Huawei, with an eye on self-reliance, ploughs 25% of revenue into R&D at expense of profits
Huawei Technologies poured more than a quarter of its first-half revenue into research and development, prioritising long-term technological independence over short-term earnings as first-half profit plunged 36 per cent. R&D expenses jumped 25 per cent year on year to 121.4 billion yuan (US$18 bill…
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