I did some research. Huawei's ownership system is so radical that probably no one in the West and few in China realized what it is. It is collective ownership in the socialist sense, or a commune. The paradox of this kind of ownership system is that the company is simultaneously owned by everyone and no one in particular, meaning all revenues and profits go back to all employees and reinvestment and no outside investors and financial capitals get anything, while nobody in particular can say I'll quit and take my share of the company - there is no 'private property' in the company.

Legally the ownership of the company is set up to be 1% for Ren Zhengfei and 99% for a owner's committee under a legally sanctioned trade union. It's a strange setup because trade unions in China are lame ducks and usually don't do anything, but Huawei's ownership is set up this way so that the trade union 'owns' 99% of the company to represent the collective ownership, which is not what trade unions were legally intended for.

It's Socialism in One Company, the leadership does not own anything but has the power to decide how to use everything, and it exploits its employee like the SU and China did in their early stage. This is unfathomable to the West so the only conclusion by the media could be opaque and government-owned.