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Hou Weigui is a chairman of ZTE Group, Hou Weigui is known for his key role in turning a tiny start-up into a large public corporation. ZTE is a major wireless equipment provider in China, with RMB35.7 billion of total assets in the telecom manufacturing industry.
Hou Weigui is a chairman of ZTE Group, Hou Weigui is known for his key role in turning a tiny start-up into a large public corporation. ZTE is a major wireless equipment provider in China, with RMB35.7 billion of total assets in the telecom manufacturing industry.
The first two shareholders are state-owned enterprises, nominating 5 out 9 directors of ZTE Holdings, while Zhongxing WXT was owned by the founders of ZTE, including Hou Weigui, which Zhongxing WXT nominated the rest of the directors (4 out 9) of ZTE Holdings.
Hou Weigui's "disciple" was filed for investigation and lien, and was elected chairman of ZTE New Communications six days ago. DATE: 10 hours ago. 21st century business herald reporter bothered to report from Shanghai.
Donning an inexpensive jacket, Hou Weigui looks more like a technician than a businessman. But the 69-year-old president of ZTE Corp helped to create the second-largest telecommunications company in China, in essence, a reflection of his own career path.
Hou Weigui, chief architect of the fund and chairman at ZTE, said: “The creation of this endowment is intended to foster innovative ideas and projects. Innovation is essential and fundamental to ZTE. The fund is one way ZTE is taking action to create ground-breaking new telecommunications solutions.”
Founder and Chairman Hou Weigui handed over control of ZTE to Executive Director, Shi Lirong who has been President since 2010. The spread of 4G, or fourth-generation, mobile phone services has...
