Huawei outshines rivals in telecom equipment mart

Chinese technology firm Huawei Technologies is set to become the second largest telecom equipment provider in the world in terms of revenue by the end of the year, cashing in on its strong order wins both at home and abroad.

The company may, however, find the going tough in the long run as it has to encounter tapering demand and stiff competition from its rivals, warn experts.

Unlike most of the other Chinese firms, Huawei earns nearly 70 percent of its revenue from the overseas markets, while the domestic market accounts for the balance. That in turn, has also made the privately-held Huawei one of the most successful Chinese firms overseas.