Success Story of Hoaweve Company Founder Ren Zhengfai- Huvaway is the only company that has been the most discussed. The United States has listed the Chinese company Huawea as blacklist. He is not using its equipment for its 5G network. Despite all this, Huawei remains the world’s largest company making telecom equipment. Along with this, Samsung is the world’s second largest company in terms of making smartphones.
Ren Zhengfei’s father was a clerk in the KMT government’s arms factory. For this reason, when he later made the People’s Liberation Army song, he was never given a military rank. He used to work in the Chinese Research Center of the Chinese Army.
In 1987 Rain gave the name of Huvaway Technologies with a capital of 21 thousand yuan (about 3.5 lakh rupees)
After completing the work of Telecommunication Infrastructure in China, Huawei started getting contracts for equipment from abroad. Company acquired foreign contracts for the first time in 1997 in Hong Kong. By 2011, the company’s business reached 170 countries worldwide.