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by maerF0x0 1149 days ago
> China is not a single entity.

However it acts like one much more so than many other countries, and especially under Xi jinping.

See also https://archive.is/ZoShw (NY Times Who Owns Huawei? The Company Tried to Explain. It Got Complicated. 2019)
1 comments
DiogenesKynikos 1148 days ago
As that article describes, Huawei is effectively employee-owned, though the legal arrangement is not straightforward (because of China's laws on stock ownership at the time Huawei was founded).
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maerF0x0 1148 days ago
The article says that it's claimed that Huawei is... but that it's misleading (virtual shares) and that whenever ask the question dodgy answers are given.
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DiogenesKynikos 1148 days ago
The answers make perfect sense in the context of Chinese law.

This is how Huawei was set up decades ago. They would have had no reason to hide or obfuscate their ownership back then. They used a legal device - the union holds shares on behalf of the employees - to get around restrictions on the number of shareholders in a private company.

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