BEIJING—Huawei is paying its employees bonuses totalling more than $285 million (U.S.) as thanks for helping the Chinese tech giant cope with U.S. sanctions that threaten its smartphone and other businesses. Some 90,000 employees will share a 2 billion yuan ($285 million) bonus, or about 22,000 yuan ($3,100) each, according to a company announcement circulated Tuesday on social media. The bonuses are to “thank you for your efforts” since the announcement of U.S. sanctions, the announcement said. Huawei said its sales rose 24.4 per cent over a year earlier in the first nine months of 2019 to 610.8 billion yuan ($86 billion). U.S. security warnings focus on Huawei’s network gear.

Source: thestar November 12, 2019 18:07 UTC