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ZTE said to face at least US$3 billion in losses from US sanctions

May 23, 2018 11:36 AM

BEIJING (BLOOMBERG) – ZTE Corp. is estimating losses of at least 20 billion yuan (US$3.1 billion/S$4 billion) from a US technology ban that has halted major operations as clients pull out of deals and expenses mount, people familiar with the matter said.

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