Huawei growth slows as US restrictions begin to hit home Huawei

Huawei says revenues rose by 9.9% during the first nine months of 2020, but there is evidence that sanctions and pressure from the US government are taking its toll on the company’s financial performance.

Revenues rose to 671.3 billion CNY (£77bn), but the rate of growth is significantly lower than the 24.4% it posted during the same period last year.