Huawei improved ranking in Fortune Global 500 List 2021 despite U.S. restrictions
Fortune 500 Global List for 2021 is now published, which shows that Huawei has made significant progress despite U.S. sanctions.
However, these worldwide companies show an overall decline of $31.7 trillion with a 4.8% decrease over the past five years. The expertises are blaming the global pandemic for the decline, while most of the previous firms aren’t able to make a place in the top 500 this year.
Fortune Global 500 Top 10:
The worldwide e-shopping platform – Walmart is still on top for the eighth consecutive year and recorded $523,964 million revenue this year. While the Chinese electric firm- State Grid rose to the second position and Amazon directly jumps to the third from ninth place with $383,906 and $280,522 million revenue growth.
Furthermore, the China National Petroleum, Sinopec Group, and Apple are in four, fifth and sixth positions respectively. Besides, Royal Dutch Shell, Saudi Aramco, and BP slipped out of the top 10 and making a place for CVS Health on seventh and UnitedHealth Group in the eighth position followed by Toyota Motor in ninth and Volkswagen in tenth place.
- Walmart is titled as the world’s largest company for the eighth consecutive year
- Apple is the most profitable company with a net profit of 57.4 billion USD
- It was the first time when Tesla and Netflix were listed with the 392nd and 484th position respectively
- Amazon, Alphabet, Facebook, JD.com, Alibaba, and Tencent are the event internet company listed this year
- Huawei is on the 44th position in the list
- 19 ICT companies from the US-listed this year
- Chinese firms including SAIC, Tencent, Alibaba show a significant improvement companion to last year
- China-based Xiaomi shows the largest improvement and rose by 84 places
Opple Lighting and Huawei signs cooperation agreement
Recently, China’s Opple Lighting and Huawei Cloud signed a comprehensive cooperation agreement. The two companies will combine Huawei Cloud technologies for cloud computing, smart IoT, AI, and digital transformation practices.
The criteria of this agreement are to carry out comprehensive cooperation in Opple Lighting’s digital transformation, smart stores, digital supply chain, and security construction to achieve complementary advantages.
Opple Lighting has made steady progress in the digital transformation of enterprises and achieved certain results.
In 2021, Opple Lighting will fully launch the transformation of digital intelligence and is committed to promoting the comprehensive digitalization of enterprises through the promotion of three major topics:
- Marketing digitalization
- Supply chain digitalization
- Digital operation
Currently, it has achieved continuous optimization of enterprise operating efficiency, the rapid growth of smart lighting-related business scale, promoted iterative upgrading of technological innovation and empowered high-quality development of enterprises.
Opple Lighting actively promotes the application of smart technologies such as cloud computing, IoT, AI, and AR in the park, and has basically adapted the amortization of fire protection applications and workshop management in the production base.
Among these, South China Park will see digital, intelligent, green, and low-carbon 5G smart park, inherit the smartness of the whole process, comprehensively improve the efficiency of the supply chain, and strive to become the industry benchmark for intelligent manufacturing.
In recent years, the rapid development of artificial intelligence has affected all walks of life.
Intelligent lighting has become the core component of the whole house intelligent system because of its high efficiency and compatibility, multi-scene coverage, automatic dimming, and atmosphere creation, and it has accelerated its integration into home life.
As a leading company in the lighting industry, Opple Lighting invests an average of more than 300 million yuan in research and development each year.
It has always regarded intelligent lighting as an important strategy for enterprise development and has won the National Key Laboratory, National Enterprise Technology Center, National High-tech Enterprise, and Zhongshan City Recognition of digital intelligent demonstration factory.
This cooperation between Huawei and Oppo Lighting is based on the professional capabilities to explore more possibilities for digitalization and intelligence to help enterprises develop in a win-win manner.
It also integrates the practical experience and technology of both parties over the years and fulfills the development mission.
In the future, Opple Lighting will work together with Huawei to create better industry solutions and provide consumers with intelligent, personalized, and high-quality smart home new experiences.
Moreover, Apple Lighting will continue to increase its exploration in the field of intelligence, build an open and interconnected home ecology with more partners in the smart ecosystem, empower the high-quality development of the industry with digital innovation, and continue to create value with light.
New Huawei flagship store with spaceship design revealed
Huawei officially confirmed that a new flagship store Wuhan Dream Times will open soon. This new Huawei flagship store has a unique “spaceship” shape to create a romantic sense of technology.
The flagship store has a very interesting feel of technology. There’s also an audio experience area, which is launched for the first time. This section will allow visitors to enjoy the concerts and songs privately.
The new spaceship shape Huawei flagship store has five major specialties. These include a cafe area with comfort for leisure inside. There’s also a sports section with various equipment and a health-inspiring environment.
The store also brings a one-stop service section, which will help people to resolve issues and get a repair for their devices including smartphones and others.
According to Huawei’s official website, the new Huawei flagship store Wuhan Dream Times Store is located at B101 and B201, Area B, Wushang Dream Times Square, No. 628 Wuluo Road, Wuchang District, Wuhan City, Hubei Province.
Its business hours are Monday to Thursday 10:00-21:30, Friday 10:00-22:00, Saturday 9:30-22:00, and Sunday 9:30-21:30.
During the recent Huawei Spring Flagship New Product Launch Conference, Huawei CBG CEO Yu Chengdong announced that the third largest Huawei flagship store in the country – Huawei Flagship Store Wuhan Dream Times will officially open on March 30.
It is in the middle of the “Wu Shang Meng Era” complex and it has a two-story design. It also displays Huawei’s latest technology and smart products. The store also comprises smart life scenarios such as smart travel, smart office, smart home, audio-visual entertainment, sports, and health.
Huawei decides new board of directors, check details
During a recent Huawei Investment Holdings labor union meeting, the company came to an election for a new board of directors. Also, Huawei CFO, Meng Wanzhou is elected to start her first rotating chairwoman tenure on April 1.
We’ll share all of the new board members and Huawei management as a part of Huawei’s future growth.
Huawei’s new board chairman and board members were elected by voting at the shareholder representative meeting. Subsequently, the company’s board of directors held a meeting and selected the vice chairman and executive director, and confirmed the attendance of the executive director.
Under the process, the Vice-Chairman and the Managing Director choose the Executive Board. Below are some of them
The board members include Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, and more.
Huawei’s board of director consist of vice chairman Xu Zhijun, Hu Houkun, and Meng Wanzhou. These are the only three rotating chairmen of the company and each will serve 4 months’ tenure in a single year. Responsibilities are performed in turn in the following order:
- Meng Wanzhou: April 1, 2023 to September 30, 2023
- Hu Houkun: October 1, 2023 to March 31, 2024
- Xu Zhijun: From April 1, 2024 to September 30, 2024
Here are the members of the new Huawei Board of Directors:
Liang Hua, Xu Zhijun, Hu Houkun, Meng Wanzhou, Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo, He Tingbo, Zheng Liangcai, Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, and Ying Weimin.
Let’s check Chairman, Vice Chairman, Executive Director, Attending Executive Director, and Director.
- Chairman: Liang Hua
- Vice Chairman: Xu Zhijun, Hu Houkun, Meng Wanzhou
- Executive Directors: Wang Tao, Zhang Pingan, Yu Chengdong, Li Jianguo
- Attending executive directors: He Tingbo, Zheng Liangcai
- Directors: Ren Zhengfei, Tao Jingwen, Bloomberg, Zha Jun, Hou Jinlong, Yang Chaobin, Ying Weimin
There are 11 alternate directors elected by the shareholder representative at the meeting: He Gang, Bai Yi, Cao Jibin, Zhou Hong, Bian Honglin, Jin Yuzhi, Lu Yong, Zou Zhilei, Jiang Yafei, Hu Kewen, and Wang Huanan.
Whenever there’s a requirement for a director, these alternate directors will fill in the blanks according to the company’s internal procedures.