Posted inChina

Huawei Q1 sales drop 16.5% as US sanctions bite

Chinese telecoms giant Huawei said Wednesday that first-quarter revenue tumbled after harsh US sanctions ripped into its phone business.  Huawei has been at the center of intense US-China trade and technological rivalry in recent years and the Trump administration accused it of potential espionage on behalf of Beijing without providing hard evidence.  As a result, […]