On the afternoon of December 22, Tian’e-eye data showed that on December 19, Huawei Investment Holdings Limited’s business information changed, and its registered capital increased by about 32% from about RMB22.2 billion to about RMB29.4 billion. Huawei Investment Holdings Limited was established in March 2003, the legal representative is Zhao Minglu, the business scope of high-tech products research, development, sales, services, foreign investment business, etc. ;
On November 18th Mr Ren predicted in an interview that Huawei should continue to grow in 2020, but not too much. In addition, Ren also revealed that Huawei was fully awakened after the U.S. government sanctions, the company successfully cut 48 percent of its departments in the research and development system, closed 46 percent of unnecessary research. He said the company has shifted the savings to the product spaceline to improve the development capabilities of the main waterway products.