Huawei’s chief executive Ren Zhengfei stated during an event that Huawei invests approximately $3 to $5 billion annually in fundamental theoretical research to strengthen its technological development, according to a Sept. 20 report by Securities Times. Ren emphasized that the world is entering the fourth industrial revolution, with computing power serving as the foundation for this technological transformation. When asked about his perspective on Huawei’s competitor Apple, Ren mentioned that his daughter uses Apple’s iPhone for its convenience while studying in the United States. Huawei continually explores the reasons behind the widespread popularity of Apple’s products and acknowledges the gap between Huawei and Apple, he added. Ren said that Apple’s presence provides an opportunity for Huawei to learn from and compare itself to, which he views as a good thing. [Securities Times, in Chinese]