3 Tuesday, April 16, 2019 09:49

Huawei's rise to the top wasn't pretty

Hong Kong (CNN Business)Huawei is one of the biggest and most controversial tech companies on the planet. Its products are at the heart of a clash between the United States and China that is straining longstanding alliances and may define the future of the internet.The company started out small, selling cheap telephone switches in the 1980s in rural China.
The story of how it grew into a business with annual revenue of more than $100 billion is one of naked ambition, government support and questionable business tactics.Huawei is now battling a US campaign that aims to shut the Chinese company's equipment out of the next generation of wireless networks, known as 5G.
Ultra-fast 5G networks will be used to connect everything from mobile phones to self-driving cars. Mobile operators like the UK's Vodafone (VOD) and Canada's Telus (TU) say banning Huawei could disrupt the rollout of 5G and undermine technological progress. But the US government claims Huawei gear could be used by Chinese intelligence services for spying on other countries.
Huawei's founder said the company has not been asked to share "improper information" and that it works independently of the government; the Chinese government denies stealing intellectual property and committing unfair trade practices.If history is anything to go by, Huawei will fight tooth and nail to protect its business around the world.
.m-infographic--1555075783178 { background: url(//cdn.cnn.com/cnn/.e/interactive/html5-video-media/2019/04/12/20190412_Huawei_revenue_2018_smallx2.png) no-repeat 0 0 transparent; margin-bottom: 30px; padding-top: 106.66666666666667%; width: 100%; -moz-background-size: cover; -o-background-size: cover; -webkit-background-size: cover; background-size: cover; } @media (min-width: 640px) { .
m-infographic--1555075783178{ background-image: url(//cdn.cnn.com/cnn/.e/interactive/html5-video-media/2019/04/12/20190412_Huawei_revenue_2018_medium.png); padding-top: 56.282051282051285%; } } @media (min-width: 1120px) { .m-infographic--1555075783178{ background-image: url(//cdn.cnn.com/cnn/.e/interactive/html5-video-media/2019/04/12/20190412_Huawei_revenue_2018_medium.
png); padding-top: 56.282051282051285%; } } .m-infographic--1555075783178{ background: url(//cdn.cnn.com/cnn/.e/interactive/html5-video-media/2019/04/12/20190412_Huawei_revenue_2018_medium.png) no-repeat 0 0 transparent; height: 439px; width: 780px; } Read MoreHungry like the wolf Ren Zhengfei, a former engineer in the Chinese army, founded Huawei in 1987 and has been its CEO since 1988.
His military background strongly influenced the company's management style, resulting in what became known as Huawei's "wolf culture."Ren wants his employees to stay hungry. He told CNN in an interview this month that the US campaign against Huawei will be good for employees that have become "lazy, corrupt and weak" after decades of success.
.The CEO often talks about "wolf spirit" and has in the past told colleagues "to be shameless" in their.....
Full Story

News Code: 110862  |  CNN
All news has been gathered by RoboNews Crawler

Latest Business news


Why Diversification Matters

A properly diversified portfolio helps you reach your financial goals by spreading your investments over a number of asset categories to avoid excessive exposure to risk. But when ...
Why Diversification Matters

Wall Street jogs in place in quiet trading session

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermidNEW YORK (Reuters) - U.S. stocks ended a low-v...

Barclays to cut investment bankers' bonuses: FT

FILE PHOTO: Traders work on the trading floor of Barclays Bank at Canary Wharf in London, Britain December 7, 2018. REUTERS/Simon Dawson(Reuters) - Barclays Plc is planning to cut ...

Latest news pictures
  • Why Diversification Matters
  • Demand is so high for 'Avengers: Endgame' that many AMC theaters will open 24 hours a day all weekend
  • Sean Hannity knew about the famous Trump Tower meeting more than a week before it became public, according to the Mueller report
  • Sri Lanka attacks: Authorities face scrutiny over advance warnings
  • Facebook hires top State Department lawyer as general counsel
  • The cost of oil shoots above $65 a barrel as the White House vows to bring Iran exports to zero
  • The Best Competitors to Every First-Party Google App and Service
  • Speed Up Your PC With a 1TB SSD For Just $100
  • China's New Video Game Rules Officially Ban Blood, Corpses, Mahjong, and Poker
  • 8 Unanswered Questions From 'Game Of Thrones' Episode 2: 'A Knight Of The Seven Kingdoms'
  • With Coachella Wrapped, Goldenvoice Heads West to Long Beach for Summer Festival Season
  • How Kelsey Lu Processed a Painful Past Into a Message of Hope on Her Debut Album 'Blood'
  • Kacey Musgraves Adds West Coast Dates to Oh, What A World: Tour II
  • Martin Garrix Teases Collab With Macklemore & Fall Out Boy's Patrick Stump: Listen
  • Ariana Grande's 13 Most Unforgettable Tweets
  • Snake-Inspired Robot Slithers Fast
  • How Blindness Shapes Sound Processing
  • Defying the Laws of Physics? Bubbles of Sand
  • Jamie Carragher lambasts Manchester United display against Everton
  • Episode 35: Jack Johnson/ALO's Zach Gill & Son Volt's Jay Farrar
  • ‘KUWTK: The Most Unforgettable Sibling Fights The...
  • Dell Technologies extends systems integrator agreement with Cisco
  • Linux on DeX now supports the Galaxy S9, Galaxy Tab S5e, and Galaxy Note 8, and hints at upcoming Galaxy Tab S5 support
  • What Black Widow Could Learn From Thanos
  • Big Video Game Sale On Now at Amazon: Kingdom Hearts, RE2 and More
  • Bad News for Spotify? Amazon Launches Free Music Streaming Service
  • REI has a little-known section of its website that sells gently used gear and clothes for up to 70% off — here's how it works
  • A $2,000 bridal get-up, $100 of body glitter, and $30 thrift store discoveries: We asked 11 people how much their Coachella outfits cost, and here's what they told us
  • Here's exactly why experts recommend one type of life insurance over the other
  • Barcelona boss Ernesto Valverde reveals La Liga demand before Liverpool clash
  • Qatar opens Gaza artificial limb and rehab centre
  • 'Just their shoes': Sri Lanka struggles to identify the dead
  • Your Corpse Is Likely Getting All Kinds of Fun New Options in Washington State
  • Blind People Really Do Have More Sensitive Hearing, MRI Study Finds
  • Meghan McCain's Explosive Feud with Joy Behar Continues on 'The View', Whoopi Goldberg Cuts to Commercial
  • Polyphonic Spree Announce #CareForTheCaravan Benefit for Migrants
  • Jamie Carragher lambastes Manchester United display against Everton
  • ‘Avengers: Endgame’: Why Fans Will Feel...
  • These Are the Rarest Animals in the World
  • Who Will Meet Prince Harry and Meghan Markle’s Baby First?