ntinued US trade sanctions.
The Shenzhen-based company is now moving into multiple new growth areas, including cloud services, smart vehicles and wearable devices, as well as seeking to upgrade traditional industries like coal mining and pig farming. During a round-table meeting at the event, Ren said the company has kicked off a “self-reliance in production” programme, referred to as Nanniwan, under which the company is venturing into coal mining, iron and steel, and music, while expanding in categories in which the company already has consumer products such as televisions, computers, and tablets.
Huawei’s ambitions became more obvious as the company expanded the duties of Richard Yu Chengdong, head of the company’s consumer business group, to include cloud services and artificial intelligence last month. The management reshuffle could strengthen the firm’s moves into new growth markets.
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