Huawei is a global leader of ICT technology and innovations. Continuously innovating based on customer needs, we are committed to enhancing customer experiences and creating maximum value for telecom carriers, enterprises, and consumers. Our telecom network equipment, IT products and solutions, and smart devices are used in 170 countries and regions. The company's total annual revenue was US$92.5 billion in 2017, an increase of 15.7% over 2016. Huawei ranks 83rd on the Global Fortune 500 list.
We invest over 15% of our annual sales revenue into R&D and more than 45% of our 180,000 employees engage in R&D. In 2017, Huawei's annual investment in research and development reached US$13.8 billion, up 17.4% compared with 2016. Leveraging our experience and expertise in the ICT sector, we help bridge the digital divide and promote high-quality broadband connectivity for all. As an advocate of socioeconomic sustainability, we make every effort to support secure and stable network operations, and help customers and industries improve efficiency to drive low-carbon economic growth. By localizing our operations and building a global value chain, we help local innovators maximize their global value and share win-win outcomes.
In the Netherlands, Huawei employs 600 staff and works together with telecom and ICT companies. Huawei currently has 3 offices in the Netherlands with headquarter in Amsterdam and an European Logistics Center in Eindhoven.