SCMP: Huawei set sights on digital financial services to diversify revenue sources as U.S. sanctions hit smartphone, telecoms equipment business
Tue June, 2021, Age: 3 years
In a new effort to sustain its business amid U.S. sanctions, Huawei seeks to enter the global financial services industry. The president of Huawei’s financial services unit, Jason Cao, identified the Middle East, Southeast Asia, Latin America and Africa as prime areas of growth. Huawei has sought to branch out to other fields, including electric vehicles and cloud services.