Huawei has called Amazon as its competitor

Chinese manufacturer of telecommunications equipment and smartphones, Huawei Technologies announced plans to compete with Amazon and Alibaba Group Holding in the market of cloud services.

The company, last month reported about the lowest in the last five years the growth is going to expand a new area of activity. Only this year is planned to increase the number of staff in the relevant units of more than 2,000 people.

The market for cloud services is growing rapidly. According to the IDC forecast, this year spending on public cloud services reached 122,5 billion.

Source: Reuters



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