Written by
Eileen Yu, Contributor
Eileen Yu
Contributor
Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently an independent business technology journalist and content specialist based in Singapore, she has over 20 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.
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Posted in By The Way
on December 31, 2021
| Topic: Tech Industry
Huawei Technologies warns that it will see “serious challenges” in 2022, amidst an uncertain business environment, “politicisation of technology”, and further “deglobalisation”. It also reveals plans to streamline decision-making processes in its local offices next year, giving these outfits more autonomy.
The Chinese tech vendor is expecting to close the year with 634 billion yuan ($99.45 billion) in revenue, a 28.88% dip from 891.4 billion yuan in 2020. Its carrier business had stayed “stable” and its enterprise unit saw growth, said Huawei’s rotating chairman Guo Ping, in his new year message Friday to employees.
He added that digital transformation in global economies had become a major growth engine and there were new opportunities in green and low-carbon technologies, but warned of uncertainties in the year ahead,
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