Per editor: He Xiaotao, Yi Qijiang
After Zong Qinghou and Zhong Sui, is Ren Zhengfei also going to enter the field of private equity investment?
Recently, the Asset Management Association of China (hereinafter referred to as the "Asset Management Association of China") announced the information of the private equity fund manager of Huawei's Hubble Technology Venture Capital Co., Ltd. (hereinafter referred to as "Hubble Investment"), which was officially registered as a private equity and venture capital fund manager on January 14 this year.
This also means that the Investment Company of Huawei, which was established in April 2019, has officially entered the field of private equity investment, and will either use its own funds in the future or raise funds from qualified investors to make equity investments in the form of private equity funds.
Hubble Investments is officially registered as a private equity manager
According to the information on the website of the Asset Management Association, "Hubble Technology Venture Capital Co., Ltd." completed the registration of private fund managers on January 14 this year, and the institutional types are private equity and venture capital fund managers. The company was founded on April 23, 2019, with a newly registered capital of up to 3 billion yuan, and its registration and office are in Futian District, Shenzhen.
The completion of the private fund manager filing means that Huawei's Hubble Investment has officially entered the private fund industry, and will set up private equity fund products in the future to raise funds for individual and institutional qualified investors and make equity venture capital investments.
In fact, when Huawei established Hubble Investment, it caused a sensation in the market.
According to Qixinbao information, Hubble Technology Venture Capital Co., Ltd. is wholly owned by Huawei Investment Holdings Co., Ltd. The penetration of the shareholding structure shows that the actual controller and major shareholder is the trade union committee of Huawei Investment Holding Co., Ltd., accounting for 99.25% of the shares, and Huawei founder Ren Zhengfei accounts for 0.75% of the shares.
From the perspective of the senior management team, the legal representative, chairman and general manager of Hubble Investment are Bai Yi. Bai Yi has been a member of Huawei Technologies Co., Ltd. since August 1997 and has served as an employee of the R&D Department, director of the Research Institute Cooperation Department, and deputy director of the Enterprise Development Department, and since August 2007, he has served in Huawei's Enterprise Development Department, Capital Management Department, and Financial Risk Control Center, serving as president and vice president. In April 2019, Bai Yi stepped down to become the CEO of Hubble Investment.
Hubble Investment's compliant risk control Kong Yan, also a veteran employee of Huawei, joined Huawei Technologies Co., Ltd. in February 2006 as a project finance officer of the regional financial management department, became a financial expert of Huawei's operation and management department in July 2012, and became a director of Hubble Investment in April 2019.
In addition, the directors of Hubble Investment also include Zhou Yongjie, chairman of HiSilicon Semiconductor, Ying Weimin, former president of Huawei's wireless network research and development, and Li Jie, chairman of Huawei's supervisory board.
Hubble Investment has won 5 IPOs
According to the Southern Metropolis Daily, a venture capital person told reporters that Huawei Hubble is estimated to be a war investment platform, and many large Internet companies have done war investment platforms. Expand their own strength through alliances with upstream and downstream through war investment or to enhance the strength of new businesses or mergers and acquisitions.
According to the financial network, since its establishment, Hubble Investment has successively invested in Suzhou Yutai Chetong Electronic Technology Co., Ltd., Qinghong Electronics, Changzhou Fuene, Suzhou Dongwei Semiconductor Co., Ltd., Hangzhou New Consensus, Onry Microelectronics, Tianfu Energy, Siruipu and so on.
It is noteworthy that Tianyue Advanced, the "first share of silicon carbide", landed on the Science and Technology Innovation Board on January 12, with a market value of more than 38 billion yuan. Up to now, Hubble Investment has won 5 IPOs, and 110 million yuan of investment in Tianyue Advanced has made more than 20 times profits.
On September 23, 2020, at the Huawei All-Connected Conference 2020, Guo Ping, Huawei's rotating chairman, talked about Huawei Hubble. He said that Huawei's core business is focused on connectivity and computing, but under the sanctions of the United States, Hubble Investment was specially established to help the entire industry chain by investing in Huawei's technology. Guo Ping said: "Huawei has strong chip design capabilities, and we are willing to help trusted supply chains enhance their chip manufacturing, equipment, and material capabilities, helping them and helping ourselves." ”
Positioned in industrial investment and ecological chain layout, Huawei Hubble can be said to be a special product of Huawei's response to the US suppression crisis. Among the companies it invests in, it covers many fields such as third-generation semiconductors, wafer-level optical chips, power management chips, clock chips, and RF filters, which are areas where Huawei relies more on the US industrial chain.
Editor| He Xiaotao, Wang Jiaqi, Yi Qijiang
Proofread | duan lian
Cover image source: Visual China
Daily Economic News Integrated China Fund News, Southern Metropolis Daily, Financial Network
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