In 2018, Huawei ranked 72nd among the world's top 500 companies. Thirty years ago, a small private company became a Fortune 500 company. There are many factors for success, but the key is: long-term focus on R & D spending. Huawei attaches great importance to technological innovation and research, and insists on investing more than 10% of its annual income. In recent years, it has invested about 15% in research and development. In 2018, Huawei invested more than 100 billion yuan in research and development, ranking fifth in the world in the "EU Industrial R & D Investment Ranking 2018". Over the past decade, Huawei has invested more than 480 billion yuan (US $ 73 billion) in research and development, as shown in Figure 3-3. Research and development is not a sprint, but a marathon. You must continue to run on the track. In the next few years, Huawei's annual R & D expenditure will gradually increase to 1.5-20 billion US dollars. Therefore, the number of patent applications and licenses of Huawei is increasing every year
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