Caixin Global – Latest China News & Headlines

Home >


CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

‘Avengers: Endgame’ Has Made 400 Million Yuan in China – And It’s Not Even Out Yet
Huawei Takes Second Crack at Brazilian Smartphone Market
China Confirms Date of Second Belt and Road Forum
Politburo Warns of Lingering Pressure on Economy, Vows Support
Huawei Takes Second Crack at Brazilian Smartphone Market
‘Avengers: Endgame’ Has Made 400 Million Yuan in China – And It’s Not Even Out Yet
Sinovation-Backed Education Firm Secures $140 Million in New Funding
China ‘Regrets’ WTO Ruling on Agriculture Trade Restrictions
China Stock Photo Giant Fined for Trying to Copyright Black Hole
China Confirms Date of Second Belt and Road Forum
China Needs to Fight Nonfinancial Money Laundering, Global Body Finds
Buick Rolls Out First Electric Car for China
People’s Daily Website Reports Booming Profit
China’s Starbucks Rival Raises $150 Million in BlackRock-Led Round
National Rules on Online Lending Still Far From Sight
Cabinet Reaffirms No ‘Flood-Like’ Stimulus, Continued Support for Small Firms
Central Bank Injects Less Liquidity Than It Rolls Back
Transit Control System Provider Seeks $1.5 Billion IPO on New Tech Board
China Pushes to Restore Morale at Corruption-Tainted Science Institute
Anbang Cuts Registered Capital, Allowing Creditors to Demand Repayment
Vatican Accepts Invitation to Exhibit at China Horticulture Expo
Taiwan's Richest Man Announces Bid for Top Office, Citing Advice From Goddess
BAIC’s New-Energy Unit Expects Drop in Lower-End Sales as Subsidies Dry Up
Huawei's Cloud Unit Reaches 1 Million Customers

By Zhang Erchi and Tang Ziyi / Apr 01, 2019 03:46 PM / Business & Tech

Photo: VCG

Photo: VCG

Embattled telecoms giant Huawei has picked up 1 million customers in its cloud service arm since it launched two years ago, according to Zheng Yelai, president of Huawei's Cloud Business Unit (Cloud BU).

Over half of the unit's income comes from internet companies, Zheng said in an interview on Friday, without disclosing further details.

Huawei, which traditionally has sold hardware, has bet on cloud services and artificial intelligence (AI) in recent years – technologies that could power future generations of its products. The cloud service unit offers complex data-storage options for customers who want to transfer their computing tasks off-site.

Zheng said Huawei’s recent marketing strategy has been to prioritize selling cloud services, as customers migrate from buying hardware and software to cloud offerings.

Most of China’s top tech companies have made big pushes into cloud computing services. Huawei's cloud business, which targets its services at government authorities and companies, only accounts for 0.9% of the total public cloud market in China in 2018. Its rivals, the cloud business units of Alibaba and Tencent, account for 45.5% and 10.3% of the market respectively.

Read Caixin’s full coverage of Huawei here.

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.