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Huawei named China’s most expensive electronics manufacturer. In second place – Xiaomi
Huawei tops the list of the largest Chinese electronics companies. Taking into account market capitalization, the manufacturer was valued at 1.1 trillion yuan (about $ 163.8 billion). Writes about this Hurun Report.
The publication notes that over the past year, the company’s value has decreased by 100 billion yuan ($ 14.89 billion). Presumably, this happened due to US sanctions.
Rating of Chinese electronics manufacturers:
In May 2021, the US authorities blacklisted Huawei of companies with which US companies were prohibited from selling any components without government permission. The reason was the suspicion of a Chinese manufacturer of espionage through telecommunications equipment.
In August, the US Department of Commerce announced the expansion of sanctions. Authorities blacklisted 38 more affiliates and entities associated with the company. Experts say that due to tightening requirements, foreign suppliers will lose about $ 26 billion in profits.