Huawei looks to the 'Cloud' for further growth and partnerships

Huawei Technologies Co Ltd, the world's No.2 network equipment maker, said it is open to acquiring and partnering companies with expertise in producing software for cloud computing. Global technology companies from Cisco Systems Inc to Oracle Corp have been acquiring companies to boost their capabilities in cloud computing -- the latest network technology trend that stores applications, data and software online. "Huawei is a private company, so our acquisitions won't be for huge amounts like other listed companies," Li Sanqi, chief technology officer of Huawei's IT hardware product line, told Reuters on the sidelines of a company event. "I feel that we will have acquisitions in the cloud and ICT (information and communications technology) arenas.

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