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stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
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stc Group Supports Esports World Cup with Digital Content for Game and Esports Fans

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)
Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia. (SPA)

stc Group has strengthened its leadership in enabling digital transformation in Saudi Arabia by supporting the first edition of the Esports World Cup, where it introduced innovative interactive concepts that added a distinctive character to the tournament, allowing visitors from all over the world to enjoy unprecedented experiences and explore the vast possibilities in the world of games and esports.

stc Group, through stc Play Gaming Hall, has provided many interactive experiences, including stc Play Zone, which includes an advanced virtual reality simulator, and stc Play Streaming Zone, which provides the latest high-definition live streaming devices to enrich the visitors' experience.

It also provided stc TV Zone, a photography pavilion where visitors can document the most beautiful moments in a suspenseful atmosphere.

For those wishing to purchase the latest versions of gaming consoles and accessories, the group has provided an integrated store that contains all their needs through the stc Play Shop.

The various experiences provided by stc Play Gaming Hall also included stc Play Studio, which showcases electronic games developed by Manga Productions of Misk Foundation, and stc Qitaf Zone, which allows gamers to interact with games via virtual reality technology.

Supported by stc's world-class connectivity services, the Esports World Cup is contributing to the growth of the gaming sector in Saudi Arabia, in line with the objectives of Saudi Vision 2030, which is to establish the Kingdom as a leading global destination for electronic games.

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Chinese Tech Giant Huawei Says Profits Fell 28% Last Year

(FILES) A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai on June 26, 2024. (Photo by AFP) / China OUT
(FILES) A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai on June 26, 2024. (Photo by AFP) / China OUT
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Chinese Tech Giant Huawei Says Profits Fell 28% Last Year

(FILES) A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai on June 26, 2024. (Photo by AFP) / China OUT
(FILES) A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai on June 26, 2024. (Photo by AFP) / China OUT

Chinese smartphone maker giant Huawei said Monday that profits fell 28 percent last year as it faced international economic uncertainty and weak consumption at home.

The Shenzhen-based company has been at the center of an intense standoff between China and the United States after Washington warned its equipment could be used for espionage by the Chinese government, an allegation Huawei denies.

Sanctions since 2019 have cut the firm's access to US-made components and technologies, forcing it to diversify its growth strategy.

The company announced Monday that it made a net profit of 62.6 billion yuan ($8.6 billion) last year, down from 87 billion yuan in 2023.

Revenue rose 22 percent on-year -- marking a third successive increase after a sharp drop in 2021 during the pandemic.

Its 862.1 billion yuan in revenue was the highest since the figure surpassed 890 billion yuan in 2020.

The results were "in line with forecast", the company's rotating chairwoman Sabrina Meng said in a statement, according to AFP.

Employees "banded together to tackle a wide range of external challenges", Meng said, adding that the firm was "firmly committed to its quality goals and will keep honing quality as a competitive edge".

US sanctions have since 2019 cut Huawei off from global supply chains for technology and US-made components, a move that initially hammered its production of smartphones.

Last year, the company unveiled its first smartphone equipped with a fully homegrown operating system, a test of its ability to challenge the dominance of Western juggernauts.

It also released the world's first triple-folding phone, launched hours after its US rival Apple lifted the curtain on its newest iPhone.

Apple remains popular among Chinese consumers but has ceded ground to domestic players such as Huawei in recent years.

Huawei remains one of the world's leading equipment manufacturers for 5G, the fifth generation of mobile internet, and has been involved in infrastructure projects in numerous countries.