Wednesday, 12 December 2018

Huawei makes too much money, but only wants a slice of the watermelon

By Mary Lennighan, Total Telecom
Friday 23 January 15

Chinese vendor's founder Ren Zhengfei insists it has never been asked by the Chinese government to tap into U.S. networks and systems.

The rise of Huawei over the past couple of decades has bloodied the noses – and the balance sheets – of the world's longer established telecoms vendors. To add insult to injury this week the Chinese firm's normally limelight-shy founder and CEO spoke out about his biggest challenge: making too much money. In a broadcast interview that conjured up images of a Chinese Scrooge McDuck diving into a swimming pool full of gold coins…

The rise of Huawei over the past couple of decades has bloodied the noses – and the balance sheets – of the world's longer established telecoms vendors. To add insult to injury this week the Chinese firm's normally limelight-shy founder and CEO spoke out about his biggest challenge: making too much money. In a broadcast interview that conjured up images of a Chinese Scrooge McDuck diving into a swimming pool full of gold coins…

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