Blocked in the West, Huawei looks at new markets – Asia Times

Huawei Technologies is looking at new growth markets and new strategies in response to setbacks and sanctions on its expansion plans in the West, company chairman Liang Hua said at a business forum held this week in Shenzhen.

Liang said at the “Connectivity+: Innovate for Impact” forum held on Wednesday (Nov 23) that Huawei plans to provide telecommunications services to 120 million people in rural areas in 80 countries by 2025. In particular, he said the Chinese tech giant aims towards new markets in Southeast Asia, Africa and the Middle East.

It marks a tough strategic turning point for the pressed technology company. In May 2019, the US Department of Commerce put Huawei and its 70 subsidiaries on its entity list and banned the sale of hardware and software involving US technology to Huawei and its subsidiaries.

Blocked in the West, Huawei looks at new markets – Asia Times

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