Huawei Tries to Steer Clear of Allegations About Murky Financing

Huawei's Chief Legal Officer Song Liuping speaks during a press conference in Shenzhen, China's Guangdong province on March 7, 2019. - Chinese telecom giant Huawei said on March 7 it was suing the United States for barring government agencies from buying the telecom company's equipment and services. WANG ZHAO/AFP/Getty Images

In response to recent media and scholarly reports that Chinese tech giant Huawei is funded by the Chinese regime and is not 100 percent employee-owned as it has claimed, the company held a press conference on April 25 seeking to clear the allegations.

“Most of the claims made by the U.S. government [about Huawei] are not true,” said Jiang Xisheng, chief secretary of Huawei’s board of directors, at a press conference in Shenzhen City, southern China, where the company is headquartered. “There is no government capital in Huawei,” he added.