News Snapshot:
Chinese telecommunications giant Huawei Technologies Co has set up five new business organisations to further diversify its operations, as its core smartphone and international carrier equipment operations continue to struggle under US trade sanctions. These so-called legions will each focus on specific industries that include digital finance, energy, machine vision, manufacturing digitalisation and public services, according to a video announcement posted on Shenzhen-based Huawei’s online employee forum on Tuesday. “A legion is an elite organisation focused on business exploration and cultivating business models,” Huawei founder and chief executive Ren Zhengfei said in the video. The addition of these five new...
