Huawei

What we're watching in 2020

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Illustration: Aïda Amer/Axios. Photos: Ralph Morse/Getty Contributor, Kirn Vintage Stock/Getty Contributor

This is going to be a momentous presidential election year, as we face the very real possibility that an impeached president could be re-elected for the first time in U.S. history. But there will be plenty of other events that will matter in 2020, too.

  • Here’s what Axios’ newsletter authors and reporters will be watching — from the future of tech regulation to the impact climate change and job automation will have on all of our lives. (Sign up for their newsletters here.)

Huawei ends 2019 with record-high $122 billion in revenue

In this image, two women hang up Happy New Year balloons while working at a Huawei store
A Huawei store in Hangzhou, China on Dec. 12, 2019. Photo: Costfoto/Barcroft Media via Getty Images

Chinese telecom giant Huawei said Tuesday that its revenue reached $122 billion in 2019, setting a new record for the company even as it weathers a campaign by the Trump administration to block its global expansion, the Wall Street Journal reports.

Why it matters: Many U.S. officials fear that Huawei's telecom equipment could be used by China for surveillance, and that a 5G equipment market dominated by Huawei would give the authoritarian government in Beijing access to massive amounts of data. The company is just one flashpoint in the escalating U.S. confrontation with China.