Huawei's Resurgence in Mobile Telecom Business

Huawei's mobile telecom business is experiencing a resurgence, with a significant increase in sales in 2023. The company's smartphone market share in China has recovered, and it has launched the 5G Mate 60 Pro, leading to a 36% year-on-year increase in shipments. Additionally, Huawei aims to double its smartphone shipments in 2024 and transition to its own operating system. The company has also made significant progress in 5.5G, deploying a pilot network in Beijing, which is expected to become a benchmark for future 5.5G networks.