Overview
ZTE Corp. is a company that focuses on the development of telecommunications equipment and network systems. ZTE has operations in more than 140 countries and serve 59 telecom operators worldwide. ZTE has established itself as one of the best mobile phone manufacturer in the world. ZTE tries to give satisfaction to customers by creating innovative products, a broad scope. So that all levels of society can feel the best service from ZTE.
History
ZTE Corp. founded by Hou Weigui in 1985, and headquartered in Shenzen, China. In 1997, ZTE sold its shares to the public on the Shenzhen Stock Exchange. In 2006, ZTE became a member of the Wi-Fi Alliance. In 2008, ZTE has really penetrated the global market, because it has been able to serve customers in more than 140 countries.
Founder
Hou Weigui was born in China in 1942. Before he founded the ZTE Corp., he has worked as workshop director in one of the subsidiaries of Ministry of Aerospace Industry (MAI).
CEO
ZTE Corp’s highest leader, there is only one name, namely:
Hou Weigui, chairman of ZTE Corp.
Hou has served as Chairman since 1997. Armed with the experience he had, he is able to bring the ZTE Corp. be a leading company in the world. He was known as a charismatic leader, and energetic, even compared to younger employees.
Financial
In 2004, ZTE Corp. gains net profit of $ 151 million. In 2005, their net profit increased to $ 184.5 million. The following year, that amount dropped to $ 137 million. In 2007, they were able to record net income of approximately $ 220 million. The amount is increased next year to $ 291 million. In 2009, ZTE Corp. net profit reached $ 410 million.
