Hacker News new | ask | show | jobs
by penagwin 2555 days ago
Depending on how you define it, I don't think Huawei is technically "state-owned", but because "communism" technically all business are owned by the PRC?

But it's not formally apart of the PRC.

Do I understand this correctly?

1 comments

According to the NY Times, Huawei is owned by a holding company, which is in turn 1% owned by the CEO and 99% by the company's employee union, which is an affiliate of the Shenzhen Government Employee union.

But the union has no control, other than after-work social activity.

It's about as complex and weird as a situation can get. Spies hide in complexity.