TECH

Meet the Chinese billionaire who founded Huawei

Huawei

When it comes to Android phones, Huawei is the market leader, and it has provided a competent alternative for smartphone users looking for something other than Apple and iOS. Huawei phones are high-end Android devices with some of the most advanced features on the market.

Today, we’ll take a look at the man who created Huawei and is now in charge of the company. He came from a humble background and worked in a variety of exciting companies before deciding to found Huawei.

Huawei, a global smartphone company, was launched in 1987 with a meager $3,000 investment. The business was founded by a young guy from a rural household whose parents were both teachers.

He graduated from the Chongqing Institute of Civil Engineering and Architecture in 1963. Following college, he worked for a civil engineering firm and subsequently in the oil industry before resigning to start his own firm.

READ ALSO: Tesla plans to establish a data center in China.

After resigning from his position as a logistics manager in the oil business, Ren Zhengfei created Huawei Technologies with a seed capital of $3,000 in 1987. Ren’s first business, a modest state-owned company with 20 employees, was a complete failure, yet he never gave up.

When he put together a group of investors and invested in Huawei technology in Shenzhen, China, his second attempt was successful.

They began by selling Hong Kong-sourced telephone switch equipment before expanding into a full-fledged tech firm. Today, the smartphone hub has grown into a conglomerate with operations in over 170 countries and a workforce of over 180,000 people.

Huawei was embroiled in a business dispute with the British authorities early last year. Because of its high-speed 5G technology, the UK government deemed it a security danger and banned it.

Reading from the government’s official press release on the issue, the UK government represented by its Digital Secretary, Oliver Dowden, stated, “By the time of the next election, we will have implemented in law, an irreversible path for the complete removal of Huawei equipment from our 5G networks.”

The National Security Council (NSC), chaired by the Prime Minister, advised the UK government on this decision, according to the UK government.

Zhengfei is currently worth $1.4 billion, according to Forbes. Huawei Group’s revenue rose 3.8% year-on-year to US$136.7 billion, according to SCMP.

The Android software has a total of 2.5 billion active users in the world today, according to The Verge, and Huawei is in the driver’s seat of the android family.

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