Huawei eyes global gear role

China Daily (USA) - - BUSINESS -

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.

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