(Yicai Global) April 20 -- Chinese telecoms giant Huawei Technologies will continue to invest in digitalization, according to Rotating Chairwoman Meng Wanzhou, who described the use of digital technologies in transforming business as the new blue ocean of the industrial chain.

Huawei will keep on investing in such areas as linkage, computing, storage, and cloud services, Meng said at the Shenzhen-based-based company’s annual global analysts’ summit yesterday.

There is a huge market space for businesses undergoing digital transformation and supporters of such a transition, she said, adding that the company predicts that the global spending on digital transformation is likely to reach as much as USD3.41 trillion by 2026.

Huawei will also promote the building of 5.5-generation technologies, or the transition between 5G and 6G mobile networks, Meng noted. Technologies, tools, and experience accumulated during the transformation will be available on Huawei Cloud, its cloud service platform, she said.

“We expect to achieve prosperity in sectors and ecology via software, and Huawei will also be involved in the digital transformation in hundreds and thousands of industries to truly turn digital technologies into productivity,” Meng said. 

Meng began a six-month stint as Huawei’s rotating chair on April 1 and made her first public appearance in the role yesterday.

Huawei will also contribute basic software and other underlying capabilities to OpenAtom Foundation, an independent non-profit organization it set up in June 2020, she pointed out.

OpenAtom is the first open-source foundation in China, and it is building a quality open-source collaborative platform for global developers. Its initial sponsors include Alibaba Group Holding, Baidu, Tencent Holdings, China Merchants Bank, and other leading tech firms.

Editors: Shi Yi, Martin Kadiev