Huawei Invests $1 Billion in Public Cloud Platform

Written by:Sue Marek
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Huawei is evolving its cloud business by investing in a public cloud platform. During the company’s annual global analyst summit in Shenzhen, China, this week, Eric Xu, Huawei’s rotating CEO, said the company is committed to working with operators on their cloud services as well as building Huawei’s own public cloud.

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According to Mobile World Live, which has analysts attending Huawei’s analyst conference, Huawei plans to create a new cloud business unit and will invest $1 billion in the initiative. It will do that by first transforming itself into a digital company and then working with operators to help them change their businesses.

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