Huawei did not issue shares. The equity is jointly held by more than 60,000 employees, which is not in line with China's regulations on listed companies. In addition, once the company goes public, it may make many employees get rich overnight, thus affecting the spirit of struggle of employees. In addition, Huawei is not short of money and there is no need to raise funds through listing. Huawei's board of directors obviously does not aim at maximizing the interests of shareholders or stakeholders. Instead, we firmly adhere to the values centered on customer interests and drive employees to work hard.
Therefore, Ren, the founder and president of Huawei, made it clear in an interview with the media: Huawei will definitely not go public, and not going public has made Huawei, Ren said. There is no need for Huawei to provide greater transparency through listing. "Huawei will grant employees equity in the company, and Ren also explained Huawei's internal equity structure." Ren believes that this ownership structure is one of the reasons why Huawei can catch up with its peers in the industry, and Huawei employees are also the owners of the company. Huawei not only pursues enterprise scale, but also has no shortage of funds for development and will not enter the capital market. This is determined by Huawei's development model and the company's development model formulated by any chairman.