Huawei has ranked 49th on the Fortune Global 500 list in 2020. This is the first time that the telecommunications giant breaks into the top 50, continuing a multi-year track record of acceleration.

“Huawei’s net profit rose 5.6% in 2019, and revenue grew a further 13.1% year-on-year in the first half of 2020, despite the company’s persistent geopolitical entanglements,” said the Fortune report. 

Earlier this year, Huawei has ranked No. 6 in Boston Consulting Group’s list of the 50 Most Innovative Companies in 2020, moved up by 42 places than last year, which was the highest-ranking for the tech giant since it first made the list in 2012.

The Fortune 500 list ranks companies according to their revenue and profit, focusing on the size of the companies compared with other lists. The Fortune 500 rankings have become an important indicator that renowned companies use to measure their own strengths, size, and international competitiveness, a parameter of the global economy that transcends beyond borders, nationality, and cultural differences.

In the global fight against Covid-19, HUAWEI doubled down innovation efforts and launched the Anti-COVID-19 Partner Program focused on enhancing AI, remote office, smart healthcare, and online education.

“The complex external environment makes open collaboration and trust in global value chains more important than ever. Huawei has promised to continue fulfilling its obligations to customers and suppliers, and to survive, forge ahead, and contribute to the global digital economy and technological development,” said Huawei when announcing its 2020 H1 business results in July.

In the top five global companies as ranked by Forbes, three are Chinese, one from the US while one is Anglo-Dutch. Retail major Walmart from the US tops the 2020 list followed by three Chinese companies: China state-owned petroleum and chemical giant Sinopec Group, China’s state-owned power company State Grid, and China National Petroleum Corp (CNPC). The Anglo-Dutch oil and gas multinational Royal Dutch Shell was fifth on the Fortune magazine’s 2020 list.

Huawei in Nepal

Huawei Nepal has been serving for 21 years in Nepal ICT industry. Since 1999, Huawei brought 2/3/4G Technologies and Solution to Nepal, helped telecom operators to quickly deploy the communication network, including in the remote area, enhancing the quality of telecommunication service, building the physical foundation of “Digital Nepal”. More than 28 million population of Nepal are benefiting from Huawei`s solution. In local contribution, Huawei created 10,000+ jobs directly and indirectly from the past 21 years in Nepal. In 2015.

Huawei helped Nepal Government and telecom operators to quickly recover the network after the earthquake, made a great contribution to the disaster rescue by making telecommunication smoothly. Huawei also helped the telecom operators to build the wireless base station site in Everest Base Camp, which help to connect the communication blind spot to the outside world completely. In the future, Huawei will continue to dedicate to Nepal, to bring more technology like 5G, cloud and AI to build a better Digital Nepal. 

 

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At Huawei Virtual launch conference, Huawei officially launches Huawei Mobile Services (HMS) Core 4.0 to the global developers and urged the developer to bring new apps on the Huawei AppGallery.

Huawei Consumer Business Head, Richard Yu announced the new HMS Core and said it will make a new way for Huawei to brings its own app ecosystem to global consumers alternative to the existing ecosystems.

“Moving forward, we will continue expanding our app ecosystem in the HUAWEI AppGallery with hopes to not only create a secure and reliable platform but also to provide consumers with more choice. The continued success of this thriving ecosystem will remain one of our highest priorities.” Said, Richard.

Since Huawei cannot use Google Mobile Services, the company has announced that HMS will lead the way solely for its smartphone app ecosystem to replace requirements for Google Mobile Services.

Huawei Mobile Services Core 4.0

HMS Core is a collection of tools made for Huawei’s partners and app developers to create unique, new experiences that tap into the full hardware and software capabilities Huawei devices have on offer.

By integrating HMS into their apps with HMS Core 4.0, developers can quickly deploy Huawei’s on-device capabilities such as HiAI, distributed technology and camera features on their apps and provide quality experiences to end-users.

Read EVERY DETAIL YOU NEED TO KNOW ABOUT HUAWEI MOBILE SERVICES (HMS), APPS HERE.

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Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic.

Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401.3 billion yuan during the same period last year. The company said its profit margin was 9.2%, compared to 8.7% last year.

The telecommunications equipment firm, based in the southern commercial hub of Shenzhen, is facing efforts by the U.S. government to restrict Huawei’s ability to procure technology and components from American suppliers. U.S. officials say Huawei is a security risk. The company denies that.

In May last year, Washington put Huawei on a blacklist that forbids U.S. companies from doing business with it without permission from the government. That has hindered Huawei’s access to components like computer chips and software such as Google’s Android mobile operating system.

In May, officials imposed even tighter rules aimed at limiting Huawei’s access to semiconductors by barring chipmakers that use U.S. technology in chip design from shipping to Huawei without obtaining a license.

The U.S. has also been applying pressure on countries to exclude Huawei from upcoming, ultrafast 5G mobile networks.

Huawei is awaiting a decision this week on whether it will be allowed to supply 5G network equipment in the U.K., six months after officials initially agreed that the company could have a limited role in its networks.

The company is also expecting decisions by Germany later this year.

Meng Wanzhou, the company’s chief financial officer and daughter of Huawei founder Ren Zhengfei, is currently under house arrest in Canada, in an extradition trial that could result in her being sent to the U.S. to face charges that include bank fraud and a violation of trade sanctions.

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