China's Huawei Reports Sales Gain Despite US Sanctions

China's Huawei Reports Sales Gain Despite US Sanctions: Huawei, the Chinese tech giant has reported a double-digit rise in sales despite U.S. sanctions that threaten to disrupt its smartphone and network equipment businesses. Huawei Technologies Ltd. said on Oct. 16, that its sales rose 24.4% in the first nine months of 2019 to 610.8 billion yuan ($86 billion), that was faster than the 23.2% gain reported for the first half.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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