Huawei announced its Enterprise business in January 2011 to provide network infrastructure, fixed and wireless communication, data center, and cloud computing for global telecommunications customers.[111]
The Wall Street Journal has suggested that Huawei received approximately "$46 billion in loans and other support, coupled with $25 billion in tax cuts" since the Chinese government had a vested interest in fostering a company to compete against Apple and Samsung.[47][49] In particular, China's state-owned banks such as the China Development Bank and the Export-Import Bank of China make loans to Huawei customers which substantially undercut competitors' financing with lower interest and cash in advance, with China Development Bank providing a credit line totaling US$30 billion between 2004 and 2009. In 2010, the European Commission launched an investigation into China's subsidies that distorted global markets and harmed European vendors, and Huawei offered the initial complainant US$56 million to withdraw the complaint in an attempt to shut down the investigation. Then-European Trade Commissioner Karel De Gucht found that Huawei leveraged state support to underbid competitors by up to 70 percent.[26][171]
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