HONG KONG: Huawei Technologies said on Monday its first-quarter revenue jumped 39 per cent to 179.7 billion yuan , in the Chinese technology firm's first-ever quarterly results.
Huawei has repeatedly denied the allegations and launched an unprecedented media blitz by opening up its campus to journalists and making its typically low-key founder, Ren Zhengfei, available for media interviews.The Chinese firm, which is also the world's No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the US campaign.
Huawei's network business saw its first drop in revenue in two years in 2018. But Ren Zhengfei said in an interview with CNBC earlier this month that network equipment sales rose 15 per cent while sales of the consumer business increased by more than 70 per cent in the first quarter.Channel NewsAsia - Sentifi topic widget
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