Ren Zhengfei, the billionaire founder of Huawei Technologies, broke a years-long silence as his technology empire faces its biggest crisis over three decades of existence.
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Huawei cut loose a sales director arrested in Poland on suspicion of espionage, moving swiftly to distance itself from a case that may crystallise fears the telecommunications giant helps Beijing spy on Western governments.
Huawei Technologies projected a 21% jump in 2018 revenue, showing off a sharp acceleration in top-line growth despite a difficult year in which it struggled to dispel growing concerns about its business and the security of its products.
US President Donald Trump thinks he might boost a China trade deal if he stops prosecutors from extraditing a Huawei executive, but he risks undermining the US justice system.
US President Donald Trump has said he would intervene in US efforts to extradite Huawei executive Meng Wanzhou if it helped him win a trade deal with China.
Huawei chief financial officer Meng Wanzhou was granted bail by a Canadian court, allowing the executive to stay in her Vancouver home as she awaits a possible extradition to the US over fraud charges.
The Trump administration has insisted the arrest of a top Huawei executive has nothing to do with trade talks. In Beijing, it’s just the latest US move to contain China’s rise as a global power.
The arrest last week in Canada of Meng Wanzhou, the chief financial officer of Huawei Technologies, China’s iconic company, is a watershed event.
Huawei chief financial officer Wanzhou Meng faces extradition to the US over potential violations of American sanctions on Iran. Here are the latest developments.
China’s state media called the arrest of Huawei’s chief financial officer in Canada a “despicable rogue’s approach”, painting the move as a politically motivated effort to contain China’s rise.