Huawei’s Debt Exceeds $100 Billion, Profits Plunge 32%; The Tech Industry’s Evergrande Is Collapsing
Huawei’s Debt Exceeds $100 Billion, Profits Plunge 32%; The Tech Industry’s Evergrande Is Collapsing
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China’s tech giant Huawei is facing a crisis. Its net profit fell 32% in the first half of this year, while total liabilities exceed 700 billion yuan. The company has been called the “Evergrande of the tech world.” Huawei has long faced overseas accusations, and international sanctions continue to expand. The company has also been involved in a bribery scandal, affecting its global business operations.
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