Huawei sales revenue rises 40%, company wants to make $75 billion in 2016

Huawei sales revenue rises 40%, company wants to make $75 billion in 2016:

Chinese telecom giant and smartphone maker Huawei keeps building up its considerable momentum, announcing a 40% rise in sales revenue for the first half of 2016. This is a 10% improvement compared to the same time last year. In the past six months, the company amassed $36.8 billion (245 billion CNY) and intends to maintain this movement, setting a revenue target of $75 billion for the end of 2016.



Without reflecting on performance details, Huawei noted that it aims to conclude 2016 on a positive financial note, achieved by success in its ongoing operations. CFO ...