Huawei’s first quarter revenue tumbles as smartphone sales plunge

Huawei’s smartphone business has struggled under U.S. sanctions that restrict it from buying chips and other components from key suppliers. Costfoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our […]

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Business Tech

Takealot Group nears breakeven as revenue surges

Global internet group Naspers said it delivered a strong financial performance for the six months ending September 2021, growing e-commerce revenues by 52%, while continuing to make investments to further accelerate growth across its portfolio. E-commerce revenue growth accelerated, up 52% to $4.6 billion, while the group pointed to a figure of $5.2 billion invested […]

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