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The economic troubles inside China now lay bare as the founder of the country's tech giant Huawei has warned of a 'painful' next decade and forecasted that China would suffer through tough market conditions.
BEIJING (AFP) – Huawei’s revenue dipped by just under six per cent in the first half of 2022, company figures showed yesterday, as the Covid-19 pandemic hit sales. The Chinese telecom giant brought in CNY301.6 billion (USD44.8 billion), according to the data, a slip of 5.9 per cent on the previous year. “While our device […]
The Income Tax (IT) Department has conducted raids on various premises of Chinese telecom company Huawei in India as part of a tax evasion investigation, official sources said on Wednesday.