Huawei Rises to 49 on 2020 Fortune Global 500 Ranking

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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.

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 global rankings for Huawei have become an important indicator to be used to measure their own strengths, size, and international competitiveness, a parameter of the global economy that transcends beyond borders, nationality, and cultural differences.

Earlier this year, Huawei 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.

In the global fight against COVID-19, Huawei doubled down its innovation efforts and launched the Anti-COVID-19 Partner Program that focuses on AI, remote office, smart healthcare, and online education, to support the battle against the pandemic.

“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.

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. 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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