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)
Trending On Reuters
India's central bank is working on improving the integration between e-commerce firms and the country's banking systems, a deputy governor of the Reserve Bank of India (RBI) said on Monday. Full Article
- Sony unveils new Xperia phone even as it retrenches in mobile
- Raytheon to buy cybersecurity firm Websense in $1.9 billion deal
- Ceglia loses bid to revive Facebook lawsuit, block criminal case
- Uber must face U.S. lawsuit claiming it snubs blind people
- Humanoid robot starts work at Japanese department store
EU ministers discuss migrant crisis as shipwrecked bodies brought ashore Full Article
Lambert, Florida Georgia Line early winners at Country Music awards. Full Article