Can you briefly introduce the development of Huawei?

The development of Huawei can be divided into three stages.

The first stage is from 1987 to 1994. In its early days, Huawei faced many challenges, such as financial constraints and technical barriers. Mr. Ren and his team broke the monopoly of foreign enterprises with the spirit of persistent pursuit of technology and dare to break through, and gradually emerged in the communication equipment market. During this period, Huawei mainly adopted the following strategies in product development strategy, first acting as an agent for products of Hong Kong companies, and then gradually evolving into a centralized strategy for independent product development. In the market competition strategy, we adopt the sales strategy of continuously developing and producing a single product and encircling the city from the countryside, and seize the market quickly, expand the market share and expand the company scale through low-cost methods.

The second stage is to enter 2 1 century. With its leading technology and excellent product quality, Huawei has gradually become a global leader in communication equipment. During the global financial crisis in 2008, Huawei surpassed foreign competitors in one fell swoop and established a leading position in the world.

In the third stage, Huawei began to invest heavily in developing its own chips to get rid of its dependence on foreign chip suppliers. In 20 18, Huawei launched its own Kirin chip, which was well received by the industry and consumers.