Huawei eyes global gear role

Huawei Technologies Co intends to become a major provider of gear and software to global cloud computing providers, aiming for a $10 billion business by 2020. The Chinese company will keep investing in the cloud, its fastest-growing business, as it seeks to supply chips, servers and other equipment to a booming market, said Ken Hu, the rotating chief executive overseeing the fledgling division. Huawei has begun working with foreign firms including SAP SE and Intel Corp to crack the market for cloud services.