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Huawei to Invest $7 Billion in Research and Development Expense This Year

March 14, 2019 6:05 pm

BEIJING (PingWest) — Yu Chengdong, CEO of Huawei Consumer Business, stated Huawei is planning on investing $6 - 7 billion for research and development expense this year. He's confident that Huawei is becoming the most R&D investment tech company in the globe.    

"Huawei is aiming to expand its number of offline retail store to reach millions from a current amount of 4000 stores", said Yu at today's Huawei HILINK event in Shanghai.

YU Chengdong, CEO of Huawei Consumer Business
YU Chengdong, CEO of Huawei Consumer Business