China’s Huawei Will Ramp Up R&D as First-Half Sales Quicken
- Revenue grew 40 percent despite stagnant global markets
- Huawei expects to maintain its growth momentum as 5G nears
China's Huawei Plans to Ramp Up R&D
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Huawei Technologies Co.’s revenue growth accelerated in the first half as upgraded smartphones and network gear helped China’s largest vendor of telecommunications equipment counter deteriorating global demand.
The world’s third-largest smartphone brand grew revenue 40 percent to 245.5 billion yuan ($37 billion) in the first six months, the Shenzhen-based company said in a statement. That’s up from the 30 percent growth it managed in the first half of 2015.