HUAWEI ranked 83 in top 100 of the lat­est For­tune 500 list

Kuwait Times - - BUSINESS -

In this year's For­tune 500 that came out in the evening of July 20th, HUAWEI climbed up the list to the 83rd place from the 129th of last year with a rev­enue of $78.51 bil­lion, mak­ing the top global 100 for the first time.

The For­tune 500 list has al­ways been the most pres­ti­gious and ac­knowl­edged list that ranks large com­pa­nies all over the world, known as the "ul­ti­mate list", re­leased ev­ery year by the For­tune mag­a­zine. The For­tune 500 list ranks the com­pa­nies ac­cord­ing to their rev­enue and profit, fo­cus­ing more 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 global econ­omy that tran­scends be­yond borders, na­tion­al­ity and cul­tural dif­fer­ences.

HUAWEI's brand value, on the other hand, is also rec­og­nized by mul­ti­ple au­thor­i­ta­tive agen­cies and se­lected for sev­eral pres­ti­gious brand value lists of the world. For ex­am­ple, HUAWEI was the only Chi­nese com­pany mak­ing the World's Most Valu­able Brand List re­leased by Forbes in 2017; ranked the 49th in the 2017 BrandZ Top 100 Most Valu­able Global Brands list; and climbed 7 places com­pared with last year to No. 40 on the Brand Fi­nance 2017 Global 500 list of the top most valu­able brands in the world.

As one of HUAWEI's three busi­ness groups, HUAWEI's Con­sumer Busi­ness Group is com­mit­ted to be­com­ing a sig­na­ture cul­ture and tech­nol­ogy brand pop­u­lar among con­sumers world­wide. Ac­cord­ing to mar­ket re­search statis­tics from wide-ac­knowl­edged agen­cies such as IDC, SA and Trend­force, HUAWEI ranked the third in terms of mar­ket share in the global smart­phone mar­ket in Q1 2017, and Num­ber 1 in China. Its flag­ship P se­ries and Mate se­ries have won the heart of many con­sumers, build­ing a solid foun­da­tion for HUAWEI to in­crease its im­pact in the medium to high end of the mar­ket.

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