Huawei has significant presence all over the world and is constantly expanding. It has 20 R&D institutes in Germany, Sweden, India, Russia , China and America.
Investors and partnerships:
- March 2003 3Com sales of data Networking products
- 2006 Siemens Mobile Communication technology products
- 2006 Motorola UMTS technology
- 2006 Venezula Telecom sales of telecommunication terminals.
- May 2007 Symantec storage solutions for telecommunication carriers
- 2008 Global Marine systems undersea network equipments and related services
Stockholders and Employees :
The CEO Mr.Ren Zhengfei of Huawei holds a mere 1.42 % share of the company,the rest 98.56% belongs to the employees.In 2009 out of 95,000 employees 65% of those ( 61,457) hold company shares [9].Dividends are payed to employees along with Huawei's incentives. Employees cannot buy the shares but are allocated the shares based on their annual performance.The employees are supposed to return the shares when they leave the company and the shares are bought at the current rates. The shares are distributed by the Shenzhen Huawei Investment and Holdings co Ltd. Huawei Technology Co Ltd is a wholly owned subsidiary of Shenzhen Huawei Investment and Holdings co Ltd
" Huawei employees both own the company they work for and the company that owns Huawei itself ." Juha Saarinen May 28, 2010 itnews
Reference (Literature):
- Patterson, Sally J. and Radtke, Janel M., Strategic Communications for Nonprofit Organizations: Seven Steps to Creating a Successful Plan, Second Edition (Hoboken, NJ: John Wiley & Sons, Inc., 2009), p. 65.
- Patterson, Sally J. and Radtke, Janel M., Strategic Communications for Nonprofit Organizations: Seven Steps to Creating a Successful Plan, Second Edition (Hoboken, NJ: John Wiley & Sons, Inc., 2009), p. 73.
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