Huawei CFO Meng Wanzhou
March 29, 2022 4:29 p.m.
SHENZHEN, China — Huawei announced during its 2021 Annual Report on March 28 that it achieved CNY636.8 billion in revenue in 2021 and CNY113.7 billion in net profits, an increase of 75.9% year-on-year. The company said overall, the performance was in line with its forecast.
“Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing and we are more capable of dealing with uncertainty,” Meng Wanzhou, Huawei CFO said.
Due to the enhanced profitability of its major businesses, the company’s cash flow from operating activities dramatically increased in 2021, amounting to CNY59.7 billion.
For business groups, in 2021, Huawei’s carrier business generated CNY281.5 billion in revenue.
Third-party test results have found that 5G networks built by Huawei for customers in 13 countries, including Switzerland, Germany, Finland, the Netherlands, South Korea, and Saudi Arabia, provided the best user experience.Huawei’s enterprise business generated CNY102.4 billion in revenue during 2021.
Huawei launched 11 scenario-based solutions for key sectors such as government, transportation, finance, energy and manufacturing.
The company also established multiple dedicated teams, including a Coal Mine Team, a Smart Road Team, and a Customs and Port Team, to combine resources in a way that more efficiently serves the needs of its customers.
Over 700 cities and 267 Fortune Global 500 companies have chosen Huawei as their digital transformation partner.
Huawei now works with more than 6,000 service and operation partners around the world.Huawei’s consumer business generated CNY243.4 billion in revenue in 2021 and continued to see steady sales growth in smart wearables, smart screens, true wireless stereo (TWS) earbuds.
Huawei Rotating Chairman Guo Ping said solving the chip problem is a complicated and long process that requires patience. In the future, chip solution may adopt a multi-core structure to improve chip performance.
Under pressure, with the company’s R&D expenditure hitting a new high, reached CNY142.7 billion in 2021, representing 22.4% of its total revenue.
This ranked no. 2 of the EU industrial R&D investment scoreboard as 54.8% of Huawei staff worked in R&D. As released on March 28, its total R&D expenditure over the past 10 years amounted to over CNY845 billion, with Huawei saying will continue to invest heavily in research and innovation.
Ping said at the event that Huawei’s ability to “survive and thrive” depends on ongoing investment in development.
“Our fight to survive is not over yet,” Guo said. “No matter what comes our way, we will keep investing. That is the only way forward.”
Jun Zhang, Director of Huawei Asia-Pacific Public Relations Department, said during an interview with the Philippine media, that although US restrictions have had a huge impact on Huawei, its main business in ICT infrastructure has remained stable, while new business segments like digital power and cloud grew rapidly and its ecosystem development efforts have entered the fast lane.
In the context of accelerating digital transformation, there are strong market demands for innovative digital solutions and high-quality suppliers.
The Asia Pacific, including the Philippines, is ripe with opportunities for digital transformation, and the pandemic has accelerated it. As 5G rolls out at full scale, connectivity, cloud, AI, computing, and industry applications have all come together to create unprecedented opportunities for the ICT sector.
Huawei will keep driving digital innovation for an inclusive Asia Pacific and leave no one behind.
For Huawei, investment not only went to R&D, but also cultivating ICT Talents.Seeds for the Future, Huawei’s global CSR flagship program launched in 2008, seeks to develop local ICT talent, enhance knowledge transfer, help participants better understand the ICT sector, stimulate their interest in it and promote and encourage participation in building a digital community.
Daniel Guo, COO of Huawei Philippines, said Seeds for the Future has been in the Philippines for seven years, with more than 200 students joining the program and some even becoming Huawei staffers after graduating from universities.
The program used to take two weeks in China and moved online during COVID. This year, the program might go hybrid.
Huawei ICT Academy, another non-profit program globally, serves as a bridge between companies and colleges, helping to build a talent ecosystem for the ICT industry.
Huawei partnered with 60 Philippine universities and established ICT academies, with over 9,000 students joining the program. By the end of 2021, Huawei had presented over 550,000 certifications worldwide, including over 17,000 Huawei Certified ICT Expert certifications.
Last year, Huawei also launched its HCIE 100 project in the country, engineers who passed the certifications will be a valuable resource for industry digitalization world.
In the Philippines, Huawei also worked together with five of the top universities for the Huawei Scholarship program, which aims to provide financial assistance to deserving students who are already in their 3rd to 5th year in college.
Huawei has sponsored 22 scholars as of now.
PH slides to top 4 in Kaspersky’s new global ranking of countries most targeted by online threats
February 5, 2024 9:46 p.m.
In 2023, web threats targeting the Philippines were about two percent less (48%) than in 2022 (49.8%), according to the latest Kaspersky Security Network (KSN) report.
With this new data, the country moved two spots down to fourth place worldwide among countries most targeted by malicious files from the internet and phishing websites. It looks like a positive development but Kaspersky is strongly advising against dropping the armor.
“There are two things that could explain the drop in web threats, albeit slightly. First is that we see the country is slowly making headway in cybersecurity. We classify the Philippines to be in the intermediate group of countries that are identifying cyberattacks and making efforts to implement rules. The second one and this we have to seriously take note, is that cybercriminals are continuously taking other attack routes that might be off the radar. One trend that we consistently have been seeing lately is their preference for targeted attacks instead of the spray and pray method,” said Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.
“Complacency, however, is still not an option. Cybercriminals continue to develop their tools and techniques. They actually surprise cybersecurity experts all the time. Our mindset should be how to be able to hunt threats before they could cause harm and damage. At this point, I recommend that we should be talking more about threats as we proactively learn to detect and respond to them. This is where threat intelligence comes in handy,” added Yeo.
Web or online threats are attacks through browsers which are also cybercriminals’ tried and tested way to spread malware. It can easily be done with or without the involvement of the victim.
A web attack with victim participation is done through social engineering. The victim is tricked into doing something that jeopardizes their personal security or the security of the organization they work for. The objective is to get the victim to respond by clicking an infected email attachment, a compromised website, or responding to a fake unsubscribe notice, among others. Last year’s data breaches involving a government agency and an e-wallet company, which were each reportedly traced to phishing, are examples of this type of web threat.
An attack requiring no victim involvement is through drive-by downloads. By simply visiting a compromised website, their device gets infected automatically (and silently) particularly if they failed to apply a security update to one of their apps. This method is used in most web attacks.
In the recent global ranking, the Philippines came behind Mongolia (51.8%), Moldova (48.9%) and Greece (48.8%). Since 2019, the country has consistently been in the top 10 ranking countries.
Among Southeast Asian countries, the Philippines is trailed by Malaysia with the overall percentage of users attacked by web-borne threats from January to December 2023.
To stay protected, Kaspersky recommends users the following:
- Do not download and install applications from untrusted sources
- Do not click on any links from unknown sources or suspicious online advertisements
- Create strong and unique passwords, including a mix of lower case and upper case letters, numbers, and punctuation, as well as activating two-factor authentication
- Always install updates
- Ignore messages asking to disable security systems for office or cybersecurity solution
- Use a robust cybersecurity solution appropriate to your system type and devices
For organizations, Kaspersky recommends the following:
- Always keep software updated on all the devices to prevent attackers from infiltrating network by exploiting vulnerabilities
- Use strong passwords to access corporate services. Use multi-factor authentication for access to remote services
- Choose a proven endpoint cybersecurity solution for business that is equipped with behaviors-based detection and anomaly control capabilities for effective protection against known and unknown threats
- Use dedicated set of effective endpoint protection, threat detection and response products to timely detect and remediate even new and evasive threats
- Use the latest threat intelligence information to empower your security experts
There’s a Nanyang near you for all your Singaporean food cravings
August 4, 2023 6:30 p.m.
Missing Singapore’s famous Hainanese Chicken Rice, Laksa fishball, Cheesy Chicken Chop Noodles and Kopi?
Visit your nearest Nanyang Philippines branch.
Globe powers up TOYCON 2023’s landmark 20th year
June 29, 2023 6:53 p.m.
As Toycon Philippines proudly commemorates its 20th year, the landmark celebration promises to be more electrifying than ever with the formidable support of leading digital lifestyle brand Globe.
Globe has always been at the forefront of supporting diverse subcultures and passions, and this partnership is a testament to its commitment. As part of the collaboration, Globe will bring to life the rich world of its cinematic and theatrical partners, further enriching the TOYCON 2023 experience for attendees.
“As the country’s most reliable network and top digital solutions platform with an ecosystem of various services, we’re uniquely positioned to foster the vibrancy of the toy collecting and creating community. This partnership underscores our commitment to nurturing a wide array of passions and interests while ensuring the best connectivity for all participants.”
Cholo Mallillin, Marketing Head at Toycon Philippines, said: “The collaboration with Globe will further elevate the Toycon experience. This partnership will bring more surprises and rewards to our community. We invite everyone to join us as we celebrate 20 years of Toycon in the most exciting way possible.”
TOYCON 2023 will be held at the SMX Convention Center in MOA from July 7 to 9, 2023. Attendees are in for a treat, as they have the chance to meet their beloved childhood characters, explore an expansive marketplace of unique toys and collectibles, and participate in exclusive Globe activities.
One of the highlights of the partnership is a series of exclusive perks for Globe customers. By using Globe Rewards points, customers will have the opportunity to win various ticket tiers ranging from Day Passes to VIP Passes. There will also be exclusive toy freebies for VIP pass holders, and unique Globe-only activities, such as paint-your-own Gudi.
At the event, Globe will also host an interactive booth featuring activities designed to reward and inspire. From earning freebies by donating Rewards points to a good cause, to free arcade plays and meet-ups with popular streamers, Globe customers are in for an exciting weekend of gaming and beyond.
To learn more about Globe, visit https://www.globe.com.ph/.
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