Some users viewed the incident as part of the trade war - and a broader conspiracy to keep down China's technological development.
In the Beijing News, a columnist suggested the "Five Eyes" security alliance of the US, Canada, Australia, New Zealand and Britain were behind the arrest which was the latest step in a plan to contain Huawei.
Huawei chief financial officer Wanzhou Meng's family appears to have connections to at least two pricey Vancouver homes including one in the exclusive Shaughnessy neighbourhood, property records show.
If granted bail on Friday, Meng will likely have to post bail with "a surety of several million dollars", Vancouver lawyer Gary Botting, who has experience with extradition cases, said.
The United States has also been looking since at least 2016 into whether Huawei violated USA sanctions against Iran, Reuters reported in April.
For a period of time she was in charge of Huawei's internationalization efforts, which have been extremely successful, said Jiang.
But Canadian law dictates that people who have been arrested or detained are given a reason.
China has expressed extreme displeasure at the detainment of Meng Wanzhou and demanded her immediate release. This is something that we get from the Justice Department.
"I think one of the key things is that we always have to be resilient no matter what the possible trigger could be", Scott Jones, director of the Canadian Centre for Cyber Security, told a press conference.
The company has said it is not aware of any wrongdoing by Meng.
But "one thing that is undoubtedly true and proven is the USA is trying to do whatever it can to contain Huawei's expansion in the world, simply because the company is the point man for China's competitive technology companies", China Daily said.
The Chinese embassy in Canada also issued strong warnings about the arrest.
"The Chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim".
Fu Liang, a Beijing-based independent telecom analyst, said that Canada arresting Meng on behalf of the United States is "weird".
"One of the most important reasons why the USA started the trade war was to attack China's technology sector and its "Made in China 2025" plan", wrote one Weibo user.
But its devices have come under scrutiny in the U.S. and elsewhere over spying fears.
Bloomberg News reported that Meng's marital status was unclear, but in 2013 she denied in another media report that she was married to Huawei board member and chief strategy marketing officer Xu Wenwei.
But experts have now warned this apparent truce could now be completely shattered as a result of Meng's arrest, with some predicting the United States will use the situation as a bargaining tool in the ongoing trade war.
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