Chinese telecoms firm Huawei saw a sharp jump in revenue in the first half of the year but warned of “difficulties ahead”.

In a report, the BBC said the US blacklisted the firm in May, restricting its ability to trade with US companies.

Company revenue jumped 23% in the first half of the year versus a year ago, while smartphone shipments surged 24%.

Huawei has been under global scrutiny for allegedly posing a security risk – a claim it rejects.

Several countries have raised concerns that Huawei equipment could be used by China for surveillance, although the company has vehemently denied the allegations.

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