China’s technology star needs to shine more openly
“THE crisis, decline and even bankruptcy of Huawei are to come. We are in spring, but winter is very close. Don’t forget that the Titanic set sail in the atmosphere of hurrah.” Few bosses would be as alarmist as Ren Zhengfei, but he spoke those words in 2000 at the height of the technology bubble. He rightly feared it would pop and that it might destroy the firm he founded. Yet Huawei quickly bounced back and in 2010 became the world’s second-biggest maker of telecoms equipment, with annual sales of $28 billion—not far behind the leader, Ericsson, with $30 billion in sales. This year, Huawei, which employs 110,000 people, may overtake the Swedish champion.
For Mr Ren there is still a long way to go. Within the next ten years Huawei wants to become not only a technology leader but also a $100 billion company playing in the same league as Western IT giants such as Cisco, HP and IBM. ...
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