ZTE's Hong Kong shares are up almost 50 percent so far this year on the promise of 5G: that looks premature, says mak_robyn -
Chinese telecoms equipment-maker ZTE Corp on March 27 reported revenue in the three months to December of 26.7 billion yuan , a 17 percent decrease from the same period last year.
In April 2018, ZTE was forced to stop most of its operations after the United States imposed a seven-year ban on U.S. firms selling parts to the company. The group was accused of violating the terms of an earlier 2017 sanctions violation agreement. As part of a settlement reached in June, ZTE paid $1.4 billion in penalties, and replaced its board and executive team.
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