Huawei shrugs off US sanctions with fastest growth in four years

Revenue at Chinese telecom rose 10% as net profit more than doubles

Chinese telecoms firm Huawei grew faster in 2023 than it has for four years, as it shrugged off the impact of US sanctions.

Revenues rose by nearly 10% to 704.2bn yuan (77bn) as the Shenzhen-based company enjoyed a rebound within its consumer segment, which includes smartphone handsets.