The Pak Banker - - COMPANIES/BOSS -

Huawei is de­ter­mined to en­hance its in­no­va­tive ca­pac­ity and deepen co­op­er­a­tion with its Euro­pean part­ners for a bet­ter-con­nected world, its top ex­ec­u­tive said in Brus­sels on Wed­nes­day. Speak­ing at Huawei's Chi­nese New Year re­cep­tion, Chen Li­fang, Se­nior Vice Pres­i­dent of Huawei, said that the com­pany had in­vested be­tween 10 per­cent and 15 per­cent of its an­nual rev­enue in re­search and de­vel­op­ment ev­ery year with over 36.5 bil­lion dol­lars to date. She said that through the Huawei In­no­va­tion Re­search Pro­gram, Huawei has es­tab­lished nu­mer­ous part­ner­ships with univer­si­ties and re­search in­sti­tutes across Europe. "Over the next 20 years, we will use new tech­nolo­gies to build a Bet­ter Con­nected World. This will present us with huge op­por­tu­ni­ties. We will con­tinue to in­vest heav­ily in ar­eas such as 4K and 2K HD video, 4G mo­bile tech­nolo­gies, and cloud ser­vices," said Chen. She said Huawei held its first Euro­pean Academia Sa­lon in Lon­don just a few days ago where par­tic­i­pants from the in­for­ma­tion com­puter tech­nol­ogy sec­tor shared their per­spec­tives and ideas and learned from each other. Chen be­lieved that it was a vi­tal plat­form for more open part­ner­ships across the in­dus­try. "We will work with our global part­ners, es­pe­cially those in Europe, to grow the in­dus­try and jointly reap the ben­e­fits of the dig­i­tal econ­omy. Dig­i­tal trans­for­ma­tion will cre­ate a huge mar­ket, and it should not be the ex­clu­sive do­main of just a few com­pa­nies," said Chen.

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