Canon aims to increase investment in China

Hideki Ozawa, president and CEO of Canon China. [Photo provided to chinadaily.com.cn]

Japanese tech company Canon Inc is doubling down on the printing, healthcare, video surveillance and other emerging sectors and will increase its investment in the Chinese market, said Hideki Ozawa, president and CEO of Canon China.

Canon aims to promote the consumption upgrade in imaging and healthcare segments by leveraging cutting-edge technologies including 5G, cloud computing, big data and artificial intelligence, in a bid to achieve long-term sustainable development in China, Ozawa said.

Canon attaches great importance to the Chinese market and aims for it to become No 1 in terms of sales within the whole group by 2035, Ozawa said, adding that the company will continue to expand its presence in the business-to-business and business-to-consumer segment and strengthen its cooperation with its Chinese partners.

It will also speed up its localization push and launch tailor-made products and solutions in accordance with the requirements of the Chinese market.

Having participated in the China International Import Expo for five consecutive years, Ozawa said Canon hopes to use the platform to showcase its state-of-the-art technology and announce its business development strategy in China. The company unveiled its latest mixed reality system and 3D modeling shooting solution for the first time at this year's expo.