Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters. The forecast offers further evidence that Huawei is rebounding after U.S. sanctions starting in 2019 crippled some of its business lines by restricting access to critical global technologies such as advanced chips. In the message sent to staff, Hu said Huawei's device business segment, which includes its smartphone business, had performed better than expected in 2023.
In November of 2019, less than a month before the covid-19 pandemic took off and spread to nations all over the world, several scientists working at the Wuhan Institute of Virology in China fell seriously ill from an unknown virus. One of the researchers was Ben Hu, a scientist who had received significant funding from the U.S. government and whose research has focused on “how coronaviruses infect humans,” new reporting by the Wall Street Journal shows.