Xiaomi’s quarterly profit beat estimates after the world’s third largest smartphone maker narrowed the gap with market leaders Samsung Electronics and Apple in shipments.
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Huawei will launch its new Harmony operating system for smartphones on 2 June, its biggest move yet aimed at recovering from the damage done by US sanctions to its mobile phone business.
Huawei founder Ren Zhengfei has called on the company’s staff to “dare to lead the world” in software as the company seeks growth beyond the hardware operations that US sanctions have crippled.
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Huawei Technologies has appointed Richard Yu, the outspoken leader of its consumer electronics business, as CEO of its smart car solutions unit, signalling the importance it places on future auto tech.
Xiaomi and the US government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone maker.
Huawei is in talks to take control of a Chinese car maker’s electric vehicle unit, two people said, in what is seen as a strategic shift for the world’s largest telecommunications equipment maker.
Huawei Technologies’ quarterly earnings shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business.
Huawei said on Thursday that the Chinese technology giant will expand its cloud computing presence in South Africa, with a new “availability zone” to be built in Cape Town in the next year or two.
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