A general view shows the headquarters of Huawei Technologies Co Ltd in Shenzhen, Guangdong province June 29, 2009.[Photo/Agencies]

SHENZHEN - Huawei Technologies Co Ltd, the world's No 2 telecoms equipment maker, expects investment in information technology to rise 14 percent in 2014, a senior executive said on Wednesday.

"Our investment focus will be in LTE (Long-Term Evolution), 5G and cloud computing," Fan Chen, vice president of accounting, told an analyst conference on Wednesday in Shenzhen, where the company is headquartered.

Huawei, the world's third-biggest smartphone manufacturer, booked 34 percent profit growth in 2013 and has targeted 2018 revenue to almost double the record reaped last year.

Huawei posts profit rise of 34 percent	Huawei set to become No 2 smartphone vendor