Huawei CEO Reportedly Urges Company to Stay Cash Flow Positive to ‘Survive’ Tough Economic Times

Huawei CEO Reportedly Urges Company to Stay Cash Flow Positive to ‘Survive’ Tough Economic Times
Huawei founder and CEO Ren Zhengfei speaks during a press briefing in Taiyuan, Shanxi Province, on Feb. 9, 2021. Jessica Yang/AFP via Getty Images
Shawn Lin
Updated:

The founder of Chinese technology giant Huawei, has reportedly told the company to brace for “survival” amid the grim global economic outlook, according to a leaked internal memo.

Once riding high on the wave of globalization, the successful telecom held one of the largest global shares on shipments of communications devices. However, the company has reportedly changed its tune after it was heavily sanctioned by the United States and other Western nations.

Shawn Lin
Shawn Lin
Author
Shawn Lin is a Chinese expatriate living in New Zealand. He has contributed to The Epoch Times since 2009, with a focus on China-related topics.
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