China's Huawei says investment in information technology to rise 14 pct in 2014

SHENZHEN, China, April 23 Tue Apr 22, 2014 10:44pm EDT

SHENZHEN, China, April 23 (Reuters) - Huawei Technologies Co Ltd, the world's No.2 telecoms equipment maker, expects investment in information technology to rise 14 percent in 2014, a senior executive said on Wednesday.

"Our investment focus will be in LTE (Long-Term Evolution), 5G and cloud computing," Fan Chen, vice president of accounting, told an analyst conference on Wednesday in Shenzhen, China, where the company is headquartered.

Huawei, the world's third-biggest smartphone manufacturer, booked 34 percent profit growth in 2013 and has targeted 2018 revenue to almost double the record reaped last year. (Reporting By Yimou Lee; Editing by James Pomfret and Stephen Coates)

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