Huawei's staff own 98.58% of stock: report


Huawei's staff own 98.58% of stock: report

Robert Clark  |   June 07, 2010

Huawei’s staff own 98.58% of the company’s stock and CEO Ren Zhengfei holds 1.42%, a Chinese newspaper has reported.
Quoting an un-named source, the Beijing Times says the company’s yet-to-be-released corporate social responsibility (CSR) report reveals that Huawei Technologies Co. Ltd is wholly-owned by Shenzhen Huawei Investment Holdings Ltd.
Huawei staff hold their company stakes through Shenzhen Huawei under a company employee share ownership scheme operated by the company union. Huawei has 95,000 workers, of which 61,457 own shares in the company, the report said.
Huawei executives have long acknowledged the employee share scheme, which they have described as an important means of raising funds for the privately-held company.
However, the Shenzhen-based firm has never disclosed details of its shareholders, describing itself as “employee-owned.”
The company, co-founded by Ren and other ex-army officers 23 years ago, has encountered suspicion in the US and other foreign markets because of its alleged links to the PLA and the Chinese government. 
Huawei and other Chinese vendors last week overcame a ban on the sale of their equipment to Indian carriers on the condition that the gear undergoes strict security checks. 
The Indian government has banned the deployment of Chinese-made network equipment in sensitive border areas.

Robert Clark

Tell Us What You Think

Add comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <a> <p> <span> <div> <h1> <h2> <h3> <h4> <h5> <h6> <img> <img /> <map> <area> <hr> <br> <br /> <ul> <ol> <li> <dl> <dt> <dd> <table> <tr> <td> <em> <b> <u> <i> <strong> <font> <del> <ins> <sub> <sup> <quote> <blockquote> <pre> <address> <code> <cite> <embed> <object> <strike> <caption>
  • Lines and paragraphs break automatically.
  • Use <!--pagebreak--> to create page breaks.

More information about formatting options

Video from Telecom Channel

Is Apple getting too big for its boots?
The iPhone 4 is here Apple has changed its developer agreement to restrict release of analytical data to third parties, something Google/Admob may not be too happy about.  


Robert Clark
Singapore, Malaysia show the way. Will Asia follow?
Nicole McCormick
Just one operator to fly the Wimax flag
Shailendra Pandey/Informa Telecoms & Media
APAC market forecast to expand 11% annually for next five years
Guillaume Sachet/ Accenture
Smartphone battleground shifting to software and app stores
Tony Poulos
Why haven't operators addressed bill shock instead of waiting for the heavy hand of the regulator to step in?
Chee Sing Chan
Building clouds, private or public, isn't the same as providing cloud computing services


Cliff Edwards and Peter Burrows
Samsung and other makers revamp devices after the iPad's debut
Bruce Brda, Motorola
Wimax and LTE will co-exist and complement one another within markets

MWC2010 List

HTC guns for top 3 smartphone makers
Powermat wants to charge your desktop
Femtos outlook improves as cellcos seek offload options
Cheaper smartphones key to broadband takeup

Frontpage Content by Category

Industry experts put their heads together and stick their necks out to call the big trends for 2010


Staff Writer
To survive the next ten years in the free internet world
Staff writer
Lim Chuan Poh will vacate his position by year-end