Huawei founder Ren Zhengfei hosted an impromptu press event in Shenzhen on Monday in which he reiterated that his company had never spied for the Chinese government. He added that he “missed” his daughter (Huawei’s CFO, Meng Wanzhou) who has been detained in Canada for possible extradition to the US but was optimistic that justice would prevail. The privately-held firm, he pointed out, has no outside stockholders (but 97,000 staff are shareholders) and will make revenues of $108.5 billion in 2018, up 21%. Huawei has already signed 30 5G commercial contracts and shipped 25,000 5G base stations, reports the Wall Street Journal.
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