News Snapshot:
Huawei’s revenue has continued to fall under the weight of US sanctions that have heavily impacted the company’s businesses globally. The Chinese telecom giant said on Friday its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by US sanctions that have hit its smartphone sales. In an annual New Year message, Huawei’s rotating chairman Guo Ping said the company’s revenue fell 29% year-on-year to 634 billion yuan ($99.5 billion). “In 2021, despite all the trials and tribulations, we worked hard to create tangible value for our customers and local...
