HONG KONG - China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year.
Huawei had not expected that U.S. determination to"crack" the company would be"so strong and so pervasive", Ren said, speaking at the company's Shenzhen headquarters on Monday."We did not expect they would attack us on so many aspects," Ren said, adding he expects a revival in business in 2021. Huawei has also said it could roll out its Hongmeng operating system , which is being tested, within nine months if needed, as its phones face being cut off from updates of Google's Android OS in the wake of the ban.
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