Hu houkun, the hottest rotating CEO of Huawei, is

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Huawei's rotating CEO Hu houkun: innovation is a "marathon"

Huawei's vice chairman and rotating CEO Hu houkun delivered a speech at the 14th Munich Economic Forum, sharing Huawei's innovative ideas. He pointed out that enterprises must adhere to long-term R & D investment in order to achieve good innovation results in building an all aluminum alloy car body frame

innovation is a marathon, not a 100 meter dash. Hu houkun said. Since its inception, Huawei has insisted on investing at least 10% of its sales revenue in research and development. In 2014, China invested $6.6 billion in research and development, with a year-on-year increase of nearly 30%, accounting for 14% of the sales revenue in 2014

Hu houkun, vice chairman and rotating CEO of Huawei, spoke at the 14th Munich Economic Forum and shared Huawei's innovative ideas

Nowadays, the component types in the market include S-type

innovation, which is Huawei's core competitiveness and has become a part of Huawei's gene. Hu houkun said that nearly half of our more than 170000 employees worldwide are R & D personnel. Over the past 10 years, Huawei has invested more than $30billion in R & D


the situation that the big is Evergrande and the strong is Evergrande will be concentrated in the next few years. The continuous investment in innovation has brought rich returns to Huawei. By the end of 2014, Huawei had obtained 38825 patents, of which more than 90% were invention patents. According to the report released by the world intellectual property organization, a United Nations agency, Huawei applied for 3442 international patents in 2014, ranking first among global enterprises

Hu houkun said that in addition to persisting in R & D investment for a long time, successful innovation should also focus on customer needs and actively work with customers and industry partners to jointly innovate

customer demand is the driving force and goal of innovation. Hu houkun said that the success of customers is the best reward for innovation. In Huawei, all innovation activities focus on the current and potential needs of customers. For example, when Huawei expanded its business in Europe, European operators hoped that the base stations would cover a smaller area, be more convenient to install, be more environmentally friendly, save power, and have better coverage. Therefore, Huawei proposed the concept of distributed base stations for the first time in the world, greatly reducing the cost of operators deploying base stations. This innovation has been widely adopted by industry partners

Hu houkun believes that enterprises should not play a monologue, but actively cooperate with customers and industry partners to innovate, be good at using global high-quality resources, especially outstanding talents in different parts of the world, and create an ecological environment conducive to innovation. At present, Huawei has set up 16 research institutes around the world and 31 joint innovation centers with customers. Recently, Huawei announced the establishment of the European Research Institute, which coordinates the work of Huawei's 18 research institutions in eight European countries, mainly focusing on the research of new generation network technology. Huawei also has extensive cooperation with many leading European companies and research institutions

the Munich Economic Forum is jointly organized by the BMW foundation and the Munich Institute of economics. Government officials from Germany, France, Italy, the Czech Republic, Croatia and other countries, as well as experts, scholars and media from the European Commission, the European Policy Research Center, the European School of business administration, Roland Berger international management consulting, UBS, the economist, the financial times and other institutions attended the meeting

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