Huawei allocated CNY179.7 billion to R&D last year, representing 20.8% of its total revenue Chinese vendor Huawei reported CNY862.1 billion ($118.6 billion) in revenue last year, climbing 22.4% year-on-year. The vendor’s net profit declined 28% to CNY62.6 billion, impacted by an extraordinary gain in 2023 from the sale of Honor and an increase in its […]