This announcement should not please the USA at all: Meng Wanzhou of all people is to take over the management of Huawei. The daughter of Huawei founder Ren Zhengfei fought for years against extradition to the United States. In China, she is considered a heroine.
Huawei: Meng Wanzhou to take over the presidency
According to confirmed reports, Huawei has found a successor plan for founder and CEO Ren Zhengfei. The now 78-year-old is to be replaced by his daughter. As of April 1, 2023, it is planned that Meng Wanzhou takes over the management of the Chinese group (Source: heise online). The already damaged relationship between Huawei and the USA is likely to deteriorate further.
Because Meng Wanzhou is not unknown in the USA. The 51-year-old was at the center of a bank scam designed to circumvent US sanctions on Iran. At the request of the US, Wanzhou was opened in 2018 arrested in Canada. She was able to legally defend herself against her extradition to the USA to the end. For three years she was under loose house arrest in Canada. Only a deal with US prosecutors meant that Wanzhou was able to return to her homeland.
In China, the daughter of the Huawei founder is considered a heroine who successfully prevailed against the USA. In fact, the case against her was dropped a few months ago. China had in return for their release two Canadians released from Chinese custody. They were accused of espionage.
We last looked at the Watch Buds from Huawei:
Huawei: stability despite US sanctions
The Chinese manufacturer now sees itself freed from crisis mode. There is already talk of a new normal. According to the company, sales have recently stabilized after falling by almost a third in 2021. US sanctions have forced Huawei to quickly diversify its businesses. The group continues to reject allegations of espionage.