Fast Company has ranked Huawei the fifth most innovative company in the world for 2010, behind only Facebook, Amazon, Apple, and Google. Huawei was the only new-entrant to the list of the top five most innovative companies.
Fast Company credited Huawei’s strong business growth in 2009 to its leadership in customer-centric innovation. In an article in the March 2010 issue, Fast Company said of Huawei: "Huawei Technologies shot past Alcatel-Lucent and Nokia Siemens in 2009 to become the world's No. 2 telecom-equipment provider, powered by quality and product upgrades… in the past year.”
Commenting on this, Max Yang, CEO, Huawei India, said: “One of Huawei's key differentiators is our customer-centric innovation strategy that is focused on understanding operator needs and rapidly delivering customized network solutions to create maximum value."