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Revolutionary ideas are changing the way we live (of living) our lives. Humans have surpassed their genius and brought innovations which are making this world a better place. As they say, there’s no age limit for you to take charge of your life and invent something that would bring a revolution in the world. While most of today’s innovative start-ups are coming from youngsters the story of Huawei is something entirely different. The Chinese tech giant came into existence when its founder was in his forties. His determination led him to start a company which now is valued over $140 billion.

Early Life

Born on October 25th, 1944 in Anshun, China, Ren Zhengfei to a school president father and schoolteacher mother. His father worked as an accounting clerk in a government arms factory. Ren completed his secondary school and went on to attend Chongqing University in 1960. From there, he joined People’s Liberation Army research institute, to work as a military technologist in the IT unit. Due to his innovations and achievements, he was recognized at various levels and was selected to attend the National Science Conference in 1978 as a PLA delegate.

He retired from the army in 1983 after nine years when the Chinese government discontinued the whole engineering unit. After retiring, Ren went on to work with Shenzhen South Sea Oil Corporation. But soon left the job in 1987 as it was not as satisfactory work as per his talent. By the time he left Shenzhen, he had capital of about sh10 million.

The Beginning of Huawei

Ren founded Huawei Technologies Co. Ltd the same year as he left Shenzhen. With the initial investment of 21,000 yuan (about $5000) Huawei’s first business was to sell telephone exchange equipment from Hong Kong. He took the position of Chief Executive Officer and lead the company to make it the world’s third top smartphone selling brand after Apple and Samsung.

Huawei focuses on manufacturing different components required for the electronic gadgets. Almost every electronic gadget is made with components made by Huawei. Apart from smartphones and small components, Huawei dominates the market in producing the highest mobile devices like routers, broadband, and 4G network devices. Huawei became the first firm to roll out 5G network across the world.

Ownership

Unlike other big firms, Huawei’s ownership is held by its 85,000 employees. All the employees hold a percentage of the company’s share. That leaves only 1.4% share stake with Ren Zhengfei valued at $450 million, as of 2010. Ren still remains the founder of Huawei and is respected by the employees.

Joe Kelly, Huawei’s VP for international media relations, says, “Zhengfei relinquished ownership of the firm to employees to guarantee its continuity and attract talent.” The company’s campus at Shenzhen in Guangdong province is surrounded with trees and makes a beautiful sight for the workers.

Unique Working Style

Huawei is probably the only company to follow a unique leadership style. Most of the decisions are made by the engineers in the company. Company’s day to day activities are run by three different executives, each one of them retains the position of CEO every six months on a rotational basis. Ren introduced this strategy which was inspired by the migration of the birds. Kelly further added, “Birds migrate in a ‘V’ formation, and engineering shows that the bird at the apex takes the heaviest burden.”
ally, this rotation system helps the company from facing bad politics. Often workers in a corporation tend to follow a certain person, which might create an imbalance among the company’s workforce. But, the rotation system gives equal chance to each one of the leaders to show their talent and take the company forward.

Investment in Research

Huawei is an active investor in innovative research projects and invests 10% of its annual revenue into R&D. The research department holds over 10,000 patents and keeps innovating each year than the previous one.

Ren is an active supporter of Communist Party of China. The company is growing rapidly and Forbes has estimated Zhengfei’s wealth at $2.1 billion. Although he is a billionaire, Zhengfei prefers a low profile lifestyle and even travels on the public transport. He lives with his daughter Cathy Meng who is also the CFO of Huawei.