Meng Wanzhou Named Huawei Rotating Chairperson

Meng Wanzhou has resumed her role as the rotating chairwoman of Huawei Technologies for a six-month period, succeeding Eric Xu. This marks her second term in this position, where she is expected to lead the launch of the Mate 70 smartphone series amid fierce competition with Apple in the premium market. Meng, who also continues as CFO, is known as the 'Princess of Huawei' and has significant experience, having navigated a complex extradition case that concluded in 2021. Huawei's aggressive push into high-end devices includes the recent release of a tri-fold smartphone priced at $2,800. Her leadership comes at a crucial time for Huawei, as the company faces ongoing geopolitical tensions and seeks to regain market share against Apple. Industry observers will be watching closely to see how Meng's leadership impacts Huawei’s strategic direction and competitive stance in the global tech landscape.