Fang Rong Appointed Chairman of ZTE as Company Eyes AI and Revenue Growth
ZTE Appoints Fang Rong as Chairman
Chinese telecommunications equipment giant ZTE Corp has welcomed Fang Rong as its new chairman, succeeding Li Zixue.
This leadership change comes at a critical time as ZTE must navigate declining revenue in its core carrier network business.
Shifting Focus to AI
Fang emphasized the transformation of ZTE into a connectivity plus computing enterprise, showcasing the company's keen interest in the artificial intelligence landscape
- Revenue fell 2.38% year-on-year to 121.3 billion yuan in 2024
- Net profit dropped by 9.66% to 8.42 billion yuan
- Core carrier network business revenue declined by 15.02%
Fang's experience includes significant management roles and contributions to global expansion, particularly in emerging markets.
Looking Ahead: ZTE's 2025 Strategy
As ZTE seeks to regain momentum in the competitive telecoms equipment market, the company anticipates that its AI strategy will offer new opportunities for growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.