Huawei established a new cloud computing company in South China’s Shenzhen on Friday, the same day that Huawei’s CFO Meng Wanzhou reached a landmark deal with the US Justice Department that allowed her to return to China after more than 1,000 days of detention in Canada.
The new company is 100 percent owned by Huawei Cloud, with a registered capital of 300 million yuan ($46.4 million).
Its business scope includes network culture operation, Internet live broadcast technology services, information network dissemination and internet domain name registration service, according to a corporate data provider.
Its legal representative is Zhang Ping’an, who is also CEO of the cloud business unit and president of Huawei Consumer Cloud Service.
Huawei is speeding up digitization in multiple industries with its latest cloud computing and artificial intelligence technologies, the company said at the opening ceremony of Huawei Connect 2021, the annual flagship industry event of the company.
During the past four years, Huawei Cloud has gathered 2.3 million developers, 14,000 consulting partners and 6,000 technology partners, and has provided more than 4,500 services on Huawei’s cloud market.
The operation of Huawei Cloud and its partners currently covers more than 170 countries and regions in the world.
Huawei Cloud is now one of the two largest cloud service providers in China and the top five globally, according to Gartner.