China's Huawei to invest $1 billion to support developers over next five years

Reuters News
Posted: Oct 18, 2015 11:50 PM

HONG KONG (Reuters) - China's Huawei Technologies Co Ltd on Monday said it will spend $1 billion to support information and communication technology developers over the next five years.

"The aim is to help developers create innovative services and rapidly respond to customers' business needs," Huawei executive director and president of products and solutions Ryan Ding said in a statement.

(Reporting by Yimou Lee; Editing by Stephen Coates)