Chinese demand helps Huawei increase revenues Huawei

Domestic demand for its services helped Huawei post annual increases in profit and revenues during 2020 despite the ongoing impact of US sanctions that have severely restricted parts of its business.

The company has been on the US ‘non-entity’ list since 2019, a status that severely impacts its ability to source technologies from American companies, while Washington has also put pressure on its allies to ban the firm from participating in their 5G rollouts due to national security concerns.