ZTE to Make $150m Investment for Cloud Computing

Published on June 27, 2011 by jasmineyu | This story has been viewed 2,648 views

Senior Vice President of ZTE, Wang Wei, in charge of information technologies of the Cloud Computing made a public announcement on June 23 that the Company will make an investment of 150 million dollars next year for strengthening the Cloud Computing information and service technologies.

Wang Wei anticipated, ZTE’s sale revenue in 2011 will reach 2 billion dollars. In the near future, the Company will focus on strengthening the research and human resource input for the Cloud Computing Technologies Service Center which, established in Nanjing, currently has totally 3000 employees and the number is expected to be increase to 5000.

On June 1, ZTE said on its 2011 Analysts Meeting that it would make strategic step to march into the IT industry with the help of the Cloud Computing, hoping that, by 2011, the sale revenue of the Cloud Computing related products would reach 2 billion dollars and, by 2015, it would become a global leading company in the Cloud Computing market.

ZTE’s global Cloud Computing Center was established in Nanjing on May 27, which indicated the Company would make strategic step to enter into the Cloud Computing area in 2011 and input over 3000 employees for the research and development. As of the end of 2010, ZTE has applied for 107 Cloud patents in China.

Under the circumstance that the traditional business in telecom field slowed down, the Cloud Computing has gradually become a new battle for telecom operators. Except ZTE, Huawei also said on its Analysts Meeting held in late April that it would take the corporation network based on Cloud Computing as one of its development focuses in the future.

Jasmine Contributes to the Story.

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