Huawei Establishes Cloud Computing Company With Registered Capital of 50 mln Yuan ($7.1 mln)

huawei cloud computing

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.

huawei cloud computing

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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 department. Zheng Yelai, president of the IT product line, is also the president of Cloud BU. In August of that year, Huawei migrated from Cloud BU to the Huawei Group. And it became a company-level organization, aligning with consumer BG, operator BG, and enterprise BG.

However, due to its relatively small share in Huawei’s overall revenue, Huawei Cloud doesn’t announce its revenue growth rate. Also, it rarely publishes its specific revenue scale. In July this year, Huawei announced the first half of 2019 results. Huawei Cloud stated that in June 2019, the monthly revenue of cloud services and software operated by Huawei externally increased by 5.5 times compared with June 2018.

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