CBN丨Beijing patched divorce loophole in home buyers; Huawei saw 38% revenue drop in H1

Chinese telecoms giant Huawei saw its revenue drop by 38 percent in the first half of 2021. The company generated a revenue of 320.4 billion yuan ($49.56 billion), it said in an operation report on Friday. The biggest drop came from Huawei’s consumer business group, where revenue fell 47 percent to 135.7 billion yuan. It eked out a 0.6 percent rise in its net profit margin to 9.8 percent.