Chinese technology firm Huawei said on Thursday it would always take cybersecurity and privacy protection as the company's top guiding principle.
"We raise our awareness of cybersecurity to such a high level because we are facing the future of cloud computing era underpinned by cybersecurity," said Ren Zhengfei, founder and president of Huawei Technologies Co., Ltd., at a group interview in Shenzhen.
Ren also said Huawei plans to invest 100 billion U.S. dollars to rebuild its network system in the next five years.
"We plan to invest greatly on research and development in the next five years to build the world's best network."
Huawei will increase its investment to achieve four goals – simplifying the network; simplifying the transaction models of the network; achieving utmost cybersecurity; and the privacy protection of the General Data Protection Regulation (GDPR) meeting the European standards, said Ren.
Recently, the company has opened its advanced labs and production lines for media visits.
