Huawei has sought to diversify into new areas including cloud computing and automotive after a rough few years in which U.S. sanctions have hit the company.
, which was once the number one in the world. Huawei's consumer business, which houses its smartphone unit, fell more than 11% to 214.5 billion yuan in 2022, a significantly less sharp decline than 2021.
Huawei has continued to launch devices from smartphones to smartwatches. But the company has struggled to sell devices outside of China as it is unable to use Android, an operating system that is well-used overseas. Huawei launched its, which it says was installed on 330 million devices at the end of 2022, up 113% year-on-year. But that operating system has failed to gain traction outside of China.
Huawei's carrier business, which includes the equipment it sells to telecommunications companies, generated 284 billion yuan in revenue, a 0.9% year-on-year rise, compared with a fall in 2021. The U.S. has been urging countries over the past few years to ban Huawei from their next-generation 5G networks. Countries like the U.K. have already done so, whileWith challenges in both the carrier and consumer business, Huawei has sought to diversify the company into new areas.
. Huawei said its nascent "Intelligent Automotive Solutions" unit brought in 2.1 billion yuan in 2022. The company said it has invested $3 billion in the unit since it was established in 2019 and it now has 7,000 research and development staff.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Axios Investigates: Chinese activists' names used in bomb threats across U.S. and EUMore than a dozen false bomb threats made at luxury hotels and embassies across several locations around the world appear to be part of a harassment campaign targeting three Chinese people living abroad who have been critical of China's government.
Read more »
US puts trade curbs on 5 Chinese firms over alleged role in Uyghur repressionThe Biden administration on Tuesday imposed new trade restrictions on five Chinese companies for allegedly aiding in the repression of the Uyghur Muslim minority but China rejected the accusation as 'lies' aimed at constraining it.
Read more »
Chinese college nudges students to 'enjoy love' during extended spring break amid falling birthratesAmid a declining birth rate, the Chinese government is looking to boost ways to increase the communist country's lower birth rate and overcome its negative population growth.
Read more »
Alibaba, Softbank shares surge on Chinese tech giant's restructuringAlibaba shares surged 16% on hopes that the Chinese tech giant's restructuring means Beijing's tech crackdown is finally ending
Read more »
Yang Chun Mian (Chinese Soy Sauce Noodles)Yang chun mian is a soul-warming breakfast that epitomizes the delicate, understated flavors of China’s famed Jiangnan cuisine.
Read more »