"Huawei's Profits Soar, Outpacing Apple and Alibaba in 2023"

1 min read
Source: Bloomberg
"Huawei's Profits Soar, Outpacing Apple and Alibaba in 2023"
Photo: Bloomberg
TL;DR Summary

Huawei's quarterly profit surged to about 13.9 billion yuan, marking a more than 65% increase from the previous year, as the company continues to gain ground in the consumer business against Apple and in the cloud division against Alibaba.

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