Huawei

The Shenzhen-based telecommunications giant built the world’s highest 5G tower so China’s three major mobile carriers could livestream Mount Everest’s splendid view.

The initiative marks a major step forward to achieve mainstream adoption of blockchain technology across China’s industries.

Huawei’s Ren Zhengfei and Tencent’s Pony Ma took the second and third positions, respectively.

The Chinese smartphone giant lost between USD 60-70 million on the foldable Huawei Mate X.

The product is part of the company’s ambitious push into IoT amid flagging phone sales.

A position previously held by the United States since 1978.

But the sting could still be felt.

Huawei’s consumer business lost at least USD 10 billion in the oversea market last year as a result of US sanctions.