Daily reviews

07.06.2019

Another blow on Huawei comes from Facebook

news

The Chinese tech giant as it struggles to keep its business afloat in the face of a U.S. ban on its purchase of American parts and software.

The US-based technology giant suspends installing of its range of apps on Huawei phones

Stocks impacted: Huawei Culture Co. Ltd. (002502)

Now, it received another blow, this time from Facebook Inc. The US company is no longer allowing pre-installation of its apps on Huawei phones. Customers who already have Huawei phones will still be able to use its apps and receive updates. The move by Facebook dampens the sales outlook for Huawei Technologies Co Ltd, whose smartphone business became its biggest revenue generator last year. While Google earlier announced a 90-day leeway to work with Huawei, Facebook is yet to confirm the suspension. Huawei stocks finished more than 3% lower in Asia today.