Huawei’s net profit recorded an all-time high in 2021, increasing 75.9% year-on-year to reach 113.7 billion yuan. However, revenue declined by 28.6% from the preceding year, totaling 636.8 billion yuan. The company's R&D expenditure reached 142.7 billion yuan, accounting for 22.4% of total revenue, and the highest R&D amount the tech giant recorded in the past decade.
Industry News
Data centers will fuel India’s trillion-dollar digital economy growth
India’s data centre industry is poised for a sustained period of growth, driven by a diverse range of consumption and demographic trends, says Nxtra by Airtel, the data centre subsidiary of Bharti Airtel, India’s premier communications solutions provider, in association with JLL India, the country’s largest real estate consultancy and professional services firm. The launch of a joint study projects that the expansion of the Indian data centre industry will be supported by the accelerated adoption of digital infrastructure led by the pandemic, rising digital usage, cloud consumption and the national 5G rollout.
MyRepublic appoints new president to lead new business vision
Yap Yong Teck has assumed the role of president at MyRepublic, stepping up from his previous role as group managing director. This promotion comes as MyRepublic reveals a new business vision and operating model as part of its decade-long anniversary celebration this year.
Malaysia confirms utilizing SWN model for 5G implementation
The Malaysian government is sticking to its plan of deploying 5G through a single wholesale network (SWN). In a joint statement from the ministries of finance and communications and multimedia, up to 70% equity in the wholly state-owned 5G company, Digital Nasional Berhad (DNB), will be available to telcos.
Big Data Exchange moves global headquarters to Singapore
Big Data Exchange (BDx), Asia-Pacific’s premier data center, colocation and hybrid cloud solutions provider, announced the relocation of the company’s global headquarters to Singapore. With this relocation, the company plans to continue investing in the Singapore market by creating new career opportunities and increasing its data center offerings and energy effectiveness.
Indonesia's GoTo plans to raise up to $1.26bn in IPO
GoTo, Indonesia's largest technology company, is looking to raise up to $1.26 billion in its initial public offering this month, despite rocky global market conditions.
Big Data Exchange moves global headquarters to Singapore
Big Data Exchange (BDx), Asia-Pacific’s premier data center, colocation and hybrid cloud solutions provider, announced the relocation of the company’s global headquarters to Singapore. With this relocation, the company plans to continue investing in the Singapore market by creating new career opportunities and increasing its data center offerings and energy effectiveness.
NCS grows Australia presence with S$325 million acquisition
NCS announced its acquisition of Australia’s largest privately-owned IT services company, The Dialog Group (Dialog), to better support the Australian public sector and enterprise clients in addressing their rising digital transformation needs. The acquisition of Dialog for S$325 million is geared to unlock new growth opportunities in the Australian market and accelerate NCS’ regionalisation strategy. Reputed for its extensive services portfolio from IT consulting, application development to managed application services, Dialog has presence across Brisbane, Sydney, Melbourne, Canberra, Perth, Darwin, and Adelaide.
Telenor Myanmar subsidiary sold to Lebanese M1
Myanmar's junta has approved the sale of Norwegian telecoms giant Telenor's Myanmar subsidiary to Lebanese conglomerate M1 Group, in a move activist groups warn could put sensitive customer data in the hands of the military.
India to support ITU presence in South Asia
The Government of India will fund a new Area Office for the International Telecommunication Union (ITU) to foster digital technology uptake in line with sustainable development across South Asia.