Sport
Huawei quits as Canberra Raiders’ main sponsor – Sydney Morning Herald
Chinese telecommunications giant Huawei has quit its major sponsorship of rugby league club the Canberra Raiders, decrying the “continued negative business environment” towards the company in Australia.
“The Canberra Raiders was Huawei’s first ever major sporting sponsorship in the world. Over the past nine years, Huawei has felt very much part of the Raiders family and our sponsorship has been a company highlight during some very difficult periods.
“However, the continued negative business environment is having a larger than originally forecasted impact on our planned revenue stream and therefore we will have to terminate our major sponsorship of the Raiders at the end of the 2020 season.”
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