Ren
Zhengfei, founder and chief executive officer of Huawei Technologies
Co., speaks during an interview at the company's headquarters in
Shenzhen, China, on Tuesday, Jan. 15, 2019. Ren, the billionaire telecom
mogul, broke a years-long silence as his technology empire faces its
biggest crisis over three decades of existence. Photographer: Qilai
Shen/Bloomberg
https://youtu.be/YNkfddyDEkk
https://youtu.be/TUqg4yrs-Po
Ren Zhengfei, the billionaire founder of Huawei Technologies, broke
years of silence on Tuesday as his business empire faces its biggest
crisis in more than three decades amid continued pressure from the US
that its networking gear may pose a security threat.
The telecoms mogul called Donald Trump “a great president” and said he
would take a wait-and-see approach to whether the US leader will
intervene in the case of his eldest daughter and Huawei finance chief Meng Wanzhou.
Meng is in Canada facing extradition to the US, where authorities have accused her of fraudulently representing Huawei
to evade US sanctions on Iran. She has denied any wrongdoing and said
that she will contest the allegations if surrendered to the US.
The emergence of the reclusive Ren, who last
spoke with foreign media in 2015, underscores the depth of the attacks
on Huawei, the largest symbol of China’s growing technological might.
“I love my country, I support the Communist
Party. But I will not do anything to harm the world,” the 74-year-old
Ren told a select round table briefing, only his third formal chat with
foreign reporters. “I don’t see a close connection between my personal
political beliefs and the businesses of Huawei.”
The US has banned government use of Huawei’s
technology products and services because of security concerns. US
security experts have warned of a range of potential security risks,
including but not limited to the capacity to control telecommunications
infrastructure and even conduct undetected espionage. It has pressed its
allies to follow suit.
Huawei has consistently denied any connections
with the military, saying that it is a private company part-owned by its
employees and that governments need to ensure there is an objective
basis for choosing technology vendors.
“Ren Zhengfei doesn’t give many
interviews, but his decision to speak publicly seems like a smart move,”
said Brock Silvers, Shanghai-based managing director of Kaiyuan
Capital. “The
threat to Huawei’s European business is real and it is understandably
responding to it. Ren’s public comments today show how seriously he
views the situation.”
Ren, who joined the Communist Party after
leaving the People’s Liberation Army, stressed the potential for
cooperation with the US. He played down Huawei’s role in current trade
tensions between Washington and Beijing, which have rattled investors
and corporations worldwide.
“Huawei is only a sesame seed in the trade
conflict between China and the US,” Ren said from the company’s newest
campus in the industrial city of Dongguan.
“Trump is a great president. He dares to
massively cut tax, which will benefit the business. But you have to
treat well the companies and countries so that they will be willing to
invest in the US and the government will be able to collect enough tax.”
Meanwhile, China's Foreign Ministry on Tuesday
urged Canada to release Meng immediately, saying the case was an abuse
of legal procedure. Ministry spokeswoman Hua Chunying made the comment
at a daily news briefing in Beijing.
Meng was released on bail five weeks ago and is
living under restrictions in her multimillion-dollar Vancouver home
while awaiting extradition proceedings.
Ren expressed hope that Huawei could find a way forward with the US.
“Huawei is not a public company, we don’t need a
beautiful earnings report,” Ren said. “If they don’t want Huawei to be
in some markets, we can scale down a bit. As long as we can survive and
feed our employees, there’s a future for us.”
Ren is a legendary figure in China’s business
world and moves in the highest government circles. The self-made
billionaire is the son of schoolteachers and grew up in a mountainous
town in China’s poorest province, Guizhou.
A survivor of China's great famine between 1958
and 1961, Ren graduated from the Chongqing Institute of Civil
Engineering and Architecture. He worked in the civil engineering
industry until 1974 when he joined the PLA as an engineer – a connection
that still provokes questions in the West about Huawei’s ties to the
Chinese army and government.
China's Huawei Technologies launched the world's first core
chip specifically designed for 5G base stations on Thursday in Beijing,
securing its leading position for 5G deployments in spite of political
pressure.
Ren Zhengfei, founder and chief executive officer of Huawei Technologies Co., speaks during an interview at the company's headquarters in Shenzhen, China, on Tuesday, Jan. 15, 2019. Ren, the billionaire telecom mogul, broke a years-long silence as his technology empire faces its biggest crisis over three decades of existence. Photographer: Qilai Shen/Bloomberg https://youtu.be/YNkfddyDEkk https://youtu.be/TUqg4yrs-Po
Ren Zhengfei, the billionaire founder of Huawei Technologies, broke years of silence on Tuesday as his business empire faces its biggest crisis in more than three decades amid continued pressure from the US that its networking gear may pose a security threat.
The telecoms mogul called Donald Trump “a great president” and said he would take a wait-and-see approach to whether the US leader will intervene in the case of his eldest daughter and Huawei finance chief Meng Wanzhou.
Meng is in Canada facing extradition to the US, where authorities have accused her of fraudulently representing Huawei to evade US sanctions on Iran. She has denied any wrongdoing and said that she will contest the allegations if surrendered to the US.
The emergence of the reclusive Ren, who last spoke with foreign media in 2015, underscores the depth of the attacks on Huawei, the largest symbol of China’s growing technological might.
“I love my country, I support the Communist Party. But I will not do anything to harm the world,” the 74-year-old Ren told a select round table briefing, only his third formal chat with foreign reporters. “I don’t see a close connection between my personal political beliefs and the businesses of Huawei.”
The US has banned government use of Huawei’s technology products and services because of security concerns. US security experts have warned of a range of potential security risks, including but not limited to the capacity to control telecommunications infrastructure and even conduct undetected espionage. It has pressed its allies to follow suit.
Huawei has consistently denied any connections with the military, saying that it is a private company part-owned by its employees and that governments need to ensure there is an objective basis for choosing technology vendors.
“Ren Zhengfei doesn’t give many interviews, but his decision to speak publicly seems like a smart move,” said Brock Silvers, Shanghai-based managing director of Kaiyuan Capital. “The threat to Huawei’s European business is real and it is understandably responding to it. Ren’s public comments today show how seriously he views the situation.”
Ren, who joined the Communist Party after leaving the People’s Liberation Army, stressed the potential for cooperation with the US. He played down Huawei’s role in current trade tensions between Washington and Beijing, which have rattled investors and corporations worldwide.
“Huawei is only a sesame seed in the trade conflict between China and the US,” Ren said from the company’s newest campus in the industrial city of Dongguan.
“Trump is a great president. He dares to massively cut tax, which will benefit the business. But you have to treat well the companies and countries so that they will be willing to invest in the US and the government will be able to collect enough tax.”
Meanwhile, China's Foreign Ministry on Tuesday urged Canada to release Meng immediately, saying the case was an abuse of legal procedure. Ministry spokeswoman Hua Chunying made the comment at a daily news briefing in Beijing.
Meng was released on bail five weeks ago and is living under restrictions in her multimillion-dollar Vancouver home while awaiting extradition proceedings.
Ren expressed hope that Huawei could find a way forward with the US.
“Huawei is not a public company, we don’t need a beautiful earnings report,” Ren said. “If they don’t want Huawei to be in some markets, we can scale down a bit. As long as we can survive and feed our employees, there’s a future for us.”
Ren is a legendary figure in China’s business world and moves in the highest government circles. The self-made billionaire is the son of schoolteachers and grew up in a mountainous town in China’s poorest province, Guizhou.
A survivor of China's great famine between 1958 and 1961, Ren graduated from the Chongqing Institute of Civil Engineering and Architecture. He worked in the civil engineering industry until 1974 when he joined the PLA as an engineer – a connection that still provokes questions in the West about Huawei’s ties to the Chinese army and government.
China's Huawei Technologies launched the world's first core chip specifically designed for 5G base stations on Thursday in Beijing, securing its leading position for 5G deployments in spite of political pressure.