Huawei is a world-leading brand with strong R&D capabilities: Fortune Report

Huawei is a world-leading brand with powerful R&D capabilities and an innovative spirit, according to a new Fortune report. The tech giant is putting efforts to regain what it had lost years back, following the U.S. sanctions and trade restrictions.

Fortune Business Insights recently published a new report in 2024 for the top 50 brands in China. This is the first time that the research firm readied a specific Chinese report and marked the leading technology companies in the listing.

Among all brands, Huawei ranked first in the Fortune China Technology 50 report due to its high-end R&D progress. The insights state that Huawei is a world-leading technology company, well-known for its strong R&D capabilities and innovative spirit.

The Chinese tech giant continues to strongly invest in its R&D sector. As per the previous information, Huawei has recently developed an R&D Center in Shanghai worth $1.4 billion. It aims to fulfill chip production needs and more. Read HERE.

Huawei is also constantly focusing on new patents regarding 5G, AI, automobiles, cloud and more. High-end digital solution is another factor that plays a major role in the company’s growth. The company serves its solutions in more than 170 countries.

Further inputs show BYD, CATL, Alibaba, and Tencent under the top 5 rankers. Tech giants like Xiaomi and Lenovo fall in the top 10 categories for better services. Xiaomi is also in demand for its cost-effective smart devices and internet services.

The Fortune Company states:

“It is undeniable that among the world’s most influential technology companies, Chinese brands have demonstrated strong innovation capabilities.”