Introduction

In 1987, Ren founded Huawei Technologies Co. Ltd with 21,000 yuan, around US$5,000 at the time. Initially Huawei mostly sold telephone exchange equipment from Hong Kong. Richard McGregor, author of The Party: The Secret World of China's Communist Rulers, claimed that the company has received state support at crucial points in its development.

The founder of Huawei

Ren was born in Zhenning County, Guizhou, China. His grandfather was from Jiangsu province and was a master chef who was an expert in curing ham in neighbouring Zhejiang province. His father, Ren Moxun failed to complete university studies when his[clarification needed] grandfather died a year prior to his graduation.

During the Japanese occupation, his father migrated south to Guangzhou to work in a Kuomintang government arms factory as an accounts clerk. After 1949, his father was appointed as the president of No. 1 Middle School of Duyun (Chinese) where he met Ren Zhengfei’s mother; the elder Ren became a member of the Communist Party in 1958. His mother was a senior teacher at the No. 1 Middle School of Duyun.

He was excluded from joining the Communist Party of China for most of his career in the military, due to his parents’ social background and their ties to the Kuomintang. During this time, Ren was responsible for a number of technology achievements that were recognized at various levels. For this reason, Ren was selected as a delegate from PLA to attend the National Science Conference in 1978. In 1982, Ren retired from the army due to a large PLA workforce reduction which impacted 500,000 active duty personnel. In 1983, after becoming a civilian, Ren moved to Shenzhen and worked in the electronics business.

Policies of Huawei

Huawei has deployed its products and services in more than 170 countries, and as of 2011 it served 45 of the 50 largest telecom operators.[need quotation to verify] Its networks, numbering over 1,500, reaches one third of the world’s population. Huawei overtook Ericsson in 2012 as the largest telecommunications-equipment manufacturer in the world, and overtook Apple in 2018 as the second-largest manufacturer of smartphones in the world, behind Samsung Electronics. It ranks 72nd on the Fortune Global 500 list. In December 2018, Huawei reported that its annual revenue had risen to US$108.5 billion in 2018 (a 21% increase over 2017), surpassing $100 billion for the first time in company history.

Huawei feature-

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