ZTE Expands Enterprise AI and IoT Footprint with New Cloud Computing Subsidiary

ZTE Corporation, the Chinese telecommunications giant, is tightening its grip on the domestic enterprise technology market through the establishment of a new specialized subsidiary, Beijing Xingyun Shuke Cloud Computing Co., Ltd. The move, disclosed in corporate filings on Tuesday, signals ZTE’s intent to move beyond core networking hardware into the higher-margin territories of the “Industrial Internet of Things” (IoT) and foundational artificial intelligence software. The new entity, capitalized at 10 million yuan (US$1.4 million), is led by legal representative Wang Jianxiong. According to official business registries, the company’s scope is broad, covering the research and development of IoT technologies, application…