This year, Huawei has been ranked 49th in the list of Fortune Global 500 companies. The company, one of the top companies in the telecommunications sector, has entered the top 50 of the list for the first time. The organization has maintained its trend of progress in the past years as well.
"Despite geopolitical advantages, Huawei's net profit rose 5.6 percent last year and its revenue rose 13.1 percent year-on-year in the first half of this year," the Fortune report said.
According to a press release issued by the media, Fortune publishes this ranking of 500 companies every year depending on the revenue and profit of different companies. It also takes into account the comparative size of the institutions.
This ranking of Fortune 500 is considered an important indicator for reputed companies in terms of their position, size, and capability in the international competitive market. In addition, this ranking is working as a measure of the global economy, coming out of nationality, borders, and cultural divisions.
Earlier, Boston Consulting Group (BCG) released a list of the top 50 innovative companies this year. Huawei moved up 42 places to number six on the list. This is the highest success for Huawei, which was first included in the list in 2012.
Huawei has stepped up its innovative efforts to combat the Covid-19 global epidemic, and as part of this, the company has launched the Anti-COVID-19 Partner Program, which includes AI, Remote Office, Smart Healthcare and online education.
Huawei is committed to meeting the needs of customers and suppliers. At the same time, Huawei is committed to contributing to the global digital economy and technological advancement by surviving adverse conditions.