Huawei revenue growth slows to 13.1% in first half of 2020 amid US pressure

Huawei Technologies Co Ltd, the telecoms firm and No.2 smartphone maker, on Monday reported a 13.1% rise in revenue in the first half of the year, showing slower growth as US officials continue to pressure the company's suppliers and customers.
 

Revenue rose 13.1% to 454 billion yuan ($64.90 billion) in the first half of the year, compared to 401.3 billion yuan the year before. However, the company's growth rate was down from 23.2% in the first half 2019. Huawei said net profit margins were 9.2%, up from 8.7% in the first half 2019.
 

The Chinese technology company posted the rise