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Trade war

Chinese companies rally around Huawei after CFO arrest

Businesses also urge employees to boycott US rival Apple

Chinese companies are coming to Huawei's side by providing employees with subsidies to buy products from the smartphone maker.   © Reuters

BEIJING -- 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.

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.

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