Tag: Fortune Global 500

Huawei ascends Fortune Global 500 as COVID-19 Lockdowns boost 5G and IoT adoption
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Huawei ascends Fortune Global 500 as COVID-19 Lockdowns boost 5G and IoT adoption

The Tech Giant’s, Huawei, ranking in the global top 500 enterprises has moved up to 44th this year from previously being 49th last year. The privately employee-owned firm entered the list for the first time back in 2010 with a ranking of 397th, and by 2020, it leapt from 72nd to 49th place making their way into the top 50 for the first time. “The Fortune Global 500 annual ranking measures the business revenue of the top businesses across industries” sources explain. “The companies generated revenues totalling more than one-third of the world’s GDP and employ 69.7 million people worldwide, however, their total revenue shrank over the past year.” Clearly Britain removing Huawei tech from their Telecom 5G rollout as noted in Huawei ad blitz to Britain – Fallout will affect Recession...