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Huawei bucks sanctions to climb Fortune 500 list

Jul 24. 2019
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By The Nation

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Chinese telecom giant Huawei Technologies has climbed 11 places to No 61 on this year’s Fortune Global 500 list.

Huawei’s highest-ever ranking on the list, which evaluates the world’s largest companies in terms of revenue and profit, comes thanks to revenue of US$109 billion.

The ranking indicates the company’s continuous growth in the world market and its increasing brand influence, despite being hit by US and European trade sanctions over security concerns surrounding the telecom firm.

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