Sanctions hit Huawei sales

Huawei also faces pressure abroad in its telecommunications infrastructure business.

China’s Huawei Technologies has reported a 9.9% rise in nine-month revenue, as US export restrictions and the global Covid-19 pandemic weakened sales growth in products such as smartphones and telecoms equipment.

Revenue reached 671.3 billion yuan (€85bn) in the nine months to the end of September, it said, without providing a segment breakdown. Revenue grew 13% in the January-June period.