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HUAWEI ESTABLISHES CLOUD COMPUTING COMPANY WITH REGISTERED CAPITAL OF 50 MLN YUAN ($7.1 MLN)

December 12, 2019 / ARGAM ARTASHYAN
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Huawei recently registered Huawei Cloud Computing Technology Co., Ltd. with a registered capital of 50 million yuan ($7.1 million). The legal representative is Zheng Yelai, Vice President of Huawei and President of Huawei Cloud Business. Huawei Technologies Co., Ltd. holds 100% of the company’s shares, and Zheng Yelai, vice president of Huawei and president of Huawei’s cloud business, serves as the legal representative. The Huawei Cloud Computing company’s business scope includes data services, software, and information technology services, and intelligent design consulting and transformation. The latter includes electronic information technology, communications product research and development, manufacturing, sales, and services. In March 2017, Xu Zhijun, Huawei’s deputy chairman and rotating CEO, announced the establishment of Cloud BU. The latter was responsible for public clouds. At that time, Cloud BU was established under the product and solutions departme...