In the past couple of years, Huawei has been under scrutiny, especially regarding its possible ties with the Chinese Government. The company has dodged these claims so far by repeating that it “is a private company wholly owned by its employees,” with an “Employee Shareholding Scheme that involves 96,768 employee shareholders.”
While that might have cooled down some questions about the company’s ownership structure for the time being, a new research paper, titled ‘Who Owns Huawei?’ and published by Christopher Balding of Fulbright University Vietnam and Donald C. Clarke of George Washington University Law School questions the validity of Huawei’s employee ownership claim. The research paper reportedly used publicly available resources to chart out Huawei’s ownership and control structure. The paper concludes that Huawei is not actually owned by its employees, unlike what the company has claimed time and again.
The research paper throws light on the fact that 100% of Huawei is owned by a holding company called Huawei Investment and Holding. Ren Zhengfei, founder and CEO of Huawei actually owns only about 1.14% of this holding company, while the remaining ~99% is owned by an entity called ‘trade union committee’.
The paper adds that Huawei hasn’t revealed anything about this trade union committee, either about its members or its decision-making process. The usual nature of trade union committees in China further fuel the mystery about this entity.
The authors argue that “Given the public nature of trade unions in China, if the ownership stake of the trade union committee is genuine, and if the trade union and its committee function as trade unions generally function in China, then Huawei may be deemed effectively state-owned.”
So, the authors claim that we can’t completely rule out the possibility that Huawei may indeed be owned or controlled by the government.
As for the 96,768 employee shareholders often mentioned by the company in reports, the paper states that they just participate in the profit-sharing scheme and not in the decision making of the trade union. They have nothing to do with financing or control. The paper further adds that these shares are canceled when an employee leaves the company.
Huawei did respond to this study to telecoms.com refuting the claims by saying that they are based on unreliable sources and speculations. Find an excerpt of the statement below.
“This report, released by Professor Christopher Balding and Professor Donald Clarke, was based on unreliable sources and speculations, without an understanding of all the facts. They have not verified the information in the report with Huawei, and their conclusions are completely unsubstantiated. Huawei is a private company wholly owned by its employees. No government agency or outside organization holds shares in Huawei or has any control over Huawei.
If you are interested in reading more about this study, hit the source link down below.
Multiple variants of the Oppo Reno 10x Zoom Edition smartphone including 6GB RAM+128GB ROM, 6GB RAM+256GB ROM, and one that ships with 8GB of RAM and offers a hearty 256GB of internal storage capacity are now accepting pre-orders on the Chinese online store.
Here are the features the Oppo Reno 10x Zoom Edition smartphone has to offer:
GeekBuying has teamed-up with leading handset manufacturers to launch its ‘Smartphone Flash Sale,’ wherein you can grab up to 50 percent off on a wide range of well-received mobile phones. Moreover, select mobile phones have been assigned coupons that can be used to avail additional discounts at checkout.
In other words, you can bring the already lowered retail price of the Nubia Red Magic Mars smartphone further down to just $449.99 before placing your order. On the downside, the promo was on the verge of wrapping up at the time of writing.
This is a significant 38 percent drop in the phone’s original asking price of $511.99. Regrettably, the promo is slated to end soon. In order to avail the discount, all you need to do is follow 
Thanks to the aforesaid discount, cost-conscious buyers can get their hands on the OnePlus 6T for a lowered price of only $506.49 on GeekBuying. it is worth mentioning here that the phone would normally set you back $823.99 on both online as well as offline stores.
This recently unveiled MIJIA Bicycle Pump draws its juices from a built-in 2000mAh lithium battery, making it an easy-to-carry device. Aside from that, it features pressure detection, pressure preset and a plethora of other useful functions.
Nevertheless, it works more efficiently with 8x bicycle refills from 0 psi to 120 psi. It is also worth mentioning here that it delivers six times refilling of motorcycle tires, and seven times of a football from 0 psi to 12 psi.
Equipped with a stereo headset mode, the T1 Youth Version of the QCY T1 5.0 wireless in-ear headphones have gone up for sale carrying a considerably lowered price of just $17.99 on JoyBuy. This is a significant drop in the headphones’ black color version that normally sells for $23.90.
It securely fits in your ears without any sort of discomfort. The lightweight QCY T1 is a great choice for those who fancy listening to their favorite music on the go. More importantly, it gives you much-needed freedom from the hassles of wire.
The Lenovo S5 Pro Global Version ships with 6GB of RAM and offers 64GB of internal storage capacity for you to save your favorite content. The pure gold color version of the phone usually retails for $249, but you can buy it for a dropped price of just $179 on Giztop.
On the photography front, the Lenovo S5 Pro Global Version houses a 12MP+20MP Dual AI cameras at the back. Up front, there are 20MP+8MP dual AI cameras (Sony IMX 476, f/2.2 sensor with beauty mode) for selfies and video chatting.
