Huawei sees revenues surge in the first half of 2016
Chinese technology and smartphone giant #Huawei has reported a 40% surge in revenue for the first half of 2016. The firm reported 245.5bn yuan ($37bn, £28bn) in revenues, up from 175.6bn yuan for the same period last year. It did not disclose its net profit but said the operating margin was 12%, down from 18% in the first half of 2015. Huawei is the third-biggest smartphone vendor in the world behind #Samsung and #Apple and one of the world’s largest telecommunications firms. Originally known for its low-cost smartphones, Huawei has now moved into higher-end models.