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在线翻译:
szdaily -> Business
Huawei braces for board revamp as Western markets beckon
    2017-September-7  08:53    Shenzhen Daily

HUAWEI Technologies Co. will shake up its board for the first time in six years as the Shenzhen company prepares to push deeper into developed markets such as the United States for growth.

China’s largest networking gear maker will in 2018 elect directors for the first time since 2012, rotating chief executive officer Guo Ping said in an interview Tuesday. That’ll reshape the board at a company controlled by Ren Zhengfei, and infuse new blood into a telecom giant that last year became the world’s third-largest mobile phone brand.

It’s now eyeing new businesses such as the cloud, and markets from Europe to Japan. Huawei, which in 2016 declared it will someday surpass both Apple Inc. and Samsung Electronics Co. in market share, has long been hampered in the United States by questions over its links to the Chinese Government.

But Huawei could conceivably enter the market through partnerships with local providers, though Guo said the priority for now was to strengthen its existing positions: Apart from China, Huawei is a major force in markets from Africa to Eastern Europe.

“We are very open in choosing partners. We only provide services and will not use customers’ data, that’s what differs us from other players,” Guo said. “Some U.S. companies have come to us for partnerships. They wanted a local player to help them provide services inside China. There are all kinds of possibilities.”

Huawei is one of a handful of Chinese companies to have built a global business over the past decade, initially using low-cost networking gear to gain market share abroad. But a breakneck expansion from equipment maker to mobile brand has come at a cost. Its earnings grew at their slowest pace in five years in 2016, as it sank money into 5G research and a marketing blitz.

Its main business of telecoms gear is slowing as phone carriers rein in network rollouts to prepare for the advent of faster 5G standards. Later this year, its Mate 10 will go head-to-head with the hotly anticipated 10th-anniversary edition of Apple’s iPhone.

Next year, representatives appointed by shareholder-employees will vote on a slate of new directors to be nominated by the current 17-member board. It’s unclear whether the 72-year-old Ren, who founded the company in 1987, will remain and Guo didn’t address that specifically.(SD-Agencies)

 

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