Huawei first-half revenue rises 15 percent, with smartphone market gains in China
HONG KONG (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL] posted a 15 percent rise in first-half revenue, with industry data showing market share gains at home for the smartphone maker that has been largely shut out of the U.S. market over security concerns. The world's third-largest smartphone maker said on Tuesday revenue rose to 325.7 billion yuan ($47.7 billion) for the six months to June 30 due to strong performances across its businesses including smartphones, telecom equipment and IT infrastructure services. ADVERTISEMENTThe Chinese market is key for Huawei as it has come under increasing fire in United States, Australia and other nations over concerns it could facilitate Chinese government spying. Huawei expanded its market share in the Chinese smartphone market to a record 27 percent in the second quarter from 21 percent a year earlier, according to market research firm Canalys. The estimated market share gains in smartphone shipments come as a slowdown in the world's biggest smartphone market seems to have been arrested, though analysts say a big improvement is unlikely any time soon.Closing the Gap China-Africa ties: How China is transforming Africa smartphone market
referring to After years of friendly relations, China-Africa ties have expanded beyond trade and investment to include all aspects of life. Join us as we showcase just some of the ways that Africa and China are closing the gap between the regions. https://www.cnbcafrica.com/videos/collected by :John Smith
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