Latest Meng Wanzhou News

Huawei profit sinks in 2022 amid sanctions, but sales higher

Mar. 31, 2023 08:02 AM EDT

HONG KONG (AP) — Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions. ...