Huawei is a poster child for Chinese capitalism. China’s second biggest mobile phone business and one of the world’s fastest growing companies, it has risen from humble beginnings in 1987, reselling telecoms equipment in the provinces of the People’s Republic, to become a multinational, designing everything from mobile-phone mast radios to smartphones and the computer chips that make them run. It is entirely owned by its employees and its founder, Ren Zhengfei.But its rapid growth – the firm’s global takings of $32bn (£20bn) are only a shade behind those of the largest network equipment vendor, Sweden’s Ericsson – could now be at risk.To continue reading this report in The Guardian, go to:
www.guardian.co.uk/technology/2012/oct/10/huawei-international-blacklisting
Chinese mobile firm Huawei facing international blacklisting
Huawei is a poster child for Chinese capitalism. China’s second biggest mobile phone business and one of the world’s fastest growing companies, it has risen from humble beginnings in 1987, reselling telecoms equipment in the provinces of the People’s Republic, to become a multinational, designing everything from mobile-phone mast radios to smartphones and the computer chips that make them run. It is entirely owned by its employees and its founder, Ren Zhengfei.