Fortune Ranks Sun Yafang Most Powerful Chinese Businesswoman

November 13, 2013
Editor: Sun Xi
Fortune Ranks Sun Yafang Most Powerful Chinese Businesswoman
The top three most powerful Chinese businesswomen as ranked by Fortune magazine's Chinese edition: (from left to right) Sun Yafang, chairperson of Huawei Technologies, Dong Mingzhu, president of the Gree group and Wei Sun Christianson, CEO and managing director of Morgan Stanley in Asia. [baike.baidu.com]
Sun Yafang, chairperson of Huawei Technologies, was ranked the most powerful businesswoman in China in the Chinese edition of Fortune magazine released on November 12, 2013.

Sun has been chairperson of Huawei, the world's second-largest supplier of mobile telecommunications infrastructure equipment, for 14 years. She was ranked most powerful Chinese businesswoman in 2011 and ranked 91st on the World's Most Powerful Women List by Forbes in 2012.

Sun earned her bachelor's degree at the University of Electronic Science and Technology of China. In 1982, she started working as a technician at Xin Fei TV Manufactory. In 1985, she became an engineer at the Beijing Research Institution of Communication Technology and began her career with Huawei in 1989, becoming chairperson of the corporation in 1999.

Second on the list of the Top 25 Most Powerful Chinese Businesswomen 2013 was President of the Gree group, Dong Mingzhu, and the third was Wei Sun Christianson, CEO and managing director of Morgan Stanley in Asia.

This year, Fortune magazine ranked Huawei at No. 315 on its annual list of the 500 largest corporations in the world. The corporation leapfrogged 36 positions from its rank of No. 351 in 2012.

With 150,000 employees and operating in over 140 countries, Huawei reported US$ 35 billion in revenue for 2012, according to its KPMG-audited annual report. Huawei also reported $2.5 billion in profit, up from $1.9 billion in 2011.

This year, Huawei reported its unaudited revenue rose 10.8 percent to 113.8 billion yuan (US$ 18.5 billion) in the first half of the year.

Founded in 1988, the company's telecom infrastructure business has more than 500 telecom operator customers globally, including 45 of the world's 50 large operators. Huawei Device — the business unit for smartphones, tablets and wireless devices — is ranked in the top six among smartphone providers. Huawei Enterprise, which provides cloud, networking and communications solutions to businesses, is one of the company's fastest growing business units.

The Fortune list selects women leaders in business who have made significant impact on their company, field and also globally.

In 2010 the worldwide list included seven Chinese women. In 2011, Fortune published its first Chinese list and its worldwide list of the 50 Most Powerful Women in Business for that year included ten Chinese women.

(Source: news.sina.com.cn/Translated and edited by womenofchina.cn)

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