Why Huawei CFO’s arrest is sparking tension between the US and China

While Huawei is selling tons of phones worldwide, it’s facing a grim time in the US with plenty of lawsuits and governmental bans against it over surveillance concerns. Most notably, the company’s Chief Financial Officer, Meng Wanzhou, has been arrested and is facing a potential sentence of up to 30 years in a US prison. Let’s back up a bit, and take a look at how Huawei got into this massive mess. But first, a bit of context: Huawei’s a big deal, not just in China, but across the globe. The company supplies telecom equipment to 170 countries, and crossed $100…

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http://bit.ly/2V4HFmf Ivan Mehta February 19, 2019 at 03:00AM