Huawei allocates $100 billion to research, development

January 16, 2019 10:58 am3 comments
Huawei Technologies founder Ren Zhengfei

by SAVIOUS KWINIKA JOHANNESBURG – TELECOMMUNICATIONS equipment and consumer  electronics manufacturer, Huawei, will invest more than US$100 billion (about R1.4 billion) in research and development (R&D) over the next five years. Ren Zhengfei, Huawei founder, disclosed the investment during a media roundtable at the Huawei headquarters in Shenzhen, China. “Public companies, however, are unlikely to do […]

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Zimbabwe hurts own economy with internet shutdown

10:03 am5 comments
Internet blocked

by MTHULISI SIBANDA JOHANNESBURG – THE Zimbabwean government appears to have shot itself in the foot with the shutdown of the internet following violent protests. This comes amid estimations that the already dire economy was losing over US$5 million daily (about R68.6 million) due to the interruptions. A coalition of human rights organisations fighting internet […]

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Huawei revenues to surpass $100 billion

December 19, 2018 6:32 pm0 comments
Huawei Rotating Chairman Ken Hu

by SAVIOUS KWINIKA JOHANNESBURG – HUAWEI, the second-biggest smartphone maker, has projected its revenue for 2018 to exceed US$100 billion (over R1,4 trillion). Ken Hu, Huawei Rotating Chairman, disclosed the forecast at the Chinese’s company’s new campus in Dongguan. Hu delivered strong messages of confidence in Huawei’s business growth and prospects, […]

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