Huawei Technologies, the Chinese telecommunications group that has been the subject of international security concerns, saw revenue in the first half of 2014 jump 19 per cent year-on-year to Rmb135.8bn fuelled by global network demand.
Stronger sales at Huawei, founded in 1987 by ex-military officer Ren Zhengfei and self-styled as an “employee-owned company”, follow a ramp-up in spending in China on 4G equipment by its biggest customers: China Mobile, China Unicom and China Telecom, the big three telecoms providers.
Huawei’s efforts to clinch deals in the US have been blocked over what Washington sees as security concerns, something the company denies.
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