High performance takes Huawei 11 spots higher on 2019 Fortune 500

13:00 | 20/12/2019
Huawei announced on December 17 in Hanoi that the company has ranked 61st on the Fortune Global 500 list this year, representing an 11-point jump from last year and an impressive 68-point leap from 2017 thanks to its good business results.
high performance takes huawei 11 spots higher on 2019 fortune 500

The impressive jumps are attributed to the better business performance of Huawei. In the first three quarters of this year, Huawei achieved a growth rate of 24.4 per cent and a turnover of about $85.675 billion. The company has signed more than 60 5G commercial contracts with the world's leading carriers and shipped more than 400,000 5G base stations around the world, maintaining the No.1 5G market share.

5G will bring mobile to a new level," said Michael MacDonald, chief digital officer of Huawei Southeast Asia. “Studies show that by 2025, the number of people using 5G technology will reach 1.57 billion, and 5G will contribute $289 billion to the global GDP by 2025.”

high performance takes huawei 11 spots higher on 2019 fortune 500
Michael MacDonald, chief digital officer of Huawei Southeast Asia

By the end of September, more than 700 cities, 228 of the top 500 global businesses (Fortune Global 500), and 58 companies on the Fortune Global 100 list have selected Huawei as their digital transformation partner. Huawei is also involved in the implementation of more than 160 smart city and more than 700 safe city projects worldwide.

In just the first nine months, Huawei sold more than 185 million smartphone products, achieving a 26 per cent growth. The Huawei Mate 30pro flagship product line sold seven million units worldwide. Huawei Watch GT2 smartwatch sold one million units within 45 days.

In August 2019, Huawei announced the construction of its own mobile service system – Huawei Mobile Service – and invested $1 billion for the community to build and develop the Huawei App Gallery. To date, Huawei Mobile has more than 570 million users in more than 170 markets worldwide. Huawei Ecosystem products are available in Vietnam.

“Huawei's strong and solid development in 2019 once again affirms the support and companionship of our customers and partners around the world, as well as in the Vietnamese market,” said Ma Yunhui, vice CEO of Huawei Vietnam. “At Huawei, we will continue to work with companies around the world to build a strong ecosystem and share its benefits. With a firm commitment to globalisation, we will remain open and collaborate for shared success. I have no doubt that we will achieve what we have set out to do: to bring digital to every person, home, and organisation for a fully connected, intelligent world.”

Huawei is a leading global provider of ICT infrastructure and smart devices, with integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services. The company had more than 188,000 employees by the end of 2018, and had operations in more than 170 countries and regions.

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By Tung Anh

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