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Chief financial officer of China's Huawei arrested in Canada: official
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A man uses his mobile phone outside a Huawei store in Beijing on August 7, 2018. Despite being essentially barred from the critical US market, Huawei surpassed Apple to become the world's number two smartphone maker in the second quarter of this year and has market leader Samsung in its sights. Huawei has achieved this in part by refocusing away from the futile fight for US access and toward gobbling up market share in developing nations with its moderately priced but increasingly sophisticated phones, analysts said.
WANG Zhao / AFP (AFP/Wang Zhao)
T
he chief financial officer of China's global telecommunications equipment giant Huawei has been arrested in Canada and faces extradition to the United States, the ministry of justice said Friday.
Meng Wanzhou "was arrested in Vancouver on December 1," a statement said.
"She is sought for extradition by the United States, and a bail hearing has been set for Friday."
The ministry added it could not provide further details due to a publication ban that was sought by Meng.
The Wall Street Journal reported in April that US authorities had opened an investigation into suspected violations of Iran sanctions by Huawei.
Huawei -- one of the world's largest telecommunications equipment and services providers -- has been under tough scrutiny in the United States, where government national security officials say that its alleged close links to the Chinese government make it a security risk.
Its US business has been tightly constrained by worries it could undermine US competitors and that its cellphones and networking equipment, used widely in other countries, could provide Beijing with avenues for espionage.
Despite being essentially barred from the critical US market, Huawei surpassed Apple to become the world's number two smartphone maker in the second quarter of this year and has market leader Samsung in its sights.
