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Huawei crackdown

Huawei's grip on China market softens blow of US crackdown

Share of global 5G equipment market rises thanks to domestic sales

TAIPEI -- Huawei Technologies' dominance of its home market helped it withstand the worst of a U.S.-led international crackdown on its businesses in 2020, as the Chinese tech champion posted an increase in sales and profit.

Huawei's performance, detailed in its audited annual report published on Wednesday, shows how heavily it now relies on China, where demand for the company's fifth-generation telecoms network equipment soared.

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