a year earlier and slower than the 27 per cent increase it reported in the third quarter.

The dramatic arrest in Canada of Huawei's chief financial officer for possible extradition to the US shocked many. But what exactly is Huawei and why does it seem like it's continually being targeted by foreign governments? Mr Xu said in his letter that Huawei would in 2020"go all out" to build its Huawei Mobile Services ecosystem, which comprises services such as cloud storage and an app gallery, describing it as"the foundation of our ability to sell smart devices in markets outside China".

 

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No way. It will be just less profit than predicted. Opening up technology to independent scrutiny might contribute to acceptability.

The existing of such an evil company is the shame of whole human beings

hah! read this as to how we are screwed, there is no way top catch up to China

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