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Huawei Hubble officially entered the private equity fund industry

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Huawei Shenzhen-based Hubble Technology is a subsidiary that fully focuses on making investments in the market. On January 14, 2022, Huawei Hubble has officially completed the registration of private equity fund managers. Now, the institutional type is private equity and venture capital fund managers.

According to the information, Hubble Technology Venture Capital Co., Ltd was established on April 23, 2019, with a registered capital of 3 billion yuan in Futian District, Shenzhen.

Now, Huawei Hubble has officially entered the private equity fund industry. In the coming future, private equity fund products will be established to raise funds for individual and institutional qualified investors for equity venture capital.

What are private equity funds?

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Private equity funds are closed-end funds that are considered an alternative investment class. Because they are private, their capital is not listed on a public exchange. These funds allow high-net-worth individuals and a variety of institutions to directly invest in and acquire equity ownership in companies.

Huawei Hubble executives:

Bai Yi

Hubble Investments’ legal representative, president, and general manager is Bai Yi, which is currently president of Huawei’s Global Financial Risk Control Center. Since August 1997, he is serving Huawei.

He has served as an employee of the R&D Department, Director of the Research Institute Cooperation Department, and Deputy Director of the Corporate Development Department. Also, he has been in the positions of President and Vice President in other departments. In April 2019, Bai Yi took over as the CEO of Hubble Investments.

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Kong Yan

Hubble Investments Compliance Risk Control Officer Kong Yan is also a veteran Huawei employee. In February 2006, she joined Huawei Technologies as a Project Finance Officer in the Regional Financial Management Department.

In July 2012, she became a financial specialist in Huawei’s operations management division. Further, she began working at Hubble Investments in January and became a director of the company.

Huawei Hubble:

Hubble Investment is fully operated by Huawei and jointly owned by the Huawei Investment Holding Co., Ltd. Trade Union Committee and Ren Zhengfei, of which Huawei’s founder Ren Zhengfei holds 0.75. % of shares.

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Hubble Investments currently has about 50 foreign investment companies, covering manufacturing, scientific research, technical services, information broadcasting, finance, etc., covering chips, semiconductors, artificial intelligence, and other fields.

In November 2021, Hubble Investments has undergone an industrial and commercial transformation, and its business scope has added private equity investment fund management and venture capital fund management services.

(Source: ithome)

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Huawei Kirin and HarmonyOS appears in Chinese study syllabus

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Recently, questions related to Huawei HarmonyOS and Kirin chipset have appeared in a Chinese study syllabus and on the matter of the country’s top achieved technologies.

According to the inputs coming from Weibo, Huawei Kirin, HarmonyOS operating system and other self-developed Huawei technologies appeared in the study test syllabus question book.

A picture shared online shows questions that have carried out an inventory of the product names of China’s most influential technology companies. And said that these product names are very distinctive, including the mobile chipset “Kirin”, the operating system “HarmonyOS”, the server chip “Kunpeng” and more.

The latest appearance of these popular technologies is the result of the people behind the development that put countless hours to bring them into reality.

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U.S. wants to cut Qualcomm supplies to Huawei

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The U.S. wants to impose further restrictions on Huawei to completely cut off the supply chains including the goods from Qualcomm and Intel. We could just call it the latest addition to the U.S. administration’s obsession with Huawei.

Reuters reports that the U.S. Government under Joe Biden has come up with a new policy of denial to sell items to Huawei. The list of denial now goes beyond 5G to cover products for 4G, WiFi 6, WiFi 7, A.I., and high-performance cloud computing and cloud items.

A person familiar with the matter revealed that the Biden administration wants to tighten its grip on Huawei and the reversing the approval of 4G chip technology transfer. However, these chips were also approved under the early office of Biden himself.

Back in 2019, the former U.S. president ordered to put Huawei into the so-called Entity List, which bans other companies from selling their goods to Huawei. This led to massive outages in Huawei’s supply chain, as the intent was to empty Huawei from all of its tech access.

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So, It lost Google mobile services, 5G chipset, and other crucial components used in telecom products. These sanctions didn’t have effect immediately but the U.S. government staged them to check the impact on the Chinese tech maker.

Qualcomm and intel are one of these companies that were approved to ship their chip to Huawei. Thereafter, Huawei continues to use Qualcomm chips in its all products whether its flagship, mid-range, or tablet device. Therefore, the U.S. likely come upfront to cut Qualcomm and Intel from Huawei.

For the time being, reports are colliding that the latest decision has been made, while a few suggest that the decision is under discussion. Either way, it’s a decision made by a government sitting in a fantasy land and licking a fantasy popsicle.

Huawei Fantasy?

Why not? The U.S. banned Huawei out of nowhere, and the U.S. government puts a ban on Huawei every year to showcase in the name of protecting U.S. citizens, while it’s just a matter of some headlines that come after such a step.

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The U.S. administration thinks that attacking Huawei means attacking China, while the U.S. continues to ship a large number of technologies to many big Chinese smartphone makers. Would, the U.S. also consider cutting ties with them as well, it won’t be a matter of national security.

Truth be told, Huawei is the only company that dominated both the network and smartphone market, and there’s an old saying “When you can’t beat the odds change the game”. Odds have always been in favor of Huawei but the U.S. is continuously changing the game since 2019. But the question is, for how long?

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Many Huawei technologies are hard to surpass: Huawei CEO

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Huawei Consumer Business Group CEO, Yu Chengdong

Huawei Consumer Business CEO, Yu Chengdong is filled with a lot of enthusiasm and he is the man behind the success of Huawei smartphones, as he said many of the company’s technologies are hard to surpass by other firms.

In a recent documentary, Yu Chengdong revealed that Huawei has many technologies that many of Huawei technologies are at the forefront of the entire industry. It is difficult for others to surpass Huawei and its technologies.

For example, Yu mentioned, Kunlun Glass, which is launched with Huawei Mate 50 series and comes with 10 times more durability than an OLED panel.

There’s also a mention of the satellite communication feature and it is developed by a team of people with an average age of 30 years. Huawei is the first to launch such technology in the smartphone industry and make it a success in first use.

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Huawei Consumer Business Group CEO, Yu Chengdong

XMAGE is also a tech that Yu emphasized as a major change in Huawei smartphones. The phone maker brings a new revolution in mobile photography, as is clearly visible in the Mate 50 lineup.

Previously, Yu Chengdong said that “the difficulty ten years ago was that no one recognized or knew Huawei’s brand, but today, ten years later, we have accumulated a lot of core technologies and core capabilities.” Yu Chengdong emphasized that innovative technologies are hard-won, However, Huawei will not be afraid of challenges, insist on investing in research and development, keep climbing, and continue to lead the industry forward.”

He further revealed the moment he was proud of the smartphone, recalling that Mate 7 achieved great commercial success, in the beginning, Huawei had no expectations about its sale but it was purchased by people all over China.

(via – Mydriver)

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