Top Chinese telecom equipment and network solution provider Huawei Technologies Co., Ltd. is fueling expansion in the Southeastern Asian market.
It signed a cooperation agreement with Khazanah, a strategic investment fund controlled by the Malaysian government, recently and under terms of the agreement, it will build a data custody and logistics center in the south of Malaysia. Covering a land area of 90,000 square inches, or about 9,000 square meters, the data custody and logistics center will create about 600 jobs.
It established a subsidiary in the Southeastern Asian market as early as 2010 and has over 2,000 employees there currently. Prior to this, it set up a training base in the Asia-Pacific region and the size of talents trained there has hit about 20,000. In addition, it has deployed broadband networks in other Southeastern Asian markets including Singapore, Indonesia and Brunei.
An industry observer pointed out in an interview recently that it attached more importance to the Southeastern Asian market in recent years. Indonesia was the biggest one among all ASEAN nations. In addition, headquarters of the ASEAN was in the country. China had become the biggest foreign trade partner of the nation. And among all ASEAN nations, Malaysia ranked No.1 in terms of foreign trade with China. The Southeastern Asian market was more and more luring to foreign investment currently and the ASEAN, with a total population of about 600 million, had seen the GDP exceed that of Brazil and India, each.
People in the know said that its investment in R&D was always huge and in Shenzhen, it saw up to 4,500 R&D employees serve in the headquarters. This helped it become a real leader in the global telecom industry in terms of technology.
Unlike it, ZTE Corp. (SHSE: 000063 and SEHK: 0763), another leading Chinese telecom equipment and network solution provider, is fueling expansion in the US market. It said in the afternoon on October 5 that it had signed a strategic cooperation agreement with the Houston Rockets and under terms of the agreement, it would become the exclusive official mobile phone partner of the latter. And when the latter served as a home team, electronics advertisements for its mobile phones would be launched. And Chandler Parsons with the latter would act as the celebrity. In addition, it was scheduled to enter into a strategic partnership with NBA China on October 15 and under the partnership, the brand ZTE would appear at all activities launched by the latter in the Chinese mainland.