Huawei's founder faces fight for company and family

Huawei's founder faces fight for company and family http://bit.ly/2TpwPXP January 30, 2019 at 03:59PM Yahoo News - Latest News & Headlines https://yhoo.it/27ryfmF

Huawei founder Ren Zhengfei survived food shortages during China's Cultural Revolution, but now the reclusive billionaire identified as "Individual-1" in a US indictment faces an existential fight for his family and company. Ren, 74, founded Huawei in 1987 with just 21,000 yuan ($5,600) and watched it grow into a global behemoth with 180,000 employees operating in 170 countries, sales of 206 million smartphones last year, and revenue topping $100 billion. The accusations dealt a blow to Huawei's image just as the famously secretive company had mounted a media blitz to salvage its reputation, with Ren leading the charge to dispute espionage concerns.

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