China’s Huawei says first half revenue grew 13%

By Wei Sheng

Huawei said Monday its revenue during the first half of the year grew 13.1%, a significant slowdown from the same period last year as the company faces stricter sanctions from the United States.

Why it matters: The Shenzhen-based telecommunicat…

Xiaomi readies $4.3 billion in share buybacks

By Wei Sheng

The board of Chinese smartphone maker Xiaomi passed Tuesday a resolution on share buybacks, paving the way for the company to repurchase up to $4.3 billion in shares.

Why it matters: Tuesday’s announcement is part of the company’s broader effor…