Huawei to Pump $500M Into Cloud Strategy

Huawei is to invest about half a billion dollars over the next five years in the development of a cloud platform and related services, the Chinese vendor announced on Wednesday. The commitment comes just a day after Huawei Technologies Co. Ltd. laid out its cloud ambitions at a customer event in Shanghai, saying it aimed to become a major rival to cloud giants such as Google … http://ubm.io/2fG2AcT

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