BEIJING, June 6 China's Huawei Technologies Co
Ltd, the world's second-largest telecommunications
equipment provider, said on Friday it is planning a big push
into corporate Japan as it targets 2017 sales 15 times higher
than last year's.
Huawei said its goal is revenues of 50 billion yen ($487.9
million) from sales of IT equipment to Japanese corporate
customers in fiscal 2017, using competitive pricing to win
orders from large firms.
Even so, this would still account for a fraction of Huawei's
total sales. Revenues for 2013 were 239 billion yuan ($38.2
billion), while net profits were 21 billion yuan.
The Asia-Pacific region, which includes Japan, was Huawei's
second-smallest market by revenue and second-slowest growth
market after America in 2013. Asia Pacific revenues accounted
for 16 percent of Huawei's total sales last year.
($1 = 102.4750 Japanese Yen)
($1 = 6.2548 Chinese Yuan Renminbi)
(Reporting by Paul Carsten and Yimou Lee in Hong Kong; Editing
by Stephen Coates)