Huawei focuses on emerging markets as outlook in West remains dim

Chinese market accounts for 70% of sales, reversing past source of revenue

20210816 Huawei

While overseas markets have been the driving force behind Huawei's growth, the company is now becoming more dependent on its home market.  (Photo by Ken Kobayashi)

TAKASHI KAWAKAMI, YUSUKE HINATA, Nikkei staff writers

GUANGZHOU -- China's Huawei Technologies is betting on emerging markets to reinvigorate its overseas business, which at one time accounted for around 70% of its total revenue, as a U.S.-led boycott of the company continues to cloud its outlook in Western markets.

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