A sign that reads "5G park" is seen inside the Huawei global headquarters in Shenzhen in China���s southern Guangdong province on December 18, 2018.   / AFP / Nicolas ASFOURI
"5G park" sign inside the Huawei global headquarters in Shenzhen, China. AFP

A market without Huawei is 'like an NBA game without star players', chairman says



Huawei, which is facing mounting global pressure over accusations that its equipment is not secure and facilitates espionage, will continue its 5G network development despite its technology being banned by some Western nations, its chairman assured employees on Tuesday.

“For 5G markets that choose to not work with Huawei – they will be like an NBA game without star players,” said company’s rotating chairman Guo Ping, in his New Year letter sent to nearly 180,000 employees globally.

“The game will go on, but with less deftness, flair and expertise,” he added.

UK telecoms firm BT is the latest firm barring Huawei 5G equipment from its core network. Australia and New Zealand also announced last year that they would not allow Huawei to be involved in building the next generation 5G systems in their countries.

Local Japanese media has also reported that the country’s top three carriers - NTT Docomo, SoftBank Group and KDDI - will ban telecommunications equipment by Huawei. US media reports have suggested Washington is urging its allies to avoid Chinese technology networks amid fears they could be used for spying.

Despite global tension, Huawei is rolling up its sleeves to pursue its 5G network ambitions and aims to remain the market leader for at least the next year.

Huawei chairman Liang Hua told media last week that the firm’s operations remain ‘normal’ even as it faces a ‘complicated’ environment.

“We believe that customers will make their own decisions,” said Mr Liang, adding that Huawei is planning to release its first 5G-enabled smartphone in the first half of 2019, and will achieve commercial scale of those phones by the second half.

In 2018, Shenzhen-headquartered Huawei signed 26 commercial contracts for 5G with global carriers and shipped more than 10,000 5G base stations that enable the network to markets around the world.

Anticipating more headwinds in 2019, Mr Guo said that business performance remains strong - the best response to ‘negative’ conjecture and market ‘restrictions’.

“We may very well encounter even greater difficulties. In times like this, we must improve the quality of our operations and continue forging ahead to satisfy customer needs and achieve strategic leadership.”

Huawei’s 2018 sales revenue is expected to reach $108.5 billion, up 21 per cent year-on-year.

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Huawei’s chief financial officer Meng Wanzhou was detained on December 1 by Canada at the request of the US for allegedly conspiring to defraud American banks and violating sanctions related to doing business in Iran. She is currently out on bail and must stay in Vancouver, awaiting a possible extradition to the US, where if convicted, she faces 30 years in jail.

Mr Guo has exhorted to not be discouraged by ‘malicious’ incidents or temporary ‘setbacks’.

“We must remain determined to achieve global leadership. Setbacks will only make us more courageous, and incredibly unfair treatment will drive us to become the world's number one.”

ASIAN RUGBY CHAMPIONSHIP 2024

Results
Hong Kong 52-5 UAE
South Korea 55-5 Malaysia
Malaysia 6-70 Hong Kong
UAE 36-32 South Korea

Fixtures
Friday, June 21, 7.30pm kick-off: UAE v Malaysia
At The Sevens, Dubai (admission is free).
Saturday: Hong Kong v South Korea

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

The years Ramadan fell in May

1987

1954

1921

1888

WITHIN SAND

Director: Moe Alatawi

Starring: Ra’ed Alshammari, Adwa Fahd, Muhand Alsaleh

Rating: 3/5

The Beach Bum

Director: Harmony Korine

Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg

Two stars

Section 375

Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat

Director: Ajay Bahl

Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL

Rating: 3.5/5

'The Ice Road'

Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne

2/5

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

'Young girls thinking of big ideas'

Words come easy for aspiring writer Afra Al Muhairb. The business side of books, on the other hand, is entirely foreign to the 16-year-old Emirati. So, she followed her father’s advice and enroled in the Abu Dhabi Education Council’s summer entrepreneurship course at Abu Dhabi University hoping to pick up a few new skills.

“Most of us have this dream of opening a business,” said Afra, referring to her peers are “young girls thinking of big ideas.”

In the three-week class, pupils are challenged to come up with a business and develop an operational and marketing plan to support their idea. But, the learning goes far beyond sales and branding, said teacher Sonia Elhaj.

“It’s not only about starting up a business, it’s all the meta skills that goes with it -- building self confidence, communication,” said Ms Elhaj. “It’s a way to coach them and to harness ideas and to allow them to be creative. They are really hungry to do this and be heard. They are so happy to be actually doing something, to be engaged in creating something new, not only sitting and listening and getting new information and new knowledge. Now they are applying that knowledge.”

Afra’s team decided to focus their business idea on a restaurant modelled after the Leaning Tower of Pisa. Each level would have a different international cuisine and all the meat would be halal. The pupils thought of this after discussing a common problem they face when travelling abroad.

“Sometimes we find the struggle of finding halal food, so we just eat fish and cheese, so it’s hard for us to spend 20 days with fish and cheese,” said Afra. “So we made this tower so every person who comes – from Africa, from America – they will find the right food to eat.”

rpennington@thenational.ae

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

Western Region Asia Cup Qualifier

Results

UAE beat Saudi Arabia by 12 runs

Kuwait beat Iran by eight wickets

Oman beat Maldives by 10 wickets

Bahrain beat Qatar by six wickets

Semi-finals

UAE v Qatar

Bahrain v Kuwait