Huawei’s enterprise business booms in Western Europe on innovation

Huawei’s enterprise business booms in Western Europe on innovation

BARCELONA, Spain, Nov. 16 (Xinhua) — Huawei, a leading global information and communications technology (ICT) solutions provider, is seeing its enterprise business booming in Western Europe, a senior Huawei manager said. “Our enterprise business has been growing very fast in Western Europe since we started such business here in the second half of 2012,” Leon He, president of Huawei’s Enterprise Business Group in Western Europe, told Xinhua.Through its enterprise business, Huawei provides comprehensive and efficient ICT solutions and services to government and public sectors, finance, transportation, electrical power, energy industries and enterprises.

Speaking to Xinhua on the sidelines of the 2013 Gartner Symposium which concluded on Thursday, He refused to give specific figures but said the growth is “very fast.”

According to He, enterprise business has become the fastest-growing part among Huawei’s three business units, namely, telecom carrier networks, enterprise networks and consumer businesses.

He attributed Huawei’s success in Europe to its ability to provide integrated services and its enormous investment in customer-centric innovation.

Huawei is strong in both providing integrated services and manufacturing its own ICT equipments, while its competitors in Europe or the United States are only strong in one of the two, He said.

Huawei is able to provides a full series of ICT products and solutions, including enterprise networks, enterprise wireless, network power, unified communication and collaboration, cloud computing and data centers, and enterprise information security.

Customer-centric innovation is Huawei’s another key to success, He said.

Huawei has 70,000 research & development (R&D) staff globally, which comprise more than 46 percent of Huawei’s total employees worldwide, according to He.

“Every year, we invested more than 10 percent of our revenues in innovation. More importantly, our innovation is based on users’ requirements,” he added.

Huawei’s R&D expenses totaled 3.8 billion U.S. dollars in 2011, and the company spent cumulatively over 16.6 billion dollars on R&D over the last decade, according to He.

Thanks to its customer-centric innovation, Huawei has not only avoided the negative effects of the European debt crisis, but also benefited from it, He said.

“The debt crisis has actually been an opportunity for us, because a lot of government departments are trying to find cost-effective products and solutions, which we are good at, under fiscal pressure,” said He.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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