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Huawei crackdown

Huawei's 5G business contracts top 1,000, spanning 20 industries

Deputy Chairman Ken Hu touts segment's growth at Shanghai mobile expo

Huawei Technologies' French headquarters: The Chinese telecom equipment maker says its 5G network business is growing.   © Reuters

SHANGHAI -- Huawei Technologies has signed more than 1,000 corporate 5G contracts, the Chinese telecom equipment leader revealed Tuesday, as the company expands its network business to offset its shrinking smartphone operations.

Huawei "incubates 5G applications with partners across a wide range of domains like manufacturing, health care, finance and transportation," Deputy Chairman Ken Hu said at the opening ceremony of MWC Shanghai, Asia's largest mobile device trade show.

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