Chinese tech giant Huawei has recorded much higher growth in revenue collection, up 30 percent than previous year despite being put on blacklist by Washington.
According to reports of Baaghitv, the Chinese tech giant Huawei revenue jumped almost 40 percent in the first quarter of the year compared with the same period of 2018, to 180 billion Chinese yuan ($26 billion).
Huawei has increased this ambitious target despite being blacklisted by Washington in a bid to hamper the growth of the firm, amid ongoing US-China trade war. Huawei has also announced it has signed contracts with 50 5G commercial contracts, with 28 coming from European countries.
Huawei has been accused by Trump administration of spying for Chinese government, a charge vehemently denied by Beijing and Huawei and US has been pressing its allies to ban Huawei from 5G rollouts.