Telecoms giant Huawei takes centre stage at MWC Shanghai, reveals ‘slight’ growth in 2020
- Huawei, the world’s largest telecoms gear maker and China’s biggest smartphone vendor, achieved growth in 2020 amid US trade restrictions and the pandemic
- The Shenzhen-based company introduced its new Mate X2 foldable 5G smartphone at MWC Shanghai

“The past year was, indeed, very difficult [for Huawei], [but] I think it is the same for everyone. Huawei is no exception,” said Hu, without elaborating on the company’s financial performance last year. He indicated that operations last year were “stable” and met the company’s expectations.
“Innovation isn’t just about solving the challenges we face today,” Hu said. “It’s about lighting up tomorrow. Once we get the pandemic under control, we need to think hard about how we can innovate to improve quality of life, make businesses smarter and create a more inclusive world.”
The Shenzhen-based company’s revenue reached US$136.7 billion last year, up 11.2 per cent from 2019, while profits grew 10.4 per cent to US$9.9 billion, according to an earlier report by Shanghai-based publication China Business News.
