Hikvision operates in over 150 countries, including the US.
The headquarters of Hikvision in Hangzhou, Zhejiang Province. Photo from CFP
By SHEN Wei
Hikvision went limit down and closed at 38.24 yuan on the stock market Thursday following reports that the surveillance equipment maker may be a target of US sanctions.
In response to questions by Jiemian News, Hikvision said, “Any new sanctions should be based on credible evidence and due process.”
Last year, Hikvision earned 22 billion yuan (US$3.3 billion) overseas, 27 percent of its revenue.
The company operates in over 150 countries, including the US. The company has admitted it was facing uncertainties in the US, but its business was operating as planned.