Greater China

Mobile World Live brings you our top three picks of the week as Huawei posted increased revenue and net profit in H1, Verizon forged a D2D messaging deal with Skylo and HMD released its Barbie handset.

Huawei recorded growth in the first half, driven by a continued recovery of its consumer business and progress in its intelligent automotive unit, which recently attracted a CNY11.5 billion ($1.6 billion) investment from EV player Avatr Technology.

China Mobile reportedly invested an undisclosed amount in Honor, the Huawei subsidiary spun off four years ago, better positioning the handset maker for a mainland listing.

IBM reportedly revealed a plan to shut down its R&D operations in China, which would be another departure by a well-known US technology company due to heightened Sino-US tensions.

China is stockpiling chipmaking equipment to prepare for wider US sanctions, with data from the General Administration of Customs showing imports jumped 44 per cent year-on-year to $25.9 billion in the first seven months of 2024, Bloomberg reported.

Chinese vendor Xiaomi recorded brisk growth across all segments in Q2 2024, led by its smartphone and new electric vehicle units, booking a third consecutive quarter of double-digit year-on-year revenue growth.

China Telecom booked profit growth in H1 despite a spike in capex, driven by gains in mobile and cloud.