ICT vendor, Huawei Technologies founder and CEO, Ren Zhengfei, has outlined the company’s long-term commitment to the Australian market during a recent visit to Australia.
Ren, who was in Australia to commemorate the one-year anniversary of the local board of directors, attended a board meeting in Melbourne where it was agreed that Huawei would begin reinvesting local profits back into the Australian market.
At the meeting, Ren briefed the Australian board members and senior executive team on Huawei’s global strategy and discussed opportunities for further business development and investment in Australia.
According to the company, his decision to reinvest local profits into the Australian market will allow for Huawei’s localisation strategy to continue, which has seen Huawei Australia grow into a company of almost 900 staff.
“It’s very encouraging to have such strong support from Huawei’s CEO as we continue to expand the company’s presence in Australia,” Huawei chairman, John Lord, said.
“The decision to reinvest local profits into the Australian market will allow us to further cement Huawei’s local presence and continue to develop solid partnerships with Australian customers, Universities, and charities.”
Along with attending the board meeting, Ren spent a week travelling through Sydney, Canberra and Melbourne, where he met a range of customers and stakeholders – including the Huawei-sponsored Canberra Raiders rugby league team.