Huawei founder says confident on firm’s ability to survive pressure

TAIYUAN, China (Reuters) – Technologies founder Ren Zhengfei said on Tuesday he was confident of the company’s ability to survive and that it had more means to overcome difficulties, even as its mobile business remains under pressure.

Ren, in his first media appearance since March last year, said the company achieved positive growth for both 2020 revenue and net profit, and that it continued to see significant levels of confidence from its customers.

He was speaking in the northern mining city of Taiyuan, as the company launched a 5G mining project with state-owned companies and the provincial government.


(This story was corrected officially after the company clarified that Ren made last media appearance in March, not February last year in paragraph 2)


(Reporting by David Kirton in Taiyuan; Writing by Brenda Goh; Editing by Himani Sarkar)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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