Tag: Mr Ren
Huawei founder says revenue will be $30 billion less over next 2 years
Huawei’s founder has likened his company to a badly damaged plane, and said revenues will be 30 billion US dollars (£24 billion) less than forecast over the next two years. Ren Zhengfei said at company headquarters in Shenzhen that the Chinese telecom giant will reduce capacity, but insisted that US moves to restrict its business…