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.