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Huawei sales reach over $100 billion in 2018

Huawei Technologies’ consumer business group became the biggest contributor to record revenue for the first time in 2018, reporting an annual revenue of RMB 721.2 billion ($107.1 billion) last year, a 19.5% increase year-on-year, said the South China Morning Post. With its latest financial results, Huawei has joined the ranks of multinational technology companies in […]

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Brief Business Practice Company profile Economics & Trade Manufacturing Tech, Media & Telecom

UK chastises Huawei for security failings

The UK government-led board that oversees the vetting of Huawei gear in Britain has  publicly chastised China’s Huawei Technologies for failing to fix long-standing security flaws in its mobile network equipment, said Reuters. The board released a report that revealed new “significant technical issues,” increasing pressure on the company as it battles Western allegations that […]

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How Meituan Dianping became China’s super-platform for services

POCKET SERVICES

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Company profile Property Tech, Media & Telecom

Soufun (SFUN.NASDAQ)

Being a bellwether for the property industry can only be bad news