Huawei to invest $2b in security of systems

Huawei Technologies Co is making what is arguably its biggest push to ensure cybersecurity for the rollout of its 5G technology as it eyes double-digit growth in 2019 despite challenges in overseas markets.

Guo Ping, Huawei's rotating chairman, said on Friday that the Shenzhen-based company's performance in the past 30 years has proved that it has the best security record in the telecom industry.

Huawei will spend $2 billion over the next five years on enhancing its software engineering capabilities, making "both the company's coding processes and results secure and trustworthy", he said.