The global ICT solutions provider Huawei was ranked as 13th most innovative company in the world for 2016 by Fast Company, a technology business publication. This is the third time that Huawei wins the honor to be within the top 50 innovative companies.
“To be recognized by Fast Company for our efforts in innovation is truly an honor,” said Ryan Ding, Executive Director and President of Products and Solutions. “At Huawei, we’re committed to building a better-connected world and innovation is one of our core principles. This recognition is a positive affirmation that the innovation we’re trying to provide globally, building better societies and connecting the unconnected is being recognized.”
Peter Jarich, Vice President, Current Analysis gives the credit to the investment in R&D of Huawei. “Huawei’s continuing investments in R&D are a point of pride for the company, and they should be,” he said. “Beyond a growth rate envied by nearly all competitors, the result has been a consistent stream of customer-centric innovations and technology leadership that will only become more important as network evolutions accelerate.”
Huawei has invested over 10% of its revenue to R&D. Huawei cumulatively spent more than CNY190 billion (USD30.7 billion) in R&D over the last decade (2005~2014). 45% of its staffing are also dedicated to R&D.