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Huawei Aims for $100 Billion in Revenue Within 10 Years

Huawei Technologies Co., China’s largest phone-network equipment maker, aims to more than triple annual sales to about $100 billion in the next five to 10 years as it expands into cloud computing and small-business networks.

Huawei forecasts sales this year will climb to 199 billion yuan ($31 billion) from 185.2 billion yuan last year, Richard Yu, chief marketing officer, said in Shanghai today.