The Park Place Economist


Huawei Technologies Co., Ltd, a Chinese telecommunication technology company and the second largest telecommunication equipment company in the world by revenue, is about to become the largest and the leader in the newest 5G telecommunications era (Sin 2017). For the past year of 2018, Huawei has been reported widely in the media for the detainment of its CFO Meng Wanzhou, who is being suspected of stealing technology from United States companies and illegally trading devices to Iran. However, Huawei's true story of development remains unheard among the controversies and conspiracy theories around Meng's detainment. This article will not expand on those controversies but will use this opportunity to unveil Huawei's incredible path of growth, from being a marginal player to becoming one of today's frontier companies in the telecommunications industry, as well as how Huawei will impact the industry's future with its 5G technology.