Huawei says investment in information tech to rise 14 percent in 2014
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.