Huawei banking on financial digitalization for faster growth

Huawei Technologies Co, one of the top telecom equipment suppliers in China, is banking on its efforts in promoting digital transformation for firms in the financial and other industries, to achieve a "much faster" year-on-year growth in its enterprise business this year.

Ma Yue, vice-president of Huawei Enterprise BG, said the company plans to set up nine OpenLabs across the world over the next two or three years to help global enterprises transform and innovate by using cloud computing, big data, internet of things and other technologies.

The company has already launched 11 OpenLabs in a number of cities around the globe, such as Munich, Paris and Bangkok, helping boost the digitalization in various industris including finance, transportation, energy and manufacturing in the regions.