Tech firms worry after exec arrested
The arrest of a high-profile Chinese executive has amped up jitters among U.S. technology companies already fretting that a trade war between the two countries could hurt business.
After Huawei Technologies Co. Chief Financial Officer Meng Wanzhou was arrested in Canada at the behest of the U.S., there were signs that U.S. companies were starting to reconsider sending executives to China for fear of retaliation.
Unconfirmed social media reports said that Cisco Systems Inc. is restricting nonessential travel by U.S.-based employees into China. The San Jose, California-based maker of computer networking gear told Bloomberg an email was sent to some employees in error and that normal business travel to China continues.