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Stock impact report

EXPLAINER-Who is China's Huawei Technologies and why is it controversial? [Reuters]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Reuters
EXPLAINER-Who is China's Huawei Technologies and why is it controversial? | Reuters 6 Min Read Dec 6 (Reuters) - The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global business community on Thursday and raised fears that a truce in the U.S.-China trade war could come to a swift end. Meng’s arrest came at the behest of U.S. authorities and is connected to an investigation into alleged violations of U.S. trade sanctions, a person familiar with the matter told Reuters. China’s foreign ministry said neither the United States nor Canada have explained reasons for the arrest. What is Huawei? Huawei is the world’s largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about $92 billion last year. Unlike other big Chinese technology firms, it does much of its business overseas and is a market leader in many countries across Europe, Asia and Afr Show less Read more
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