Huawei says IT investment to rise 14% in 2014

A general view shows the headquarters of Huawei Technologies Co Ltd in Shenzhen, Guangdong province June 29, 2009.[Photo/Agencies]

SHENZHEN - Huawei Technologies Co Ltd, the world's No 2 telecoms equipment maker, expects investment in information technology to rise 14 percent in 2014, a senior executive said on Wednesday.

"Our investment focus will be in LTE (Long-Term Evolution), 5G and cloud computing," Fan Chen, vice president of accounting, told an analyst conference on Wednesday in Shenzhen, where the company is headquartered.

Huawei, the world's third-biggest smartphone manufacturer, booked 34 percent profit growth in 2013 and has targeted 2018 revenue to almost double the record reaped last year.

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