South China Morning Post – How Huawei went from small-time trader in Shenzhen to world’s biggest telecoms equipment supplier
“Huawei was like a start-up company, it did not have the burden of having a legacy business, and it grew in strength by recruiting many good engineers. They were inspired by how Ericsson and Nokia functioned,” said Bengt Nordstrom, chief executive of Stockholm-based consulting firm Northstream and a former Ericsson executive. “I think it’s fair to say that Huawei’s competitors underestimated them maybe up until 2010. But not any longer.”
