Huawei Invests $100 Million to Foster AI and 5G Startups in Asia-Pacific Region

Digital Education for 500,000 People Within 5 Years

Ken Hu, Rotating Chairman of Huawei

[Asia Economy Reporter Cha Min-young] Huawei announced on the 20th that it will invest $100 million to foster IT startups in the Asia-Pacific region.

On the 19th, Huawei co-hosted the 'Huawei APAC Digital Innovation Congress' with the ASEAN Foundation in Singapore, where it announced this plan while presenting on digital innovation and the future of the digital economy in the Asia-Pacific region. Over the next five years, digital education will also be provided to 500,000 people.

Huawei plans to focus on nurturing IT startups in fields such as artificial intelligence (AI), 5G, and the metaverse (extended virtual world) in the Asia-Pacific region by utilizing its global startup education and investment program, 'Spark.' To date, it has supported more than 70 startups in the Asia-Pacific region, including Singapore, Malaysia, Indonesia, Thailand, and Hong Kong, and has invested a total of $42 million over the past 16 months.

Ken Hu, Huawei's rotating chairman, stated, "The Asia-Pacific region is one of the most dynamic regions culturally and economically in the world," adding, "Huawei will continue to invest in innovation and support partners in achieving their strategic development goals. In 2022, we plan to promote digital infrastructure, low-carbon development, and digital inclusion to expand support for an eco-friendly and digitalized Asia-Pacific region."

Simon Lin, president of Huawei Asia-Pacific, introduced the mission "In Asia-Pacific, For Asia-Pacific." This embodies a commitment to playing a pivotal role in the digital economy of the Asia-Pacific region and building a "better green digital life" with customers and partners. Lin said, "We hope Huawei will contribute to leading and eco-friendly infrastructure construction, industrial ecosystem development, and creating an inclusive and sustainable Asia-Pacific region."

According to President Lin, Huawei provides connectivity to approximately 90 million households and 1 billion mobile users in the Asia-Pacific region. Huawei's Infrastructure as a Service (IaaS) is known to hold the fourth-highest market share in emerging Asia-Pacific markets.

Meanwhile, more than 1,500 government officials, experts, researchers, partners, and analysts from 10 countries in the Asia-Pacific region attended the conference. Participants explored digital innovation and the future of the digital economy, discussing topics such as continuous ICT technology advancement, acceleration of digital transformation, and eco-friendly, low-carbon development.

This content was produced with the assistance of AI translation services.