Huawei CEO expects sales at $100 billion in 2019, 2020

Huawei founder Ren Zhengfei attends a panel discussion at the company headquarters in Shenzhen, Guangdong province, China June 17, 2019. REUTERS/Aly Song

HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd expects sales this year and next year at around $100 billion, its chief executive Ren Zhengfei said on Monday.

The firm was put on a U.S. blacklist last month that bars it from doing business with American tech firms.

Reporting by Sijia Jiang; Editing by Himani Sarkar

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source: reuters.com