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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 figure indicates around 9% year-over-year revenue growth from the 642.3 billion yuan reported in 2022. 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 a surprising move in August, Huawei launched its Mate60 series of smartphones, which are believed to be powered by a domestically developed chipset. The release was widely viewed as marking Huawei's comeback into the high-end smartphone market after years of struggling under US sanctions. Huawei's smartphone shipments surged 83% in October year-on-year, helping the overall Chinese smartphone market to grow 1...

Zoom Video Communications raised its annual revenue and profit forecast s on Monday, as hybrid work trends and the integration of artificial intelligence Technology into its products boosted demand . Platforms including Zoom, Microsoft's Teams and Cisco's Webex became household names during the COVID lockdowns and have enjoyed resilient demand as many Business es shifted to hybrid work models. Zoom now expects annual adjusted profit per share between $4.93 and $4.95, higher than its prior forecast of $4.63 and $4.67. The company lifted its full-year revenue forecast to between $4.506 billion and $4.511 billion, from $4.485 billion to $4.495 billion earlier. "We bolstered Zoom's all-in-one intelligent collaboration platform with advanced new capabilities like Zoom AI Companion and continued to evolve our customer and employee engagement solutions," CEO Eric Yuan said. Zoom's AI Companion, introduced during the third quarter, allows paid users ...