Huawei Technologies is eyeing new emerging markets and novel strategies in response to setbacks and sanctions on its expansion plans in the West, company chairman Liang Hua said at a corporate forum held this week in Shenzhen.
Liang said at the “Connectivity+: Innovate for Impact” forum held on Wednesday (November 23) that Huawei plans to provide telecommunication services to 120 million people in rural areas across 80 countries by 2025. In particular, he said the Chinese tech giant is targeting new markets in Southeast Asia, Africa and the Middle East.
That marks a hard strategic pivot for the embattled technology firm. In May 2019, the US Commerce Department put Huawei and its 70 affiliates on its Entity List and banned the sale of hardware and software involving US technology to Huawei and its subsidiaries.
Those punitive measures, imposed in the name of…
