April 23, 2014 / 2:45 AM / in 3 years

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

1 Min Read

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)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below