"We feel the great responsibilities on our shoulders," said Cathy Meng, CFO of Huawei, delivering keynote speech at the 4th ICT Finance Forum in New York on 17 June. Huawei is a leading global information and communications technology (ICT) solutions provider.
"Huawei's key responsibility is to maintain the integrity and health of our business so we can continue to support the consumers, enterprises and carriers we are proud to have as customers. We will continue to build the global information society."
She was referring to compliance with laws and regulations of the countries in which Huawei operates and maintaining market competition. "It means striving to provide our customers with superior services to ensure Huawei's healthy and stable growth," she said.
Huawei has deployed its competitive products and solutions in over 170 countries and set up 16 R&D centers worldwide, serving over one-third of the world's population.
Discussing Huawei's commitment to its customers, Meng said, "Over the past 27 years, no matter how difficult the situation, our employees have held strong to their positions to ensure secure and stable network operations. In difficult times and in the face of natural disasters, when others rushed away, our employees ran in the opposite direction because they knew that if networks are down, more people will suffer far greater miseries."
Huawei's contribution to society
Meng also touched upon the evolution of her company's technological contribution to society. "IBM's computers brought standardization and compatibility, Microsoft's Windows operating system made those computers easy to use, and Cisco's IP technologies have changed the way people perceive digital transmission and IP technology," she said. "For our part, I believe the deployment of Huawei's network equipment has helped to accelerated the process of building the network society, ushering in the Internet era and opening a window into an amazing new world."
"We are committed to building a better connected world that links people to people, things to things, and people to things. The unlimited possibilities brought about by a digital, connected world are driving us forward into the era of information."
Meng said that Huawei believes that a technological revolution will take place over the next 10 to 20 years and that, as breakthroughs are made in basic technologies with new developments such as grapheme, the electronic information industry is at the edge of this coming revolution. Huawei will continue to make R&D investments, innovate with basic technologies, and openly cooperate and innovate jointly with customers. "Huawei will keep up with the times, and contribute to the advancement of mankind," she said.
"The fundamental reason for Huawei's success is our core values - being customer-centric, treating our dedicated employees as the foundation. With our customers, we have established 28 joint innovation centers, enabling our technologies to create business value directly for them."
Meng also highlighted how Huawei honours its dedicated employees for their commitment by providing greater rewards and opportunities. For example, she outlined how employees have overcome extremely harsh conditions on Mount Qomolangma (Mount Everest) and the 74-degree-north-latitude North Pole.
"Our employees have left clear footprints; from the east of the Pacific to the west of the Atlantic, from the north of the Arctic Ocean to the Southern point of South America, from the high plateaus of Bolivia to the low lands of the Dead Sea," she said. "In all these places there are Huawei employees serving our customers, making people's dreams of communication come true through the deployment of 3G and LTE networks. Customer-centricity has become part of our corporate DNA."
"Over the past six years, the global economy has gone through numerous ups and downs, and the financial crisis is still with us," she said, commenting on the current economic climate. "To get through it, there won't be a U-turn, rather, the changes will be in spiral form. The global economy will be further integrated and form a complete chain, with all parts being interdependent. If one part has a problem, a domino effect will occur and a negative cycle will begin again. Therefore, we should all work together to ensure a stable financial foundation."