Huawei sets sights on Japan growth

Telecommunication equipment major Huawei Technologies Co Ltd said on Friday that it anticipates a substantial pickup in its corporate business in Japan by 2017.

The Chinese company expects corporate business in Japan to be 15 times higher than last year's level by 2017, and hopes to realize revenue of over 50 billion yen ($488 million) by that time. Huawei also indicated that the growth would be driven by the sales of telecommunication products to large corporates and the growth in new orders, as a result of competitive pricing.

The Shenzhen, Guangdong-based company, however, refused to disclose further details about the Japan plans.