Wednesday 31 March 2021

Philippines E-Commerce Logistics Market Outlook to 2025: Ken Research

The report titled Philippines E-Commerce Logistics Market Outlook to 2025 - Driven by Growth in Internet Penetration along with Introduction of New Age Technologies by Logistics Players" provides a comprehensive analysis of e-commerce logistics services in the Philippines. The report covers various aspects including the market size (by number of orders and revenue), industry cycle, timeline, market segmentation by channel (e-commerce merchants and 3PL companies), by domestic and international shipments, by area of delivery (intercity and intracity), by mode (air and ground shipments), by delivery period duration (same day delivery, 1-2 day delivery, 3-4 day delivery and more than 4 day delivery), by type of products, by payment mode (cash on delivery, credit cards and others) and by return rate. The report also focuses on e-commerce logistics warehousing sector (warehousing clusters, space, rentals, technology, cost component analysis, etc.) in Philippines. Moreover, the report also covers the overall competitive landscape and growth drivers and trends and government role and regulations. The report concludes with market projection for future for the market, Covid-19 impact, analysts’ take on the future and case studies highlighting the major opportunities.

Philippines E-Commerce Logistics Market Overview and Size

The Filipino E-commerce industry has witnessed a moderate rise over the past 5-6 years with an increase in internet penetration into the country. Escalation in the number of smart phones in the country, fast-growing middle-class population, high consumer confidence, changing consumer preferences, etc. has augmented the growth of e-commerce leading surging demand for e-commerce logistics as well in the country. Manila and some other cities including Central Quezon City, Cebu and Davao have emerged as the key hub for demand and supply of e-commerce logistics The COVID-19 pandemic has also pushed the demand in the market as the need for social distancing has forced people to rely on online shopping. The growth in the E-commerce orders for logistics has been majorly driven with an increase in internet affinity and demand for value added services.

Philippines E-Commerce Logistics Market Segmentations

By Channel: In terms of total number of shipments, 3PL players have captured the majority of the market share as big marketplaces like Lazada and Shopee are also dependent on these players for the last mile deliveries in 2020. International e-commerce companies prefer to outsource logistics to 3PL companies to avoid the hustle of establishing their own operations.

By Delivery Period: 1-3 day delivery has dominated the market in terms of number of orders owing to increasing focus of the companies on providing better services coupled with increasing customer needs for better service. Moreover, majority of the orders are placed from the Luzon area (mainly Metro Manila), where the products can be delivered within this time duration.

By Type of Products: Consumer electronics and fashion & accessories have dominated the online retail sector in Philippines in 2020. Beauty and personal care is the third leading e-commerce category in Philippines.

E-Commerce Warehousing Sector in Philippines:

The warehousing market in the Philippines is still in the growing phase where majority of the domestic companies are operating through their own in-house operations and are less focused towards out-sourcing it to 3PL companies.

E-Commerce warehousing has captured ~6% of the overall warehousing space in Philippines. The rise of e-commerce within the country has given a major boost to the warehousing market. For instance, Lazada plans to add warehouses in the country in the next 3-5 years. Most of the e-commerce logistics players have their owned warehousing space in order to manage all the operations by themselves. E-commerce companies in Philippines generally prefer to own their warehouses in the top tier cities & outsource the warehousing requirements to e-com logistics companies in provincial areas. For last mile hubs, companies either set up their own branches or partner with the existing malls or retail outlets as a pickup and drop facility.

Competitive Landscape of Philippines E-Commerce Logistics Market:

The competition in the e-commerce logistics space in Philippines is highly concentrated whereby major 4-5 companies hold the majority of the share in the market. The major e-commerce logistics companies include LEL Express, J&T Express, NinjaVan, Lalamove, Entrego, GoGo Xpress, LBC Express, Shopee Xpress, 2GO Xpress, Air21, JRS Express and few others. The e-commerce market is also highly fragmented as the majority of the market share is composed by the top 3-4 players. Fleet size, number of orders, clientele, number of delivery centers, value-added services, price, and delivery time are the key competing parameters for the e-commerce logistics providers.

 Philippines E-Commerce Logistics Market Future Outlook and Projections

Over the forecast period, Philippines E-commerce logistics market is expected to drive up the demand because of expected surge in internet penetration, especially its exposure to the youth. Due to the COVID-19 outbreak, there has been a shift from offline sales to online sales, which is expected to ensure substantial growth in the future as well. The e-commerce logistics market in the country is expected to grow on the back of new technologies such as Automation, Blockchain, and the Internet of Things, which will be explored to increase efficiency, improve customer experience and enhance service quality.

Key Segments Covered: -

By Channel

3PL Players

E-Commerce Merchants

By Type of Shipments

Domestic Shipments

International Shipments

By Area of Delivery

Intercity

Intracity

By Mode

Air Shipments

Ground Shipments

By Delivery Period

Same Day Delivery

1-2 Day Delivery

3-4 Day Delivery

More than 4 Day Delivery

By Type of Products

Consumer Electronics & Media

Fashion & Accessories

Foods & Personal Care

Home Care & Furniture

Toys & Baby Products

Others (Video Games, Digital Music, Pet Care, Home Gardening, etc.)

By Payment Mode

Cash on Delivery

Credit Cards

Others (Debit Cards, Paypal, GPay, SMART Money, etc.)

Captive and 3PL E-Commerce Warehousing

Warehousing Concentration in Philippines

E-Commerce Logistics Companies Covered

LEL Express

J&T Express

NinjaVan

Lalamove

Entrego

GoGo Xpress

LBC Express

Shopee Xpress

2GO Express

Air21

JRS Express

E-Commerce Marketplace Platform Covered

Lazada

Shopee

Zalora

Key Target Audience

3PL Logistics Companies

Integrated Logistics Companies

E-Commerce Marketplace Platform

Retail Companies

Logistics/Supply Chain Industry Associations

Time Period Captured in the Report:-

Historical Period – 2019-2020

Forecast Period – 2020-2025

Key Topics Covered in the Report: -

Philippines E-Commerce Market Overview

Cross Comparison- Major E-Commerce Players in Philippines

Philippines E-Commerce Logistics Market Overview

Cost Component for Philippines E-commerce Logistics Industry

Philippines E-Commerce Logistics Market Size

Philippines E-Commerce Logistics Market Segmentation 2020

Philippines E-Commerce Warehousing Landscape

Philippines E-Commerce Warehousing Clusters

Philippines E-Commerce Warehousing Rentals

Philippines E-Commerce Warehousing Cost Analysis

Philippines E-Commerce Shipments Pricing Analysis

Philippines E-Commerce Logistics Market Growth Drivers

Philippines E-Commerce Logistics Market Trends & Developments

Philippines E-Commerce Logistics Market Government Role and Initiatives

Philippines E-Commerce Logistics Market Logistics Constraints

Philippines E-Commerce Logistics Market SWOT Analysis

Competitive Landscape of Philippines E-Commerce Logistics Market

Philippines E-Commerce Logistics Market Cross Comparison

Philippines E-Commerce Logistics Market Pricing Analysis

Future Market Size and Segmentations, 2020-2025F

Covid-19 Impact on Philippines E-Commerce Logistics Market

Analyst Recommendations

Case Studies

For More Information On the Research Report, Refer to the Below Link: -

Philippines E-Commerce Logistics Market

Related Report by Ken Research: -

India E-Commerce Logistics Market Outlook to 2025-Driven by Changing Shopping Patterns and Increasing Demand of Fast Delivery Services

Competition Benchmarking of Top Logistics Players in Indonesia in Transportation, Warehousing, Cold Chain, 3PL, Express, E-Commerce, Automotive, Pharma and Retail Logistics

Hungama launches Sniper – Love Attack: an exciting action game to celebrate Shaan’s superhit track

India, 31st March 2021: Hungama, India’s leading digital entertainment company, today launched Sniper – Love Attack, a new action game based on Shaan’s superhit single, ‘Sniper’. The game celebrates the success of the track and features an animated avatar of Shaan’s character, a don, introduced in the music video, who must navigate through different levels and kill his enemies. With simple controls, the game has an engaging storyline and an easy-to-use interface, providing an entertaining time to players looking for both, short or longer sessions. Users play as Shaan and experience varying levels of complexities with each level. The game is available on Hungama Gameszone https://bit.ly/39tM9wm, an HTML5 based gaming portal that offers easy and free to play games across various categories like sports, arcade, action, adventure, strategy and puzzle.

The original music video of the song, Sniper, features Shaan playing a don while actor, Sonali Raut plays an undercover assassin. The song re-introduces Shaan in a never-seen-before avatar, features a new age music production, edgy vocals and quirky lyrics in Punjabi, Hindi and English. Shaan is the singer and composer, and Kunwar Juneja has penned the lyrics.  The music video is directed by MG Mehul Gadani.

Talking about the game, Siddhartha Roy, COO, Hungama Digital Media said, “Casual gaming is one of the fastest growing categories in the gaming industry and we expect an almost 35% increase in casual gamers over the next 2 years. Through Hungama Gameszone, we continue to offer users a wide variety of games that are simple in their interface, yet engaging in their format. We are glad to work with Shaan, one of the most talented musicians in the country, and give his fans a chance to experience his track in the form of an interesting game.”

Sharing his thoughts, Shaan said, “Sniper is a very special track for me. I got a chance to reinvent myself and share a version of me that my fans had never seen before. I am glad to work with Hungama on a game based on the track and offer my fans yet another way to enjoy the song. It is exciting to see my digital avatar in the game and feel certain that users will enjoy playing it as much as I do.”

To play Sniper – Love Attack game on Hungama Gameszone click here - https://bit.ly/39tM9wm

Evening Insurance Alertss - 852

 

Why the rich must make life insurance an integral part of estate planning
http://insurancealerts.in/MasterPage/MediaView/23156
INSTECC.png
Need to get a credible bank as replacement for IDBI Bank: Ageas Federal Life CEO
http://insurancealerts.in/MasterPage/MediaView/23160
Insurance Companies employees union approaches Delhi HC against medical premium hike
http://insurancealerts.in/MasterPage/MediaView/23161
Probe Agency Files Charge Sheet Against Ex-Employee Of LIC For Fraud
http://insurancealerts.in/MasterPage/MediaView/23162
Health insurance in India: sector overview.
http://insurancealerts.in/MasterPage/MediaView/23163
INSCO .png
Aon to close down globally for two days
http://insurancealerts.in/MasterPage/MediaView/23159
Obstacles are necessary for success because in selling, as in all careers of importance, victory comes only after many struggles and countless defeats.  — Og Mandino
http://insurancealerts.in/MasterPage/MediaView/23146
BROKER.png
Insurers fail to honor BI claims despite test case ruling
http://insurancealerts.in/MasterPage/MediaView/23155
Suez Canal blockage a huge loss event for global reinsurers Reinsurers
http://insurancealerts.in/MasterPage/MediaView/23157
Australia:High Court agrees to hear arguments in BI test case
http://insurancealerts.in/MasterPage/MediaView/23158
TPA.png

Parul Gulati, a millennial star taking over the digital space!


~Parul Gulati speaks about her stint in the web space and her recent project Hey Prabhu 2~

The past year has shifted the momentum to digital space leading to maximum attractions on streaming platforms. The shift has opened the gates for many aspiring actors and many of them have managed to be the breakout stars. Parul Gulati, who has always grabbed eyeballs with her dazzling performances in the past, has once again impressed us all as Arunima in season 2 of the much-loved series ‘Hey Prabhu’.

MX Original Series ‘Hey Prabhu 2’ is a fun and slice of life dramedy series that takes you on the journey of Tarun Prabhu’s (Rajat Barmecha) life. A social media guru with a messed up personal life is what followed in season 1.

Here’s the season 1 recap - http://bit.ly/HeyPrabhu_S1Recap

Picking up from there, this season witnesses 10X drama for him in his personal, professional and love life. Parul Gulati who essays the role of Arunima talks about her experience on the show & OTT platforms.

Parul Gulati shares, “I am grateful that most of my work was released in the last one year. Web space is vast for an actor to explore him or herself. To be able to play 3 to 4 characters one different from another doesn’t come your way easily. But web series have allowed me that, it is a great time to be an actor or artist.”

She further adds, “Talking about Hey Prabhu 2, it’s a show that talks about the millennial issues without subduing them and that’s the best part about the show. We’ve all been there, done that. Arunima is a character that I’ve grown with, I’ve learnt a great deal from her and her way of tackling things. I hope that the audiences love the show as much as they enjoyed season 1.”

Directed by Abhishek Dogra, the series also sees Achint Kaur, Jasmeet Singh Bhatia, Sonyaa Ayodhya, Pryanca Tadulkar, Rituraj Singh, Grusha Kapoor, Dev Dutt, Ashish Bhatia, Raj Bhansali and Neha Panda. The show is streaming now for free on MX Player.

NextGenInnov8 & HeadHeldHigh Foundation in partnership to promote Mission 15.1k


Accelerated thrust given rising covid cases across India; focus on small kirana stores & vegetable vendors besides government schools 

Mumbai March 31, 2021 – NextGenInnov8, a transformation-focused venture, today announced it partnering with Bengaluru-based Head Held High Foundation (HHH) for its “Mission 15.1k” which envisages donation of 15,100 Suraksha Boxes to small vegetable vendors/kirana stores & government schools among others. Suraksha box is a UVC Light sterilization box that can be used to keep fruits, vegetables, keys, wallets, goggles sanitised from all viruses including all strains of COVID-19 disinfected and clean. Tested, approved, and certified by CSIR-CMERI (ICMR Approved lab) to safeguard against viruses, bacteria & fungi including COVID-19, Suraksha Box has a Govt. of India (MC&I) published patent.  The movement is targeted towards providing Suraksha Boxes to underprivileged sections of society, front-line workers, schools and institutions, slum dwellers, etc. 

Speaking about the collaboration, Aditya Pachpande, Founder, NextGenInnov8, said, “Mission 15.1K is more relevant than ever considering the alarming spike in COVID cases across India. There is a real sense of urgency to ensure those who need this protection the most in this period, get it and this partnership with Head Held High foundation is to accelerate and make this happen. I sincerely appeal more individuals, corporates, NGOs to join the movement. Heartily thank the team at the foundation for their support.” 

In his comments, Pankaj Singh, CEO, Head Held High Foundation, said, “We are happy and proud to partner with NextGenInnov8 in making these Suraksha Boxes widely available across the country. This invention by 14-year-old Aditya Pachpande is not only relevant and useful for people in their daily lives but also symbolises the kind of youth-driven innovation that Head Held High has always championed.” 

About Head Held High Foundation: Head Held High Foundation (HHH) is a ‘not-for-profit’ foundation with a national footprint focused primarily on poverty alleviation. The core of HHH initiatives is transforming lives through capability enhancement. They work on poverty eradication and through their initiatives facilitate transformation by empowering and enabling marginalized and illiterate youth to become capable and live their lives with dignity. 

About NextgenInnov8: NextGenInnov8 is an innovation-driven company dedicated to facilitating and bringing about innovative solutions to the world’s problems. It is founded by Aditya Pachpande, a young innovator and entrepreneur. The mission is to set up innovation clubs in every possible school in the world in order to teach and trigger creativity, innovation, critical thinking and problem-solving skills to children worldwide to prepare them for a secure and bright future. To know more and get details for donating the Suraksha box, do visit http://www.nextgeninnov8.com/ 

शीतल-अभिजीतचं लव्ह साँग 'लंडनचा राजा...'कैलाश पवार दिग्दर्शित प्रजक्ताफिल्म प्रोडक्शनचं नवं कोर गाणं...

अलीकडच्या काळात सिंगल व्हिडीओ साँग्ज रसिकांना मोहिनी घालण्यात यशस्वी होत आहेत. नवी कोरी गाणी संगीतप्रेमींच्या ओठांवर सहजपणे रुळतही आहेत. असंच एक नवं कोरं लव्ह साँग रसिकांच्या मनाचा वेध घेण्यासाठी सज्ज झालं आहे. प्राजक्ता फिल्म प्रोडक्शनची निर्मिती असलेलं 'लंडनचा राजा... इटलीची राणी...' हे प्रेमगीत बऱ्याच कारणांनी आपलं वेगळेपण जपणारं आहे. सध्या लाइमलाईटमध्ये असलेली शीतल अहिरराव आणि अभिजीत श्वेतचंद्र या कलाकारांवर हे गाणं चित्रीत करण्यात आलं आहे. 
रेखा सुरेंद्र जगताप, नितीन माने आणि संजय शिंदे यांची निर्मिती असलेल्या 'लंडनचा राजा... इटलीची राणी...' या गाण्याच्या निमित्तानं रसिकांना एका नव्या कोऱ्या जोडीची आॅनस्क्रीन केमिस्ट्री अनुभवण्याची संधी मिळणार आहे. शीतल आणि अभिजीत या गाण्यासाठी प्रथमच एकत्र आले आहेत. नैतिक खरस आणि प्रफुल्ल कांबळे यांच्या लेखणीतून अवतरलेलं हे गीत त्यांनीच संगीतबद्धही केलं आहे. नैतिक आणि सोनाली सोनावणे यांच्या सुमधूर आवाजात हे गीत रेकॅार्ड करण्यात आलं आहे. कैलाश काशिनाथ पवार यांनी या गाण्याचं दिग्दर्शन केलं असून, अलिबागमधील निसर्गरम्य परिसरात हे गाणं शूट करण्यात आलं आहे. या गाण्यात रसिकांना एक लव्ह स्टोरी अनुभवायला मिळणार आहे. एका राजा आणि राणीची गोष्ट यात दडली आहे. गीत-संगीताच्या माध्यमातून ती हळूहळू उलगडत जाते आणि या गीतासोबत ऐकणाराही समरसून जातो हा 'लंडनचा राजा... इटलीची राणी...' या गीताचा प्लस पॅाइंट आहे. केवळ एक गाणं करण्याच्या भावनेतून नव्हे, तर गाण्याच्या माध्यमातूनही मनात उद्भवणाऱ्या काही तरल भावना रसिकांपर्यंत पोहोचवण्याच्या उद्देशानं हे गाणं बनवण्यात आल्याचं दिग्दर्शक कैलाश काशिनाथ पवार यांचं म्हणणं आहे. 
'व्हीआयपी गाढव' आणि 'एचटूओ' या मराठी चित्रपटांमध्ये झळकलेल्या शीतल अहिररावची मराठी प्रेक्षकांना वेगळी ओळख करून देण्याची गरज नाही. शीतलनं आपल्या अभिनयकौशल्याच्या बळावर मराठी सिनेसृष्टीत आपलं एक वेगळं स्थान निर्माण केलं आहे. अभिजीतनं यापूर्वी 'व्वा पैलवान', 'तालीम', 'संजना' या चित्रपटांद्वारे लक्ष वेधून घेतलं असून, सध्या तो स्टार प्रवाह वाहिनीवरील 'नवे लक्ष्य' या मालिकेत महत्त्वपूर्ण भूमिकेत आहे. आपापल्या परीनं स्वत:ला सिद्ध करणाऱ्या शीतल-अभिजीत यांनी 'लंडनचा राजा... इटलीची राणी...' या गाण्यातही कमाल केली आहे. या रोमँटिक गाण्यात दोघांनी आपल्या परीनं एक वेगळाच रंग भरला आहे. त्यामुळं रसिकांनाही हे गाणं पहायला आणि ऐकायला आवडेल अशी आशा व्यक्त केली जात आहे. दर्जेदार निर्मितीमूल्ये ही या गाण्याची आणखी एक जमेची बाजू आहे. या निमित्तानं रसिकांना अलिबागमधील निसर्गसौंदर्य पाहण्याची संधी मिळणार आहे.

The ONGC Foundation's Campaign to Protect the Covid Vaccine


Covid vaccination is taking place in the country. The government is collaborating with social organisations to get the vaccine to the population. The vaccine is administered to citizens in a sequential way based on their age. ONGC Foundation, in partnership with the government, is also active in vaccination. For proper vaccine maintenance, the ONGC Foundation has provided several defrizzers and refrigerators in many states across the country. To keep the vaccine at a constant temperature and ready for use in vaccinations. The ONGC Foundation, in collaboration with states such as Nagaland, Tripura, Uttarakhand, and Gujarat, has provided defrizzers for storage. A fixed number of vaccines can be collected in one location and stored at a specific temperature using these defrizzers. This is unique in that it is only prepared for Covid Vaccination.
According to ONGC Foundation CEO Kiran DM, "this is our CSR Initiative. We are collaborating with the government in the fight against Covid so that the people of the country can be free of this epidemic; to date, we have distributed over 386 small and large defrizzers. This defrizzer is outfitted with cutting-edge technology. The vaccine can be easily contained and protected. These defrizzers are custom-made to meet the government's specifications. They are not normally available on the market." Prime Minister Narendra Modi launched the Corona Vaccination Campaign via a virtual address, launching the world's largest vaccination drive to date. PM Modi said that scientists worked tirelessly to develop the corona vaccine.

Amrita Vishwa Vidyapeetham’s Women-Only Cybersecurity Conference ShaktiCon to begin April 9, 2021


 

  • In the run-up to the event, a 36-hour, women-only Capture the Flag (CTF) contest would be held from April 3-5, 2021
  • The focus of the Conference is fixing the gender gap in cybersecurity and showcase the next generation of offensive and defensive security technologies

Mumbai, March 31, 2021: More than 3,000 women hackers from India and around the world are expected to attend Amrita Vishwa Vidyapeetham’s three-day global conference on cybersecurity called ShaktiCon that begins on April 9, 2021. In the run-up to the event, a 36-hour, women-only Capture the Flag (CTF) contest would be held from April 3-5, 2021, in which contestants will face challenges from the fields of cryptography, reversing, forensics, Pwn and web exploitation.

ShaktiCon is a completely free global conference focused on inspiring, training, and upskilling women in the field of cybersecurity. It offers training programmes to nurture women talent in the field, a global cyber-security conference with talks and panel discussions by leading women professionals in cyber-security, and a women-only CTF hacking contest to showcase talent and win prizes and scholarships. The event is organized by Team Shakti, India's first and top-ranked women-only CTF team of Amrita Vishwa Vidyapeetham.

The pre-conference global cybersecurity contest held in December 2020 attracted more than 1,500 women hackers with 828 teams from five continents. The participants, which have now grown to more than 3,000 women, received free access to premium learning platforms such as TryHackMe and PentesterLabs, practice challenges and training videos. They will be attending the upcoming ShaktiCon conference and participating in the CTF hacking contest.

Said Prof. Vipin Pavithran, Assistant Professor, Amrita Center for Cybersecurity Systems & Networks, Amrita Vishwa Vidyapeetham, who is the organizer of ShaktiCon: “Cybersecurity is considered a masculine domain and most women don’t see it as a viable career path. The cybersecurity industry needs more women, and alsohas to open up for them. Demand is outstripping supply in this field. In the next five years, the number of jobs in cybersecurity will triple. Over 3.5 million new cybersecurity jobs would be created in 2021 alone. Despite this, women comprise only 20% of the total workforce in cybersecurity, and only 1% of them are in top leadership positions. The future of the cybersecurity industry depends on its ability to attract, retain and promote women, who represent a skilled and under-tapped resource.”

He added: “The focus of our annual conference ShaktiCon is advancing the leadership and professional development of women in the field of cybersecurity and showcase the next generation of offensive and defensive security technologies. ShaktiCon offers a platform for female researchers and hackers from around the world to close the skills gap with men and help fix the gender gap in cybersecurity.”

The keynote address at the ShaktiCon would be delivered by Rinki Sethi, VP and Chief Information Security Officer at Twitter Inc., followed by talks and training by eminent women cybersecurity experts such as Sung Lee from VMware, Sanju Misra from Linde, Mina Sheikhalishahi from Eindhoven University of Technology, Allison Marie Naaktgeboren from Portland State University, Bhavna Soman from Microsoft and SreepriyaChalakkal from Siemens 

Team Shakti is India's first and only women CTF team consisting of budding young female minds who want to make a difference in the field of cyber-security and fix the gender gap. The team participates in “Capture The Flag” competitions and provides training to school and university students, conducts CTFs, develops cybersecurity tools and participates in bug bounties. “Team Shakti has become one of the leading women-only CTF teams in India within just two years” said Prof. Vipin Pavithran, the founder and mentor of Team Shakti. The Club, based at the varsity’s Amritapuri campus, is run by the students themselves with the help of research scholars, alumni, and faculty members.

For more details visit- https://shakticon.com

About Amrita Vishwa Vidyapeetham

Amrita Vishwa Vidyapeetham is a multi-campus, multidisciplinary Institution of Eminence accredited by NAAC and ranked the 4th Best Overall University in India in the 2020 National Institution Ranking Framework (NIRF). The university is currently spread across six campuses in three states of India—Kerala, Tamil Nadu, and Karnataka—with the institution’s headquarters at Coimbatore, Tamil Nadu. Amrita partners with academic, industry, and governmental institutions across the world to accomplish human-centered, translational, and groundbreaking research. To date, Amrita has more than 500 collaborations from more than 200 signed Memorandums of Understanding (MoUs). Some of Amrita’s partners include Harvard University, Columbia University, King’s College London, KTH - Royal Institute of Technology, VU Amsterdam, the British Geological Society, University of Oxford, Italian National Research Council, Deakin University and the University of Tokyo. Sri Mata Amritanandamayi Devi (Amma) is the founder and Chancellor of Amrita Vishwa Vidyapeetham. A world-renowned humanitarian leader, Amma is the guiding light of Amrita. Amma’s words, thoughts, and vision for education and research have shaped the university’s mission and vision.

Huawei releases its 2020 Annual Report

Huawei reaffirms commitment to creating greater value for customers and society in the face of adversity

[Shenzhen, China, March 31, 2021] Huawei released its 2020 Annual Report today. Growth slowed, but the company's business performance was largely in line with forecast. Huawei's sales revenue in 2020 rounded off at CNY891.4 billion, up 3.8% year-on-year, and its net profit reached CNY64.6 billion, up 3.2% year-on-year.

Despite operational difficulties brought about by US sanctions in 2019 and 2020, Huawei has continued to invite KPMG to independently and objectively audit our financial statements. The document produced by KPMG is a standard unmodified audit opinion. No matter the circumstances, we will continue to embrace transparency by disclosing operational data to governments, customers, suppliers, employees, and partners.

In 2020, Huawei's carrier business continued to ensure the stable operations of more than 1,500 networks across more than 170 countries and regions, which helped support telework, online learning, and online shopping throughout COVID-19 lockdowns. Working together with carriers around the world, the company helped provide a superior connected experience and moved forward with more than 3,000 5G innovation projects in over 20 industries like coal mining, steel production, ports, and manufacturing.

Over the past year, Huawei's enterprise business stepped up efforts to develop innovative scenario-based solutions for different industries and create a digital ecosystem that thrives on joint creation and shared success. During the pandemic, Huawei provided technical expertise and solutions that were vital in the fight against the virus. One example is an AI-assisted diagnostic solution based on HUAWEI CLOUD that helped hospitals the world over reduce the burden on their medical infrastructure. Huawei also worked with partners to launch cloud-based online learning platforms for more than 50 million primary and secondary school students.

With the rollout of HarmonyOS and the Huawei Mobile Services (HMS) ecosystem, Huawei's consumer business moved forward with its Seamless AI Life strategy ("1 + 8 + N") to provide consumers with an intelligent experience across all devices and scenarios, focusing on smart office, fitness & health, smart home, easy travel, and entertainment.

"Over the past year we've held strong in the face of adversity," said Ken Hu, Huawei's Rotating Chairman. "We've kept innovating to create value for our customers, to help fight the pandemic, and to support both economic recovery and social progress around the world. We also took this opportunity to further enhance our operations, leading to a performance that was largely in line with forecast.”

Huawei recognizes the importance of creating shared value for society as a whole, and is working together with partners to support broader economic, social, and environmental goals for shared progress and prosperity.

To boost the economic recovery and cultivate the digital ecosystem, Huawei launched the Spark program in Singapore in 2020 to provide technical support, funding, consulting and training for tech startups. The 5G Ecosystem Innovation Center in Thailand, supported by Huawei, has been served as a sandbox for 5G innovations in ASEAN.

To tackle the workforce challenges, Huawei has launched multiple initiatives in APAC, including the Huawei ASEAN Academy, Digital Training Bus, and Seeds for the Future program to provide learning resources and train digital talents. The tech company aims to develop at least 300,000 ICT talents over the next five years in APAC

"We will continue to work closely with our customers and partners to support social progress, economic growth, and sustainable development," said Ken Hu.

All financial statements in the 2020 Annual Report were independently audited by KPMG, an international Big Four accounting firm. To download the 2020 Annual Report, visit https://www.huawei.com/en/annual-report/2020

About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 1,97,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they’re at home, in the office, or on the go. For more information, please visit Huawei online at www.huawei.com or follow us on:

http://www.linkedin.com/company/Huawei

http://www.twitter.com/Huawei

http://www.facebook.com/Huawei

http://www.youtube.com/Huawei