Chinese giant Huawei Technologies is making strategic moves to diversify its business amid challenges from US sanctions. The tech giant is now partnering with Hailiang Group, China’s top copper pipe exporter and a global market leader, to offer advanced digital solutions.
The companies have been collaborating since 2022
Hailiang Group, with its diverse interests in mining, education, agriculture, and real estate, is set to benefit significantly from Huawei’s expertise in cloud computing, artificial intelligence (AI), and 5G technology. This partnership, which builds on their ongoing collaboration since 2022, aims to revolutionize Hailiang’s operations across various fronts, including digital management, smart manufacturing, and green energy initiatives.
This move is a part of Huawei’s broader strategy to create new revenue streams by offering its technological prowess to conventional industries. The sanctions imposed by the US in 2019 prompted Huawei to rethink and reshape its business model. By establishing specialized teams, known as “legions,” Huawei has focused on creating bespoke digital transformation solutions for industries like mining, customs, and smart highway systems.
The collaboration with Hailiang is more than just a business expansion for Huawei; it’s a testament to its resilience and adaptability in the face of external pressures. This initiative is not only expected to propel Hailiang’s growth but also demonstrates Huawei’s capability to drive innovation beyond telecommunications.
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(Via)
