Huawei heir apparent prepares for life after three years of Canada court battle - News Summed Up

Huawei heir apparent prepares for life after three years of Canada court battle


VANCOUVER (Reuters) – After being stuck in Canada for nearly three years, largely confined to her multi-million-dollar house in Vancouver, Huawei Chief Financial Officer Meng Wanzhou on Friday was set to return home to China https://www.reuters.com/technology/huawei-cfo-meng-appear-court-expected-reach-agreement-with-us-source-2021-09-24. The 49-year-old CFO of Huawei Technologies had been widely tipped to one day take the helm of the tech giant her father founded. Meng is widely seen by Huawei insiders as the likely successor to company founder Ren Zhengfei. At the time of Meng’s arrest, Huawei’s revenue was split equally between domestic and international revenue, half of which came from supplying equipment to telecoms carriers around the world. But since then Western countries have distanced themselves from the Chinese tech giant.


Source: MetroXpress September 24, 2021 19:10 UTC



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