Huawei Posts a Surprise Loss After Sanctions Spur R&D

HUAWEITECHNOLOGIES POSTED its first quarterly net loss in years after the company spent aggressively on research in areas from EVs to chips while the business as a whole slowed.

- BLOOMBERG

The Shenzhen-based networking and electronics leader reported a 9.5% rise in revenue to about 276 billion yuan ($38.1 billion) in the December quarter, according to Bloomberg's calculations based on annual results. That follows a string of double-digit increases, fueled by the growing popularity of its Mate devices at