Source:
https://scmp.com/tech/china-tech/article/2011868/chinas-huawei-eyes-us10b-business-cloud-infrastructure-and-services
Tech/ Big Tech

China’s Huawei eyes US$10b business in cloud infrastructure and services

Huawei Technologies, the world’s largest telecommunications equipment supplier, expects to build a US$10-billion-a-year business in cloud computing infrastructure and services by 2020 to tap rising global demand.

Deputy chairman Ken Hu Houkun, acting chief executive under Huawei’s rotating leadership structure, on Wednesday said the company was on track with that goal since that operation was already growing faster than its other business segments.