Ren Zhengfei

Ren Zhengfei is a Chinese business executive who founded Huawei in 1987 and served as its chief executive until 2011.

Huawei: Huawei is a Chinese technology company that makes telecommunications equipment, smartphones, and other products. Ren founded the company and led it through its expansion into global telecommunications.
People's Liberation Army: The People's Liberation Army is the armed forces of the People's Republic of China. Ren served as an engineer in the PLA before entering business.
Telecommunications equipment: Telecommunications equipment includes devices and systems that transmit, route, and receive voice and data communications. Huawei began by selling telephone switching equipment, the business Ren built.
Huawei ownership structure: Huawei is privately held, with ownership interests held by the company’s trade union committee and employees. Ren’s small personal stake contrasts with the company’s employee ownership system.
Entrepreneurship: Entrepreneurship is the creation and development of ventures that organize resources to provide goods or services. Ren’s founding of Huawei is an example of entrepreneurship under China’s reform-era conditions.
Meng Wanzhou: Meng Wanzhou is a Huawei executive and the daughter of Ren Zhengfei. Her leadership role and 2018 arrest brought renewed attention to Ren’s family and Huawei.
Shenzhen: Shenzhen is a major city in southern China, established as a special economic zone in 1980. Ren founded Huawei in Shenzhen during the city’s rapid commercial growth.
Telephone exchange: A telephone exchange is a system that connects telephone calls between users on a communications network. Huawei’s early products included switches for telephone networks.
Huawei employee ownership scheme: Huawei's employee ownership scheme is an internal profit-sharing and participation arrangement for eligible employees. Ren helped build a model intended to align employees with the company’s long-term growth.
State-owned enterprise: A state-owned enterprise is a business in which a government owns all or a controlling share. Huawei’s stated private and employee ownership distinguishes it from China’s state-owned telecom firms.

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