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Huawei says investment in information tech to rise 14 percent in 2014
Last Updated: 2014-04-23 13:23 | ce.cn/agencies
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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.

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