China's Huawei plans major push into Japan by 2017
BEIJING (Reuters) - China's Huawei Technologies Co Ltd [HWT.UL], the world's second-largest telecommunications equipment provider, said on Friday it is planning a big push into corporate Japan as it targets 2017 sales 15 times higher than last year's.
Huawei said its goal is revenues of 50 billion yen ($487.9 million) from sales of IT equipment to Japanese corporate customers in fiscal 2017, using competitive pricing to win orders from large firms.
Even so, this would still account for a fraction of Huawei's total sales. Revenues for 2013 were 239 billion yuan ($38.2 billion), while net profits were 21 billion yuan.
The Asia-Pacific region, which includes Japan, was Huawei's second-smallest market by revenue and second-slowest growth market after America in 2013. Asia Pacific revenues accounted for 16 percent of Huawei's total sales last year.
($1 = 102.4750 Japanese Yen)($1 = 6.2548 Chinese Yuan Renminbi)
(Reporting by Paul Carsten and Yimou Lee in Hong Kong; Editing by Stephen Coates)
- Tweet this
- Share this
- Digg this
India's third-biggest software services firm Wipro Ltd , under pressure to improve lacklustre sales growth, said it saw a rosier end to the year as more confident U.S. clients increase spending. Full Article
Apple CEO discusses security with top Chinese official amid hacking claims - Xinhua. Full Article