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