Huawei phone

Meet the Chinese billionaire behind the popular Huawei phone – nairametrics

The Huawei brand of phones is a leader when it comes to phones running Android and has provided a competent alternative for smartphone users who want something different from Apple and iOS. Huawei phones fall into the high end Android category with some of the best features available in the market.

Today we’re going to take a look at the man who founded and runs Huawei. He comes from a humble start, held various interesting jobs before settling down to start Huawei.

READ: Chinese Billionaire Wang Xing Loses His Company $ 16 Billion By Publishing Poem

Meet Ren Zhengfei who started Huawei with $ 3,000 seed capital

Global smartphone brand Huawei was founded in 1987 with a paltry sum of $ 3,000. The company was started by a young man from a rural family whose two parents were teachers. In 1963, he studied at the Chongqing Institute of Civil Engineering and Architecture. After graduation he worked in a civil engineering company and then in the oil industry before resigning to start his own business.

Huawei Founder

Ren Zhengfei founded Huawei Technologies with seed capital of $ 3,000 in 1987 after resigning from his position as logistics manager in the oil industry. His first business was a total failure, a small state enterprise with 20 employees; but Ren never stopped trying.

His second attempt proved successful when he assembled a group of investors and invested in Huawei technologies in Shenzhen, China.

READ: Yang Huiyan: China’s richest woman who made $ 2 billion in 4 days

They started by selling telephone switching equipment bought in Hong Kong before growing into a full-fledged tech company. Today, the smartphone hub has grown into a conglomerate, doing business in more than 170 countries and employing a gigantic 180,000 employees.

Huawei and the 5G network controversy

At the start of last year, Huawei was caught in the midst of a trade controversy with the UK government. The UK government saw it as a security risk due to its high-speed 5G technology and banned it.

Reading the official government press release on the matter, the UK government represented by its digital secretary Oliver Dowden said: “By the time of the next election, we will have established in law an irreversible path for the complete removal of Huawei equipment from our 5G networks. “

The UK government has claimed the decision to do so was advised by the National Security Council (NSC) chaired by the Prime Minister.

READ: Meet the bottled water billionaire who dethroned Jack Ma to become China’s richest man

Ren Zhengfei’s net worth

Zhengfei is currently worth $ 1.4 billion, according to Forbes. Huawei Group revenue grew 3.8 percent year-on-year to $ 136.7 billion, according to SCMP.

Android software now has 2.5 billion active users worldwide, according to The Verge, and Huawei is in charge of the Android family.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *