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US trade sanctions

ZTE, a net loss of CNY2.36 billion ($343 million) in 2016

2017-03-25
On: March 25, 2017
In: Company News
Tagged: Guilty Plea, US government, US trade sanctions, ZTE

WASHINGTON ( MEDIA REPORT ) ZTE, soon after admitting violating US trade sanctions in a Texas court, confirmed it slipped to a net loss of CNY2.36 billion ($343 million) in 2016 related to fines due over the issue. The China-based equipment vendor released its 2016 annual report today, a day afterRead More →

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