Some Chinese Companies Are Giving Employees Incentives For Buying Huawei Devices or Just Giving Them One and Boycotting Apple (nikkei.com)

A growing number of Chinese companies are throwing their support behind Huawei Technologies following the recent arrest of its chief financial officer in Canada, taking such steps as offering subsidies for staff who buy the telecom equipment maker's smartphones. From a report: Many Chinese businesses have told employees they will receive subsidies if they buy Huawei smartphones to aid the company. Most are subsidizing 10% to 20% of the purchase price, with some even covering the full amount. Over 20 Chinese companies also took to social media to announce that they will increase purchases of other Huawei products, such as its business management system.

The show of support has been broad, from information technology providers to food companies. A regional government official said that several hundred businesses were conducting such programs nationwide. Electronics maker Shanghai Youluoke Electronic and Technology is fully subsidizing up to two Huawei smartphones per employee, while display equipment maker Shenzhen Yidaheng Technology will cover 18% of the price for Huawei or ZTE units. Fuchun Technology, a communications service company listed on Shenzhen Stock Exchange announced on social media on Dec. 11 that it would give each of its 200 employees who buy Huawei's smartphone before the end of 2018 between 100 and 500 yuan ($14.5 to $72.5).

Comments

Who can blame them

[lfp98]

US officials contend they were just following standard procedure and the rule of law, but Meng's arrest was anything but normal. Extending economic sanctions to companies that do business in Iran is one thing, but what other country would kidnap a high-profile foreign executive in transit at a foreign airport and incarcerate them for engaging in trade with a third country? North Korea, maybe? This is not normal procedure, it is shock-and-awe, a willful demonstration of just how far the US will go to work its will on other countries.

You are truly a blathering fool.

[Anonymous Coward]

You're full of shit. Huawei ignored international sanctions and subpoenas/indictments related to major countries they do business with, then officers of that company went into the jurisdiction of that legal order to arrest them. Like anyone else, like the head of Nissan. China, in RETALIATION (which isn't a legal tenet, you idiot) arrests 2 Canadians including a DIPLOMAT on bogus unstated charges and all but blatantly announces they're doing so to influence the legal proceedings of Huawei. None of that is legal on any level. China is a criminal enterprise not even pretending to have legal legs here. You're truly a moron for trying to pretend anything about Meng being arrested, given an attorney, read her rights, having her bail considered AT ALL, and informing the world of all of this including her wellbeing at all times is somehow on par with China disappearing people for months without a word. I hope you see the inside of a Chinese prison some day, for comparative educational purposes.

Re:i for one say good.

[Jeremy Erwin]

The basis of the complaint seems to be:

HSBC is obligated to follow US sanctions policy. If it facilitates transactions with Iran, it's subject to fines and prosecution. It is also obligated to perform a certain amount of due diligence with its clients to ensure that it does not violate US law.

Huawei does business with Iran through Skycom.

When HSBC asked Huawei about the ownership and control of Skycom, Meng Wanzhou characterized Skycom as an independent company-- when in fact, it was a subsidiary. This can be characterized as bank fraud. It might well have exposed HSBC to serious criminal liability.

First of all, according to the affidavit described at Meng’s Vancouver bail hearing, Meng is being charged with bank fraud, rather than violating U.S. sanctions on Iran. It is likely that Meng will be charged by the U.S. with violating the bank fraud statute, 18 U.S.C. 1344, which criminalizes any attempt “to defraud a financial institution,” or obtain funds from a “financial institution, by means of false or fraudulent pretenses, representations, or promises.” According to reports describing the U.S. affidavit, Meng is alleged to have personally made a presentation to HSBC claiming that a company doing business with Iran was not controlled by Huawei in violation of U.S. sanctions. If Meng knowingly misled HSBC in order to get some financial benefit or support, this would likely violate the statute—a breach that carries a possible 30-year jail sentence or $1 million fine.

The Detention of Huawei’s CFO is Legally Justified. Why Doesn’t the U.S. Say So?

Re: Fuck Chinese criminals. Fuck apologists.

[Anonymous Coward]

That was wasnt the issue. They were selling US tech bought under an agreed to export control agreement to Iran. They didnt have to sign the agreement and they could have sold other tech. But they voluntarily signed a license with intent to break it, did break it, and then tries to hide it through creative finance accounting.