Huawei secures 49th position in Fortune Global 500
Bangkok: Huawei has secured 49th position in the list of Fortune Global 500, an annual ranking of the top 500 corporations across the world. It is the first time any telecommunication company has been ranked below 50th position in Fortune 500.
According to Fortune, the net profit of the company was 5.6 percent in 2019. Despite the geopolitical challenges, the growth was 13.1 percent in the first six months of 2020.
The criteria for getting listed in Fortune 500 include revenue and profit. The Fortune 500 rankings have become a significant indicator to measures the strength and competitiveness of any company globally.
Huawei has also initiated an anti Covid-19 partnership program focusing on Artificial Intelligence (AI), smart health care, remote office 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 in July during the announcement of its 2020 H1 business results.
Fortune 500 is an annual list collected and published by Fortune magazine that ranks highest corporations by their revenue in the particular fiscal year.
प्रतिक्रिया