Chinese tech firm Huawei released quarterly financial results for the first time ever in a defiant move.
The company says its first quarter revenue rose 39% to 179.7 billion yuan , despite the US accusing it of espionage for the Chinese government.Huawei is a private company, so these numbers are not audited.
Huawei is based in Shenzen, China, and is the world's biggest telecoms equipment maker, and one of the biggest smartphone makers. The limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.
The Chinese firm, which is also the world's No. 3 smartphone maker, said last week the number of contracts it has won to provide 5G telecoms gear increased further despite the U.S. campaign.
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