Huawei announced that under its rotating chairmanship system, Hu Houkun will serve as the rotating chairman from October 1, 2020 - March 31, 2021.
The rotating chairman, while in office, is the company's chief executive and presides over the company's board of directors and standing committees of the board.
Hu Houkun was born in 1968 and graduated from Huazhong University of Technology.
He joined Huawei in 1990 and has served a number of roles including President of Huawei China Marketing, President of Huawei Latin America, President of Global Sales, and currently serves as Vice Chairman and rotating chairman.
Hu Houkun delivered opening remarks at the first "Financial Technology Innovation Roundtable Forum" held recently in Shanghai.
Speaking about Huawei's business, Hu Houkun said that Huawei is actively embracing new opportunities in the global digital transformation, especially in China, which is driven by a dual development model of new infrastructure and economy.
As a leading technology company, Huawei has inevitably been affected by the current geopolitical changes. Since the beginning of the year, Huawei has continued to operate at a solid pace, achieving revenue growth of 13.1 percent despite the severe impact of the epidemic that hit the first half of 2020, he said.
Embracing the digitalization wave is an important growth strategy for Huawei's business in the future, with the government and enterprise markets being the key engines for future business development, he said.
The financial industry, with its high degree of digitization and rapid introduction of new technologies, is of great value in driving Huawei's technological innovation direction and is a key direction for Huawei's investment, said Hu Houkun.
Hu Houkun said that 5G, which is spreading, will accelerate the arrival of the Internet of Everything, and "5G Messages" may replace the APPs now in use and become a new entrance to financial mobile services, just as "WeChat" replaced traditional SMS in the 4G era.
Huawei says it will invest $500 million in cars this year, not considering profits in short term
