
Audio By Carbonatix
Huawei Technologies Co. has withstood criminal charges and international scrutiny to post rising growth in the first two months of the year.
Revenue climbed 36 percent in January and February compared with the year earlier, founder Ren Zhengfei said in a speech to a group of Russian scientists that the company confirmed. The pace is an acceleration from its 2018 sales increase of 21 percent and its projection for growth this year of about 15 percent.
After years of tension and accusations that the company makes it possible for Beijing to spy on the West, pressure on the Shenzhen-based company has ratcheted up since the Dec. 1 arrest of a senior executive.
Chief Financial Officer Meng Wanzhou remains in Canada pending potential extradition to the U.S. as the company also faces criminal charges for intellectual property theft and an American push to shut it out of fifth-generation wireless networks.
The tensions have seen the normally media-shy Ren, who is Meng’s father, take to public forums, TV interviews and journalist meetings to fight back against the U.S. accusations.
“The company is more united, working harder and our energy intensity is increasing,” Ren said in the note.
Latest Stories
-
Senegal bans ministers from foreign travel as oil price rise bites
55 minutes -
Nigerian army rescues 31 hostages after church attack
1 hour -
Spain’s huge pork industry seeks salvation from swine fever threat
1 hour -
Trump declares victory after rescue but threats to US operation in Iran still loom
2 hours -
US Secret Service investigates reports of gunfire near White House
2 hours -
Current account stability to mitigate pressure on cedi; currency to end year at GH¢11.40 to a dollar
2 hours -
Oil back above $110 after expletive-laden Trump threat to Iran
2 hours -
T-bills auction: Government records 32% undersubscription; interest rates rise again
2 hours -
Economy to remain relatively insulated from fallout of US–Iran conflict – Fitch Solutions
2 hours -
Leeds draw Chelsea, Man City face Southampton in FA Cup semis
4 hours -
Messi and Suarez score as Inter Miami draw at new stadium
4 hours -
Liverpool ‘gave up’ in FA Cup exit – Van Dijk
4 hours -
Pep’s asistant Lijnders hints at Man City departure for Silva
4 hours -
[Watch Live] Shatta Wale, Kofi Kinaata, and others ignite the grand finale of Gomoa Easter Carnival
4 hours -
Caster Semenya pledges to fight against Olympic gender-testing policy
4 hours