New Huawei Handset Selling Fast in China as Chip Speculation Swirls

By Liu Peilin, Qin Min and Kelsey Cheng

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Huawei put the Mate 60 Pro up for sale at 6,999 yuan ($962) on Aug. 29, selling out on its official site that same night. Photo: VCG

Chinese consumers have been buying Huawei’s latest flagship smartphone faster than stores can keep up with online and in some parts of the country, sources tell Caixin, amid mounting speculation the telecom giant has been able to weather U.S. sanctions.

Huawei Technologies Co. Ltd. began shipping the new Mate 60 Pro Sunday, several people familiar with the matter told Caixin, five days after the phone’s discreet launch. A number of distributors told Caixin on Monday that the Mate 60 Pro had immediately sold out upon delivery.