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The company was founded in 1987 by Ren Zhengfei. Huawei has expanded its business to include building telecommunications networks, providing operational and consulting services and equipment to enterprises inside and outside of China, and manufacturing communications devices for the consumer market. Huawei has over 194,000 employees as of December 2019.
Huawei has deployed its products and services in more than 170 countries. Huawei overtook Ericsson in 2012 as the largest telecommunications-equipment manufacturer in the world, and overtook Apple in 2018 as the second-largest manufacturer of smartphones in the world, behind Samsung Electronics. In December 2019, Huawei reported that its annual revenue had risen to US$121.72 billion in 2019.[Source]