In some sense there is no real private company in China. WeChat is owned by a private company, which is listed in hong Kong stock market, yet Chinese government has sent 600 national security guards to the company to help monitor messages. Any message exchanged via wechat is copied to local police department. The ccp can order any private companies To do whatever ccp wants. Even foreign companies like Walmart in China has ccp branch operating inside
Why Huawei can push other western competitors out of the market? One reason is that huawei has enormous capital support from the government. When huawei competes in Africa, for example, the Chinese government would loan at almost zero interest to the African local government so that huawei can get the deal.When huawei was first established, in order to get market share in China, huawei bribed Key government officers by offering them stock shares. That is the key reason huawei can not be listed publicly on the stock market because it can not release the information of stock holders.
For the curious minds: research Eight Angels. They control everything in China. Comrade Deng's legacy. Wise man he was.
Huawei clearly likes to play a dirty game: https://www.nytimes.com/2021/01/29/technology/commercial-disinformation-huawei-belgium.html
Inside a Pro-Huawei Influence Campaign A covert online push to sway telecommunications policy in favor of the Chinese company may presage a new twist in social manipulation. LONDON — Edwin Vermulst, a trade lawyer in Brussels, did not think twice before he agreed to write an article for Huawei, the Chinese telecommunications giant, that would criticize a Belgian policy that threatened to box the company out of lucrative contracts. He had worked with the company for years. After the article was published Dec. 17 on a Dutch-language website, he moved on to other work. “That was the beginning and end of my involvement,” he said. Little did he know that the article would take on a life of its own. It soon became part of a covert pro-Huawei influence campaign in Belgium about 5G networks, the high-speed wireless technology at the center of a geopolitical dispute between the United States and China. First, at least 14 Twitter accounts posing as telecommunications experts, writers and academics shared articles by Mr. Vermulst and many others attacking draft Belgium legislation that would limit “high risk” vendors like Huawei from building the country’s 5G system, according to Graphika, a research firm that studies misinformation and fake social media accounts. The pro-Huawei accounts used computer-generated profile pictures, a telltale sign of inauthentic activity. Next, Huawei officials retweeted the fake accounts, giving the articles even wider reach to policymakers, journalists and business leaders. Kevin Liu, Huawei’s president for public affairs and communications in Western Europe, who has a verified Twitter account with 1.1 million followers, shared 60 posts from the fake accounts over three weeks in December, according to Graphika. Huawei’s official account in Europe, with more than five million followers, did so 47 times.