简体中文
The founder and CEO of Chinese tech giant Huawei said the company's sales this year and next will drop by 30 billion U.S. dollars to settle at around 100 billion U.S. dollars.
The company registered a revenue of 721.2 billion yuan (104.16 billion U.S. dollars) in 2018, up 19.5 percent from the previous year.
Huawei CEO Ren Zhengfei noted the company will cut its production in the next two years, but stressed a revival in the business is expected in 2021.
Ren also added Huawei will invest 100 billion U.S. dollars to reconstruct the network architecture in the next five years to make it faster, safer and more reliable.
(CGTN)
