Huawei on Monday reported a sharp jump in 2024 revenue as its core telecommunications and consumer businesses accelerated. The consumer business raked in sales of 339 billion yuan, a 38.3% rise and a sharp acceleration from the growth seen last year,

Huawei Technologies posted a sharp 28% drop in net profit for 2024 despite a surge in revenue, as the Chinese telecoms and consumer electronics giant boosted investment in strategic technologies to counter U.