Huawei ‘princess’ a pawn in US-China trade row
As the daughter of the company’s founder, Meng Wanzhou was known internally as the “princess” of telecoms giant Huawei and possible heir to the throne, but now finds herself a pawn in the US-China trade clash.
Meng, Huawei’s chief financial officer, was arrested in Canada at the request of the United States, which seeks to extradite her in a move that could blow tensions between the two powers wide open. Her arrest follows a US probe into the company’s alleged violations of sanctions against Iran.
The affair is a major setback for a woman who had been rising through the company founded by her father Ren Zhengfei, sparking speculation in recent years that she would some day assume full control. Doing so would make her one of the world’s top female corporate bosses.
Huawei is the secondlargest smartphone manufacturer in the world after Samsung Electronics, having overtaken Apple earlier this year, and is ranked 72nd on the Fortune Global 500 with revenues of nearly $90 billion in the most recent fiscal year.