(Yicai Global) Aug. 29 -- Huawei Technologies Co. has granted its Cloud Business Unit more independence and freedom to further expand Huawei's public cloud business.
Huawei told its employees that the Cloud Business Unit (Cloud BU) was made into a primary department and will enjoy greater autonomy, Caijing.com.cn reported.
Since Cloud BU's establishment in April, Zheng Yelai, president of Huawei's IT Product Line, has also been serving as president of Cloud BU. Cloud BU has only one mission -- to build a cloud business for the public, Xu Zhijun, vice chairman of Huawei and interim chief executive, once said. The mission was symbolically started when Cloud BU was set up.
The market value of China's public cloud IaaS (Infrastructure as a Service) reached USD1.5 billion (CNY10 billion) last year, International Data Corp. data show. The top four groups are Alibaba Cloud, China Telecom, Tencent Cloud and Kingsoft Cloud, with market shares of 41 percent, 8.5 percent, 7 percent and 6 percent, respectively.
Huawei plans to be the market leader in China's public cloud market in three years, a Huawei employee told Caijing.com.cn. As China's public cloud IaaS has not fully developed yet and only Alibaba Cloud has cornered a significant part of the market, Huawei has a good shot, said Zhang Xin, the founder and CEO of cloud computing company Zstack. Huawei only has two or three years to act before the market settles, Zhang said.