(Bloomberg) — Huawei Technologies Co. will overhaul its management ranks after revenue growth slowed in the latter half of 2019, when U.S. sanctions spooked customers and suppliers around the globe.China’s biggest technology company recorded an 18% rise in sales to 850 billion yuan ($120 billion) this year, down from about 23% in the first half and missing its own internal targets. Huawei should brace for a similar hit in 2020 if the White House maintains curbs on the sale of software and circuitry it needs, like essential Android phone apps, Rotating Chairman Eric Xu said in a Tuesday memo to …read more
Source:: Yahoo Finance
