HUAWEI Chinese giant to raise  investment in region 

Corporate March 15, 2019 01:00

By The Nation

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Huawei, China’s leading global provider of ICT infrastructure and smart devices, has announced its procurement results for 2018 in Southeast Asia, amounting to $608 million. 

It invested $196.3 million in Thailand, followed by India ($146 million) and Hong Kong ($105.3 million). From 2016 to 2018, the company’s total procurement in the region amounted to $ 2.09 billion.

 The procurement budget for the region in 2019 is expected to reach$652 million, said James Wu, president of Huawei SEA said at press conference yesterday. “Southeast Asia is an emerging market, and a powerful engine that connects innovation and business. Huawei and its partners in the region complement each other efficiently. Value creation and sharing across the entire industry chain is our future. We should combine our excellent resource capabilities and create a collection of high-quality resources to improve our mutual competitiveness,” explained Wu. “We all have one vision: Bring digital to every person, home and organisation for a fully connected, intelligent world. To realise this vision, Huawei is willing to work with all its partners to build an ecosystem which promotes openness, diversity and synergy,” he added.