Huawei’s CEO Built an Empire. Trump Could Tear It Down
- Ren’s daughter faces charges she sidestepped Iran sanctions
- Telecom giant is now a flashpoint in larger U.S.-China rivalry
At the sprawling Huawei Technologies Co. campus in Shenzhen, the food court’s walls are emblazoned with quotes from the company’s billionaire founder and CEO Ren Zhengfei. Then there’s the research lab that resembles the White House in Washington. Perhaps most curious, though, are the three black swans paddling around a lake.
For Ren, a former People’s Liberation Army soldier turned telecom tycoon, the elegant birds are meant as a reminder to avoid complacency and prepare for unexpected crisis. That pretty much sums up the state of affairs at Huawei, whose chief financial officer, Meng Wanzhou, who’s also Ren’s daughter, is in custody in Canada and faces extradition to the U.S. on charges of conspiracy to defraud banks and violate sanctions on Iran.