It gave figures for four different ways the Chinese state helped Huawei in its explosive growth to become the world’s largest telecoms equipment firm, manufacturing smartphones and vying to build 5G networks around the world.
Huawei did not specify the information it claimed to be false, or provide details to substantiate its claim of an ulterior motive behind the Journal’s work.
Business Insider has contacted Huawei to request more information.
Huawei’s status as one of the most visible Chinese companies, and its relationship with the Chinese government, has plagued its role on the world stage.
The company was in May 2019 placed on a US government blacklist, prohibiting most companies from doing business with it because of national security concerns.
Meng Wanzhou at a court appearance in September 2019.
Karen Ducey/Getty Images
The concerns are based on fears that Huawei could hand over network data to the Chinese government. The company has repeatedly denied that it would do that.
The US government has also sought to persuade allied governments from freezing Huawei out of any role developing 5G data networks.
On a more personal level, Huawei CFO Meng Wanzhou, also the daughter of CEO Ren Zhengfei, has spent all of 2019 under house arrest in Canada, where she was detained in December 2018 at the request of US authorities.
Despite this, Huawei has maintained its dominant market position.
In its rebuttal of the Journal’s reporting, Huawei downplayed the significance of state support in its success.
It instead cited very large expenditure on research and development, which it said far outstrips its rivals.
While it did not deny receiving help from the Chinese state, Huawei said it got no “additional or special treatment” which other companies could not also have accessed.
Business Insider has also contacted Dow Jones, the publisher of the Wall Street Journal, for comment.