Explanations by Huawei about who owns the company often centre on a word most westerners would least associate with China: elections.
When founder Ren Zhengfei could not get enough money from China banks after establishing the group in 1987, he set up an employee stock ownership programme. Staff who own shares under the scheme – today numbering close to 65,000, according to the company – have the right every five years to elect 51 representatives who vote to choose the 13-member board of directors.
Outsiders often question that narrative.
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