Telecommunications

Huawei said that its revenue for 2019 jumped 18% to USD 122 billion.

Online mobile engagement is driven by smart devices, digitization in the offline retail industry and live streaming, according to research firm QuestMobile.

Huawei shipped a total of 240 million devices in 2019, up from over 200 million units last year.

In China, users spent an average of 600 million cumulative hours watching short-form videos, according to the 2019 Internet Trend Report.

Chinese manufacturer taps new market abroad as Huawei eats its lunch at home.

The United States Federal Communications Commission has classified Huawei as a security threat, barring US telcos from using government funds to buy Huawei’s equipment.

The company will release its first 5G model in China soon.

5G phones are predicted to hit over 100 million shipments by the end of 2020.