Huawei ‘princess’ a pawn in US-China trade row

DNA (Delhi) - - WORLD -

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.

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