US-China business: The necessary reinvention of Huawei

With sanctions derailing its traditional operations, the Chinese telecoms group is now rushing to boost areas such as cloud services, 6G and autonomous vehicles.

US sanctions have had a stark impact on Huawei’s main businesses – smartphones and telecoms infrastructure. PHOTO: AGENCE FRANCE PRESSE
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(FINANCIAL TIMES) - When Meng Wanzhou returned home to China at the weekend, the presumed heiress of technology group Huawei pledged to harness the lessons of almost three years in legal limbo in Canada to the benefit of her company.

"All the frustration and difficulties, gratitude and emotion, steadfastness and responsibility," she told a flag-waving welcome crowd on the tarmac at Shenzhen airport, "will transform into momentum for moving us forward, into courage for our all-out fight."

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