It’s now as big as Ericsson AB (Nasdaq: ERIC) in the telecom equipment market and is pushing hard to increase its market share in the enterprise and mobile device markets. Its annual revenues are still increasing each year but its profitability has taken a knock in recent times.
via Light Reading Asia – IP & Convergence – Huawei Mulls IPO – Telecom News Analysis.
Wan Biao, CEO of Huawei Device, has told Reuters he expects the company’s consumer device business to achieve revenue growth of 30 percent next year, while smartphone revenues are expected to grow by at least 40 percent.
That would put the Huawei Device unit’s 2013 revenue target at about US$11.7 billion, as the Chinese vendor has forecast its device sales to hit $9 billion this year. In 2011, Huawei’s device unit generated $6.9 billion in sales, about 22 percent of the company’s total revenues. (See Huawei, ZTE Look to Handsets for Growth.)
via Light Reading Mobile – Wireless Bits – Huawei’s High Hopes for Handsets.
Over the past ten years or so, Chinese telecoms firms such as Huawei and ZTE, another telecoms-equipment provider, have expanded from their vast home market to become global players.
via Huawei: The company that spooked the world | The Economist.
While ranking on the Fortune Global 500 list indicates the growing clout of Chinese corporations, it does not mean that a company is internationally active or even that it is a real multinational. When these companies are ranked by foreign assets and sales, it becomes clear that, with few exceptions, they all operate predominantly within China. In other words, despite the government’s directives and financial incentives to ‘go global’, many leading Chinese corporations have yet to do so.
via Are China’s Multinational Corporations Really Multinational? | Brookings Institution.
Second, the Achilles heel of Chinese multinationals is human resources—particularly management. Multilingual and multicultural managers are few and far between, and all assessments of Chinese corporations note this to be a fundamental weakness.
The vulnerabilities — a session hijack, a heap overflow and a stack overflow — were found in the firmware of Huawei AR18 and AR29 series routers and could be exploited to take control of the devices over the Internet, said Felix Lindner, the head of security firm Recurity Labs and one of the two researchers who found the flaws.
via Hackers reveal critical vulnerabilities in Huawei routers at Defcon – Computerworld.
According to the Huawei website, the AR series routers are used by enterprises and AR18 in particular is marketed as product intended for small and home offices.