Huawei: Sales rose 18% in 2019

Antelope Valley Press - - Business -

BEI­JING — Chi­nese tele­com gi­ant Huawei Tech­nolo­gies said Tues­day that its sales rose about 18% in 2019 de­spite U.S. moves to re­strict its busi­ness.

The es­ti­mate came in an an­nual New Year’s mes­sage to em­ploy­ees from chair­man Eric Xu. The let­ter pre­dicted 2020 would be a dif­fi­cult year, say­ing the Amer­i­can pres­sure cre­ates a chal­leng­ing en­vi­ron­ment for Huawei to sur­vive and thrive.

“De­spite con­certed ef­forts by the U.S. gov­ern­ment to keep us down, we’ve made it out the other side and con­tinue to cre­ate value for our cus­tomers,” Xu wrote near the start of the let­ter, which was re­leased to the AP and other me­dia.

The U.S. gov­ern­ment says Huawei tech­nol­ogy poses a se­cu­rity risk and has urged other coun­tries not to buy its 5G mo­bile net­work equip­ment. It has also put Huawei on its en­tity list, block­ing U.S. tech­nol­ogy sales to the com­pany. Huawei de­nies the al­le­ga­tions.

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