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Syngenta and Huawei Drive Profitability
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Overview
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In 2023, Syngenta Group achieved $32.2 billion in sales and $4.6 billion in EBITDA, witnessing varied performance across its divisions. Syngenta decided to withdraw its IPO application in China to focus on market consolidation. Huawei's profits more than doubled in 2023, reaching 87 billion yuan, with notable growth in its cloud and digital businesses.
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How might Syngenta's decision to withdraw its IPO impact its global expansion plans?
What factors contributed to Huawei's strong financial performance despite facing sanctions?
What implications could the profitability of Chinese companies in Australia have on bilateral trade relationships?
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