Huawei's side businesses keep it all in the family

SHENZHEN, China - On a hot summer morning at Huawei’s new European-themed campus outside of Shenzhen, a man resembling a younger version of company founder Ren Zhengfei was dressing down two subordinates.

The man was Steven Ren Shulu, 63, the younger brother of Ren Zhengfei, who joined Huawei in 1992 and is now supervisor of the board. The encounter was witnessed by chance by a Reuters reporter during a visit to the campus in August. The role of Ren’s daughter, chief financial officer Sabrina Meng Wanzhou, is widely known, especially in the wake of her arrest in Canada last December on U.S. charges relating to sanctions violations.

That includes the final phase of the lavish new Songshan Lake campus in Dongguan, with offices for 25,000 employees, as well as a new apartment block for employees near Huawei’s Shenzhen headquarters that is expected to be built by 2023.

Ren Ping is also president of Shanghai Mossel Trade Co., Ltd, a subsidiary where Ren Zhengfei’s wife also works, according to Chinese company registration records. Named after Mossel Bay in South Africa, the company sells imported foods from around the world including Huawei-labeled wines, premium beef and fine rice, according to its website.

Just like the mafia

Side businesses include hotel booking, flight ticket booking, Human Resource outsourcing, employee apartment building and rental, employee restaurant...All these are managed by the family, including his younger brother, his son....

The old liar sold 'American National Security' for a good price and then exchanged it for wealth under the name of Ivanka.

... ceterum censeo sinarum esse delendam.

One of your family members may never come home. Meng is still in Canada, and will eventually make her new home in an American jail.

It's a family... so?

it's smart to only trust family in business.

What’s the point of this article? So what? reuters who funds yr reporting?

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