What is Huawei Technologies and why is the Chinese company so controversial?

The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies 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.READ MORE: Huawei CFO Meng Wanzhou arrested in Vancouver, faces extradition to U.S.
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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 Africa.The company was founded in 1987 by former military officer Ren Zhengfei. It remains privately held and describes itself as employee-owned, though its ownership structure is unknown. It is based in the southern Chinese tech hub of Shenzhen and employs about 180,000 people.WATCH: China calls on Canada, U.S. to release Huawei CFO after being arrested in Vancouver From globalnews.ca