Canon eyes growth in China with greater focus on B2B sector

Japanese camera and imaging equipment maker Canon Inc is betting big on the business-to-business or B2B segment, and expanding its presence in education, medical equipment, finance, video surveillance and government in China, which has become an important engine to drive the company's growth.

"More than 30 million enterprise clients and about 60 million self-employed individuals in the Chinese market offer great growth potential for Canon," said Howard Ozawa, president and CEO of Canon China.

Ozawa said the company will continue to strengthen its B2B business, which maintained double-digit growth last year, covering business imaging solutions, photographic and imaging equipment, 4K and 8K televisions and camera lenses, as well as video surveillance equipment. He said the whole B2B business is expected to account for about 50 percent of its revenue this year.