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.
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/.
Love the long weekend break? Cybercriminals do, too
April 4, 2023 5:11 p.m.
There are 18 official public holidays in the Philippines. As we all know, when these dates fall close to a weekend or if the government pursues holiday economics, most Filipinos make plans in advance to take advantage of extended holiday breaks. This year, we can get to do that at least 12 times.
Unfortunately, cybercriminals get excited about holidays, too. To refresh everyone’s memory, the $81-million Bangladesh Bank heist back in 2016 is an example of a successful cyber attack, which happened on the first day of Lunar New Year, a national holiday in the Philippines and the rest of Asia.
“Now that the world has reopened, travel is back with a vengeance this year, hence the term ‘travel revenge’. Whether Filipinos are scheduling holiday trips or just staycation-ing during the long weekends, it’s important to observe simple digital security practices so you can get to sit back and relax as you take your well-deserved vacation. Security-first thinking opens doors for a more enjoyable holiday break, especially for Filipinos who are amongst the world’s most active online users,” comments Chris Connell, Managing Director for Asia Pacific at Kaspersky.
Both individuals and companies are advised to be extra mindful of personal cybersecurity best practices and internet hygiene when on a holiday.
For companies, Kaspersky suggests to:
- Conduct drills
- Stress to vacationing employees why data encryption, two-factor authentication, strong passwords, and locking devices when not in use are important.
- Discuss the steps to take if their device ends up getting stolen.
- Advise staff about charging smartphones in a wall socket, not through USBs at airports and other public places (these can be used to steal data from a device and infect it with malicious software, such as spyware.
- Educate employees about the dangers of public WIFI (and even hotel WIFI unless it is encrypted and password-protected) and how to use a secure connection such as with a VPN.
- Log out
- Terminate unnecessary VPN connections to the corporate infrastructure.
- End unnecessary sessions that employees have left on any devices for an extended period of time. This also applies to corporate messengers, web apps and any other services.
- Check that the list of employees with access to the corporate network via VPN or RDP include only authorized users. Revoke access from those who don’t need it.
- Create special “emergency” admin accounts for potential incident response over the holidays. The rights granted to regular admin accounts can even be temporarily restricted so that attackers cannot exploit them.
- Install patches for all key applications. This process is far simpler if your company uses security solutions with a built-in patch management system.
Meanwhile, Kaspersky encourages individuals to:
- Only browse trusted apps and websites and be careful about personal information you input like credit card numbers or home address.
- Do not click on links or open email attachments from travel sites when receiving confirmations. Trusted companies include such letters in the bodies of their emails. Malware is often disguised as an attached confirmation letter.
- Bring two or three or more credit or debit cards to have a backup plan in case of loss or needing to cancel one.
- Never leave valuables unattended. Put large amounts of cash and mobile devices or laptops in the hotel safe.
- Use a credit card as most have built-in protections against fraud. There is no protection against a scammer if you send them cash or even check or debit card payment in some cases. A money transfer service is not advisable.
- Ensure their devices has security software installed, ideally with anti-theft technology.