Analysis: from January to September, Huawei’s net income fell 40% YoY to ~$3.8B, as US sanctions on its smartphones continue; Q3 revenue rose 6% YoY ~$20B (Bloomberg)

Iris Deng / South China Morning Post:
Huawei launches Mate 50 series, the first smartphones able to link with China’s BeiDou global satellite navigation system but lacking 5G due to US sanctions  —  Huawei Technologies Co on Tuesday launched its new flagship Mate 50-series smartphones that support satellite communications …

Josh Ye / Reuters:
Lenovo reports Q2 revenue down 4% YoY to $17.09B, above estimates, the first decline in 10 quarters as pandemic-fueled global PC demand weakens  —  China’s Lenovo Group (0992.HK) reported its first revenue decline in 10 quarters as a pandemic-fuelled computer sales boom comes to an end …

Han Chen / Axios:
Report: US state and local governments kept buying Chinese telecom equipment despite a federal-level ban; only five states have rules to limit such purchases  —  Despite federal efforts to block Chinese telecom equipment from U.S. supply chains, state and local governments across …

Bloomberg:
Sources: to evade US sanctions, Huawei is supporting PXW, a startup based in its hometown Shenzhen that ordered chipmaking equipment for a semiconductor plant  —  When the US government blacklisted Huawei Technologies Co. as a national security threat, it cut the Chinese company off …

Todd Shields / Bloomberg:
The FCC imposes a ban on equipment from Huawei and ZTE, camera providers Hikvision and Dahua, and radio maker Hytera, citing “a risk to national security”  —  US regulators imposed a ban on electronic equipment from Huawei Technologies Co. and ZTE Corp., continuing a years-long effort …

Reuters:
Germany says it is not planning a blanket ban on telecom equipment made by Chinese companies, but will continue making such decisions on a case-by-case basis  —  Germany does not want to follow the United States in generally banning products made by Chinese telecoms equipment makers such as Huawei …