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Huawei defies US ban to notch 39% revenue growth

Company accelerates shipments of 5G equipment to Europe, Middle East and Asia

Huawei has launched a media blitz to counter suspicions that its equipment could be used for spying.   © Reuters

GUANGZHOU -- Huawei Technologies' revenue jumped 39% on the year to 179.7 billion yuan ($26.8 billion) in first-quarter results out Monday, driven by rising demand for its smartphones and 5G network equipment in China, Europe and elsewhere.

The increase for the three months ended March amounted to twice the 19.5% growth logged for all of 2018.

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