Huawei’s internal forum published an article on August 22 about the whole company’s business policy changing from pursuing scale to pursuing profit and cash flow, Chinese media outlet Yicai reported on August 23. Ren Zhengfei, the founder of Huawei, mentioned in the article that the global economy will face a recession and declining consumption capacity in the near future, and that Huawei should change its thinking and business policy from pursuing scale to pursuing profit and cash flow to ensure that it will survive the crisis in the next three years. “We should take survival as the most important program, shrink or close the edge business. Every employee needs to realize the upcoming crisis,” wrote Ren.
Huawei Founder Emphasizes “Survival” Amid Economic Challenges
Huawei Founder Emphasizes “Survival” Amid…
Huawei Founder Emphasizes “Survival” Amid Economic Challenges
Huawei’s internal forum published an article on August 22 about the whole company’s business policy changing from pursuing scale to pursuing profit and cash flow, Chinese media outlet Yicai reported on August 23. Ren Zhengfei, the founder of Huawei, mentioned in the article that the global economy will face a recession and declining consumption capacity in the near future, and that Huawei should change its thinking and business policy from pursuing scale to pursuing profit and cash flow to ensure that it will survive the crisis in the next three years. “We should take survival as the most important program, shrink or close the edge business. Every employee needs to realize the upcoming crisis,” wrote Ren.