Huawei Technologies’ Consumer Business Group’s chief executive, Richard Yu, will be heading the company’s efforts into cloud services and artificial intelligence, as the firm expands to new and emerging markets.
According to an SCMP report, Richard Yu will take over as head of the two business units of the Chinese tech giant from the current lead Huo Jinlong. The news arrives via an internal memo being seen by SCMP. Furthermore, it was also reported that the senior executive will take on his new roles officially as of 7th February 2021. Furthermore, Huo will be transferred to the company’s digital power service, which is a unit under the telecom equipment maker’ carrier business group that deals in telecommunications network operators.
As per Kitty Fok, managing director of IDC China, “AI and cloud computing are the key growth areas in China over the next few years.Putting more focus and investments in AI and cloud computing is an important strategy for Huawei to capture future opportunities.” Unfortunately, Huawei has declined to comment on the matter of its internal management reshuffling at the moment. The report also arrives as the company is currently expanding and pushing towards newer growth market.
For those unaware, US sanctions have drastically impacts the Huawei’s primary business unit, its smartphone division, and has caused it to now focus on other core areas. A while back, the company’s Founder and CEO even called for decentralization as well, while Huawei also focuses more on its cloud computing services and other ventures, including cloud gaming, AI, virtual reality and augmented reality technologies. However, it remains to be seen what new hurdles awaits the company, especially now with the arrival of the new US president, Joe Biden.
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