<a href="https://www.wionews.com/world/facebook-suspends-app-pre-installs-on-huawei-phones-225167">Chinese tech giant Huawei Technologies</a> warned on Tuesday a US trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23 per cent thanks to soaring smartphone sales at home.

In its first results since Washington placed it on a so-called entity list in May that effectively banned US firms from supplying to it, Huawei also said it remained focused on improving the global smartphone business which bore the brunt of supply chain disruptions caused by the US action.

"Revenue grew fast up through May," Huawei Chairman Liang Hua told reporters at an earnings briefing.

"Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term," he said.

The US government alleges the Chinese firm is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied.

It has since been given a three-month reprieve till August 19, and <a href="https://www.wionews.com/business-economy/hong-kong-stocks-fall-amid-us-china-trade-tensions-protests-in-city-239117">US President Trump</a> signalled Washington would be relaxing the sanctions on Huawei, though details are unknown.

Huawei's founder and CEO Ren Zhengfei told reporters last month that the impact of the blacklisting was worse than expected. It could cost the company $30 billion in revenue, and that Huawei's revenue this year and in 2020 could stay roughly the same as 2018 at around $100 billion, he said.

Liang said on Tuesday Huawei remained confident in its ability to cope with the blacklisting and its 5G product roll-out had not been affected. The company has won 11 5G contracts since the blacklist was put in place out of a total of 50 bagged so far, he said.

Analysts said strong domestic smartphone sales and new 5G carrier contracts were helping to offset the impact from the export ban that threatens to cut Huawei's access to advanced US components and software such as Google Android apps.

Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion), faster than the 15 per cent growth of a year earlier.

Shipments of its smartphones jumped 24 per cent to 118 million units, as robust sales in China more than offset a global sales drop.

According to data from Canalys, Huawei expanded its lead in China's smartphone market in the second quarter by more than 10 percentage points to nearly 40 per cent of the market, while overseas smartphones sales had a slight drop year-on-year.

Liang said that the company's proprietary Hongmeng mobile operating system was still under development for connected devices and that its preference was to continue to use Google's Android operating system for mobile.

Huawei has given little information about Hongmeng, its own back-up operating system under development in case it was cut off from US-made software.

"Hongmeng is part of our long-term strategy...we are definitely not bluffing," Liang said.

Chinese tech giant Huawei Technologies warned on Tuesday a US trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23 per cent thanks to soaring smartphone sales at home.

Chinese tech giant Huawei Technologies warned on Tuesday a US trade blacklisting will impact short-term revenue growth, even as its half-year revenue surged 23 per cent thanks to soaring smartphone sales at home. In its first results since Washington placed it on a so-called entity list in May that effectively banned US firms from supplying to it, Huawei also said it remained focused on improving the global smartphone business which bore the brunt of supply chain disruptions caused by the US action. "Revenue grew fast up through May," Huawei Chairman Liang Hua told reporters at an earnings briefing. "Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term," he said. The US government alleges the Chinese firm is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied. It has since been given a three-month reprieve till August 19, and US President Trump signalled Washington would be relaxing the sanctions on Huawei, though details are unknown. Huawei's founder and CEO Ren Zhengfei told reporters last month that the impact of the blacklisting was worse than expected. It could cost the company $30 billion in revenue, and that Huawei's revenue this year and in 2020 could stay roughly the same as 2018 at around $100 billion, he said. Liang said on Tuesday Huawei remained confident in its ability to cope with the blacklisting and its 5G product roll-out had not been affected. The company has won 11 5G contracts since the blacklist was put in place out of a total of 50 bagged so far, he said. Analysts said strong domestic smartphone sales and new 5G carrier contracts were helping to offset the impact from the export ban that threatens to cut Huawei's access to advanced US components and software such as Google Android apps. Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion), faster than the 15 per cent growth of a year earlier. Shipments of its smartphones jumped 24 per cent to 118 million units, as robust sales in China more than offset a global sales drop. According to data from Canalys, Huawei expanded its lead in China's smartphone market in the second quarter by more than 10 percentage points to nearly 40 per cent of the market, while overseas smartphones sales had a slight drop year-on-year. Liang said that the company's proprietary Hongmeng mobile operating system was still under development for connected devices and that its preference was to continue to use Google's Android operating system for mobile. Huawei has given little information about Hongmeng, its own back-up operating system under development in case it was cut off from US-made software. "Hongmeng is part of our long-term strategy...we are definitely not bluffing," Liang said.

Huawei warns on US ban after China smartphone sales drive first half revenue

China's <a href="https://www.wionews.com/business-economy/huaweis-china-smartphone-market-share-jumps-as-rivals-lose-ground-report-239367">Huawei Technologies</a> said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion) from 325.7 billion a year ago, with smartphone shipments reaching 118 million units, up 24%.

Huawei's supply chain was significantly disrupted when it was put on a trade blacklist by Washington in mid-May. The US government alleges it is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied.

It has since been given a 3-month reprieve till August 19, and US&nbsp;President Trump signalled Washington would be relaxing the sanctions on Huawei, though details are unknown.

Huawei's 23% revenue growth for the first half compared with the 15% growth in the same period of last year.

"Revenue grew fast up through May," Huawei Chairman Liang Hua told reporters at an earnings briefing.

"Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term."

Huawei's founder and CEO Ren Zhengfei told reporters last month that the impact of the blacklisting was worse than expected. It could cost the company $30 billion in revenue, and that Huawei's revenue this year and in 2020 could stay roughly the same as 2018 at around $100 billion, he said.

Analysts say strong domestic smartphone sales and new 5G carrier contracts helped offset the impact from the export ban that threatens to cut Huawei's access to advanced US components and software such as Google Android apps.

According to data from Canalys, Huawei expanded its lead in China's smartphone market in the second quarter, while overseas smartphones sales had a slight drop year-on-year.

China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May. Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion) from 325.7 billion a year ago, with smartphone shipments reaching 118 million units, up 24%. Huawei's supply chain was significantly disrupted when it was put on a trade blacklist by Washington in mid-May. The US government alleges it is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied. It has since been given a 3-month reprieve till August 19, and US President Trump signalled Washington would be relaxing the sanctions on Huawei, though details are unknown. Huawei's 23% revenue growth for the first half compared with the 15% growth in the same period of last year. "Revenue grew fast up through May," Huawei Chairman Liang Hua told reporters at an earnings briefing. "Given the foundation, we laid in the first half of the year, we continue to see the growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term." Huawei's founder and CEO Ren Zhengfei told reporters last month that the impact of the blacklisting was worse than expected. It could cost the company $30 billion in revenue, and that Huawei's revenue this year and in 2020 could stay roughly the same as 2018 at around $100 billion, he said. Analysts say strong domestic smartphone sales and new 5G carrier contracts helped offset the impact from the export ban that threatens to cut Huawei's access to advanced US components and software such as Google Android apps. According to data from Canalys, Huawei expanded its lead in China's smartphone market in the second quarter, while overseas smartphones sales had a slight drop year-on-year.

Huawei's first-half revenue growth accelerates despite US sanctions

Chinese telecom giant Huawei's chief financial officer faces US fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday, a week after she was <a href="http://www.wionews.com/world/huawei-cfo-arrested-in-canada-faces-extradition-to-us-181757">detained on an American extradition request</a>.

Meng Wanzhou, 46, was arrested in Canada's Pacific coast city of Vancouver on December 1 while changing planes during a trip from Hong Kong to Mexico -- ratcheting up tensions between the United States and China just as the countries' leaders agreed to a truce in their trade war.

A day-long hearing was adjourned until Monday, when the judge is expected to render a decision on bail. Until then, she will remain in custody.

<a href="http://www.wionews.com/world/huawei-arrest-canada-pm-justin-trudeau-defends-detaining-meng-wanzhou-182040">Canadian government </a>lawyer John Gibb-Carsley asked for bail to be denied, saying Meng has been accused of "conspiracy to defraud multiple financial institutions" and if convicted faces more than 30 years in prison.

She is specifically accused of lying to a US bank, identified by her lawyer as "Hong Kong Bank," about the use of a covert subsidiary to sell to Iran in breach of sanctions.

Meng had personally denied to bankers any direct connections between Huawei and the subsidiary, SkyCom, when in fact "SkyCom is Huawei," Gibb-Carsley said, putting the bank in jeopardy of violating sanctions. SkyCom's alleged sanctions breaches occurred from 2009 to 2014, while Meng's alleged fraudulent misrepresentations were in 2013.

Meng had been a member of SkyCom's board a decade ago, but the company was later sold, said her lawyer David Martin.

US authorities, however, claim Huawei continued to control the company, with Gibb-Carsley noting that SkyCom employees continued to carry Huawei identification and use its email.

He suggested that Meng has also shown a pattern of avoiding the United States over the past year since becoming aware of the investigation into the matter, arguing that she has no ties to Canada and has access to vast wealth and political connections -- and thus poses a flight risk.

Meng's detention in Canada came on the day of a summit at which US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce in the escalating trade dispute between the two economic powerhouses.

China says Meng -- the daughter of Huawei founder Ren Zhengfei, a former engineer in China's People's Liberation Army -- has violated no laws in Canada or the United States and has demanded her release.

Washington and Beijing have exchanged steep tariffs on more than $300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.

Trump tweeted Friday that negotiations to defuse the high-stakes dispute were "going very well," but the messages since Meng's arrest have been mixed, roiling global stock markets.

Her appearance at the British Columbia Supreme Court in Vancouver is a prelude to an extradition process that could take months.

'Princess' of Huawei

CNN, quoting an unnamed official, said the United States saw the arrest as providing leverage in US-China trade talks -- although White House trade advisor Peter Navarro has denied any link to the dialogue.

On Friday, Beijing nevertheless alleged that Meng, known internally as the "princess" of Huawei and possible heir to the throne, had become a pawn in the dispute.

"The Chinese government should seriously mull over the US tendency to abuse legal procedures to suppress China's high-tech enterprises," said the nationalist tabloid Global Times in an editorial.

"Obviously, Washington is resorting to a despicable rogue's approach as it cannot stop Huawei's 5G advance in the market," it went on.

Meng spent most of the past week at a women's detention facility in a suburb of Vancouver.

If she is released on bail, she has agreed to surrender her passports and submit to electronic monitoring until she is discharged or surrendered for trial to the United States. All security costs would be borne by her.&nbsp;

The extradition process could take months, even years, if appeals are made in the case. The court heard Meng's husband Xiaozong Liu owns two mansions in the city.

Repeated setbacks

Canada has a longstanding extradition treaty with the United States, requiring it to cooperate with US Department of Justice requests to hand over suspects.

The offense for which extradition is being sought must also be a crime in Canada.

A Canadian court must decide if there is sufficient evidence to support the extradition, but then it is left to Canada's justice minister to sign the order.

On Thursday, Prime Minister Justin Trudeau defended Canada's arrest of Meng, saying politics played no part in the decision.

"I can assure everyone that we are a country (with) an independent judiciary," Trudeau told a tech conference in Montreal.

Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns.

Canadian officials have said Ottawa was continuing to review Huawei's technology for use in upcoming fifth-generation networks.

The company faces being shut out of Australia, New Zealand and US 5G rollouts, and British telecom group BT revealed on Wednesday it was removing Huawei equipment from its core cellular network.

The five nations together form the "Five Eyes" intelligence alliance.

Chinese telecom giant Huawei's chief financial officer faces US fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday, a week after she was detained on an American extradition request.

Chinese telecom giant Huawei's chief financial officer faces US fraud charges related to sanctions-breaking business dealings with Iran, a Canadian court heard Friday, a week after she was detained on an American extradition request. Meng Wanzhou, 46, was arrested in Canada's Pacific coast city of Vancouver on December 1 while changing planes during a trip from Hong Kong to Mexico -- ratcheting up tensions between the United States and China just as the countries' leaders agreed to a truce in their trade war. A day-long hearing was adjourned until Monday, when the judge is expected to render a decision on bail. Until then, she will remain in custody. Canadian government lawyer John Gibb-Carsley asked for bail to be denied, saying Meng has been accused of "conspiracy to defraud multiple financial institutions" and if convicted faces more than 30 years in prison. She is specifically accused of lying to a US bank, identified by her lawyer as "Hong Kong Bank," about the use of a covert subsidiary to sell to Iran in breach of sanctions. Meng had personally denied to bankers any direct connections between Huawei and the subsidiary, SkyCom, when in fact "SkyCom is Huawei," Gibb-Carsley said, putting the bank in jeopardy of violating sanctions. SkyCom's alleged sanctions breaches occurred from 2009 to 2014, while Meng's alleged fraudulent misrepresentations were in 2013. Meng had been a member of SkyCom's board a decade ago, but the company was later sold, said her lawyer David Martin. US authorities, however, claim Huawei continued to control the company, with Gibb-Carsley noting that SkyCom employees continued to carry Huawei identification and use its email. He suggested that Meng has also shown a pattern of avoiding the United States over the past year since becoming aware of the investigation into the matter, arguing that she has no ties to Canada and has access to vast wealth and political connections -- and thus poses a flight risk. Meng's detention in Canada came on the day of a summit at which US President Donald Trump and his Chinese counterpart Xi Jinping agreed to a truce in the escalating trade dispute between the two economic powerhouses. China says Meng -- the daughter of Huawei founder Ren Zhengfei, a former engineer in China's People's Liberation Army -- has violated no laws in Canada or the United States and has demanded her release. Washington and Beijing have exchanged steep tariffs on more than $300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits. Trump tweeted Friday that negotiations to defuse the high-stakes dispute were "going very well," but the messages since Meng's arrest have been mixed, roiling global stock markets. Her appearance at the British Columbia Supreme Court in Vancouver is a prelude to an extradition process that could take months. 'Princess' of Huawei CNN, quoting an unnamed official, said the United States saw the arrest as providing leverage in US-China trade talks -- although White House trade advisor Peter Navarro has denied any link to the dialogue. On Friday, Beijing nevertheless alleged that Meng, known internally as the "princess" of Huawei and possible heir to the throne, had become a pawn in the dispute. "The Chinese government should seriously mull over the US tendency to abuse legal procedures to suppress China's high-tech enterprises," said the nationalist tabloid Global Times in an editorial. "Obviously, Washington is resorting to a despicable rogue's approach as it cannot stop Huawei's 5G advance in the market," it went on. Meng spent most of the past week at a women's detention facility in a suburb of Vancouver. If she is released on bail, she has agreed to surrender her passports and submit to electronic monitoring until she is discharged or surrendered for trial to the United States. All security costs would be borne by her. The extradition process could take months, even years, if appeals are made in the case. The court heard Meng's husband Xiaozong Liu owns two mansions in the city. Repeated setbacks Canada has a longstanding extradition treaty with the United States, requiring it to cooperate with US Department of Justice requests to hand over suspects. The offense for which extradition is being sought must also be a crime in Canada. A Canadian court must decide if there is sufficient evidence to support the extradition, but then it is left to Canada's justice minister to sign the order. On Thursday, Prime Minister Justin Trudeau defended Canada's arrest of Meng, saying politics played no part in the decision. "I can assure everyone that we are a country (with) an independent judiciary," Trudeau told a tech conference in Montreal. Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns. Canadian officials have said Ottawa was continuing to review Huawei's technology for use in upcoming fifth-generation networks. The company faces being shut out of Australia, New Zealand and US 5G rollouts, and British telecom group BT revealed on Wednesday it was removing Huawei equipment from its core cellular network. The five nations together form the "Five Eyes" intelligence alliance.

Huawei's Meng Wanzhou faces US fraud charges linked to Iran, bail hearing to continue on Monday

China's technology giant Huawei Technologies on Friday appointed Chairman Liang Hua as acting chief financial officer (CFO) following the <a href="http://www.wionews.com/world/huawei-cfo-arrested-in-canada-faces-extradition-to-us-181757">arrest of their present CFO Meng Wanzhou in Canada</a>, news agency Reuters reported.

Huawei CFO Meng Wanzhou, 46, who is also the daughter of the company founder, was arrested on December 1 -- same day when US Presidents Donald Trump and Chinese President Xi Jinping made a truce on trade war during G20 summit in Argentina.

She was arrested at the request of the United States and was revealed by Canadian authorities late on Wednesday. The arrest was part of a US investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran

Also read:<a href="http://www.wionews.com/world/what-you-need-to-know-about-chinese-tech-giant-huawei-181879">&nbsp;What you need to know about Chinese tech giant Huawei</a>

She will appear in Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States.

With <a href="http://www.wionews.com/world/china-urges-immediate-release-of-huawei-cfo-meng-wanzhou-181949">China demanding the release of Meng,</a> Canadian Prime Minister Justin Trudeau distanced Canada from the arrest saying that the officers who arrested Meng while she was changing planes in Vancouver had acted on their own.

"I can assure everyone that we are a country (with) an independent judiciary," Trudeau told a tech conference in Montreal. "And they took this decision without any political involvement or interference."

Meanwhile, China has said that Meng, the daughter of Huawei<a href="http://www.wionews.com/world/arrest-of-huawei-cfo-throws-rare-spotlight-on-family-181953"> founder Ren Zhengfei</a>, a former engineer in China's People's Liberation Army, had violated no laws in either Canada or the United States.

Huawei has also denied any wrongdoing saying that it was compliant with "all applicable laws and regulations where it operates."

Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns.

(With inputs from news agencies)

China's technology giant Huawei Technologies on Friday appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest of their present CFO Meng Wanzhou in Canada, news agency Reuters reported.

China's technology giant Huawei Technologies on Friday appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest of their present CFO Meng Wanzhou in Canada, news agency Reuters reported. Huawei CFO Meng Wanzhou, 46, who is also the daughter of the company founder, was arrested on December 1 -- same day when US Presidents Donald Trump and Chinese President Xi Jinping made a truce on trade war during G20 summit in Argentina. She was arrested at the request of the United States and was revealed by Canadian authorities late on Wednesday. The arrest was part of a US investigation into an alleged scheme to use the global banking system to evade US sanctions against Iran Also read: What you need to know about Chinese tech giant Huawei She will appear in Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States. With China demanding the release of Meng, Canadian Prime Minister Justin Trudeau distanced Canada from the arrest saying that the officers who arrested Meng while she was changing planes in Vancouver had acted on their own. "I can assure everyone that we are a country (with) an independent judiciary," Trudeau told a tech conference in Montreal. "And they took this decision without any political involvement or interference." Meanwhile, China has said that Meng, the daughter of Huawei founder Ren Zhengfei, a former engineer in China's People's Liberation Army, had violated no laws in either Canada or the United States. Huawei has also denied any wrongdoing saying that it was compliant with "all applicable laws and regulations where it operates." Huawei's affordable smartphones have made strong inroads in the developing world, but the company has faced repeated setbacks in major Western economies over security concerns. (With inputs from news agencies)

China's Huawei appoints chairman as acting CFO after Meng Wanzhou's arrest

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Huawei warns on US ban after China smartphone sales drive first half revenue

Huawei's first-half revenue growth accelerates despite US sanctions

Huawei's Meng Wanzhou faces US fraud charges linked to Iran, bail hearing to continue on Monday

China's Huawei appoints chairman as acting CFO after Meng Wanzhou's arrest