[iaw]

Wikipedia seems to disagree with your assertion:

https://en.wikipedia.org/wiki/Huawei#Ownership

It may ostensibly be owned by the employees but there's a more complex ownership structure involved than what a normal company would have.

" Scholars have found that, after a few stages of historical morphing, employees do not own a part of Huawei through their “shares”. Instead, the “virtual stock is a contract right, not a property right; it gives the holder no voting power in either Huawei Tech or Huawei Holding, cannot be transferred, and is cancelled when the employee leaves the firm"

[feisuzhu]

You are right, this aligns what I know about.