Huawei’s success is because everyone is the owner
At China’s Huawei, employees are the majority shareholders. Here are some interesting insights.
- Company’s turnover is over US$ 30 billion and is privately held.
- One of the leading telecom equipment company
- No single majority share holder, CEO Ren Zhengfei is the largest shareholder One of China’s richest men, with an estimated net worth of US$450 million. He owns only 1.42 percent of shares in Huawei.
- 98.56 per cent owned by 61,457 employees out of total 95,000 employees