Huawei predicts $30b revenue shortfall, growth decline
The Chief Executive Officer, Huawei, Ren Zhengfei, has admitted that the current challenge facing the company will cost the firm at least $30 billion in revenues for 2019 and 2020. Speaking during one of the interview sessions, broadcast by Chinese state-owned, CGTN, with the theme, ‘A coffee with Ren’, organised to demonstrate once more how…
Huawei founder says US underestimates company
Huawei founder Ren Zhengfei on Tuesday shrugged off US attempts to block his company's global ambitions, saying the United States underestimates the telecom giant's strength.