Huawei founder urges focus on cash flow to ensure survival

clock • 2 min read
Ren Zhengfei said "the chill will be felt by everyone"
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Ren Zhengfei said "the chill will be felt by everyone"

The business will sell off non-core divisions and could withdraw from some countries entirely - though it remains committed to the ICT sector.

As the world economy faces a looming recession, Huawei Technologies' founder in China has urged staff to put profitability and cash flow before sales to ensure the company's survival. According ...

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