Ren Zhengfei, founder and CEO of Huawei, speaking at the company's headquarters in Shenzhen on May 24, 2019. In a newly published speech originally given in June 2020, Ren called for decentralised control and simplified product lines to help Huawei survive US trade sanctions. Photo: Bloomberg
Huawei founder Ren Zhengfei calls for decentralisation, focus on profits to survive US trade sanctions
- A newly published speech that Ren Zhenfei gave in June reveals the Huawei CEO’s thinking on strategies for surviving US sanctions
- Ren called for delegating decision-making to local offices, simplifying product lines and focusing more on profit
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US sanctions on China
Ren Zhengfei, founder and CEO of Huawei, speaking at the company's headquarters in Shenzhen on May 24, 2019. In a newly published speech originally given in June 2020, Ren called for decentralised control and simplified product lines to help Huawei survive US trade sanctions. Photo: Bloomberg