Huawei has ranked 49th in 2020 Fortune Global 500 list, the company said.

It is a jump of 12 in ranking. The Chinese tech giant ranked 61st on last year’s list. 

The company entered the top hundred for the time in 2017 with a ranking of 83rd place. It was ranked 72th in 2018.

Huawei posted US$124.3 billion in sales in 2019, an increase of 14% from the previous year, the company said.
 

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