China’s ZTE posts 1.1 billion first-half loss on impact from U.S. supplier ban

August 30, 2018 admin Business News Comments Off on China’s ZTE posts 1.1 billion first-half loss on impact from U.S. supplier ban

ZTE Corp reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on U.S. firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months.

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Source:: Reuters – Business News