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| Huawei's Richard Yu leads cloud and artificial intelligence |
Huawei is expanding the capabilities of Richard Yu, CEO of Consumer Business Group, to include cloud services and artificial intelligence.
With the telephony division facing an uncertain future, the administration has been reorganized and could force the company to enter new markets for growth in the war against US trade sanctions.
Artificial intelligence and cloud computing are the main growth areas for China in the coming years.
More interest and investments in artificial intelligence and cloud computing is an important strategy for Huawei to seize future opportunities.
Yue has transformed Huawei from a company that designs and manufactures cell phones for other brands into one of the world's leading smartphone providers in just a few years.
Soon after Huawei became the best smartphone maker in the world, the Huawei phone business fell behind due to US sanctions.
The CEO, who has worked for Huawei for nearly 30 years, kicked off the cloud and artificial intelligence industry on February 7.
Successful veterans who were formed last year have joined this business unit, confirming Huawei's vision for its future areas as some of its businesses (smartphones in particular) continue to decline due to state pressure.
(Yu Jiaxin) Yu Jiaxin and Huawei both have a proven track record in many roles and believe that smartphones and cloud computing will bring more synergies and take more responsibility because of their presence.
Richard Yu was chosen when Huawei was undergoing major changes. Not only did he decide to turn the company into a cloud computing and artificial intelligence giant, but he also had to define the next evolution of Huawei's smartphone business. Compete with competitors like Baidu, Tencent, and Alibaba.
In the third quarter, Huawei's cloud computing division captured 16.2% of the cloud services market in China, just behind the cloud computing division of the Alibaba Group, which accounts for 40.9% of the market.
Yu has always been sincere about Huawei's ambition to become a leader in the global smartphone market, even though the Chinese company is small.
After the acquisition of Huawei's consumer division in 2011, the company stopped providing cheap equipment to Chinese telecom companies and improving smart devices in the mid to high-end market.