Huawei Sees IT Revenue at US$10b by 2020 – Investment Advice by CWIIL Group

Huawei Technologies Inc expects its information technology service business revenue to jump fivefold to US$10 billion by 2020, the company said in Shanghai earlier this week.

Huawei, the country’s biggest telecommunications equipment maker, has put IT services, carrier business and consumer group including smartphones as the company’s three major businesses. The IT services business, covering cloud computing and big data, is forecast to contribute US$2 billion in 2015 and US$10 billion in 2020, Huawei said.

“Cloud computing has become a new income growth engine of Huawei,” Xu Zhijun, the company’s rotating chief executive, told the Huawei Cloud Congress held in Shanghai. Around 1,000 participants from telecom companies and the IT industry are attending the conference.

At the conference, Huawei signed a deal with US-based Honeywell on cloud computing and big data.

China’s public cloud computing revenue will surge 33.2 percent annually from 2015 to 2018, from US$717 million last year, according to US-based research firm International Data Corp.

These materials are not intended and should not be used as legal advice or other recommendation. If you need a legal opinion on a specific issue or factual situation, please contact a lawyer. Anyone using these materials should not rely on them as a substitute for legal advice.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advise and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessing of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and unknowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

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Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
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