ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

ZTE seeks $10bn credit line under strain of US ban

Losses mount with supply lines severed

ZTE was forced to suspend operations after the U.S. levied an export ban on the company in April.    © Reuters

SHENZHEN -- Chinese smartphone maker ZTE will ask two state-owned banks for more than $10 billion in credit to shore up a balance sheet battered by a U.S. supply ban on the company.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more