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?
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:
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.
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.
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.
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.
Huawei confirms Leica camera partnership end
Today, Huawei has (via AndroidAuthority) confirmed that the strategic partnership with Leica ended on March 31. This is quite a confirmation that we’ve been waiting for and we’re interested to see what the next camera phone from Huawei will bring for the consumers.
Earlier this day, Xiaomi officially confirmed the kick-off of the strategic partnership with Leica. The well-known camera imaginary enhancing technology company is based in Germany.
Currently, Xiaomi has not confirmed the first device that will feature Leica powered camera system but it’s expected that Xiaomi 12 could be the first one to bring it to the Xiaomi consumers.
Huawei and Leica
Huawei and Leica ran long hand in hand and the journey of these two partners started with the launch of the Huawei P9 in 2016. The match was later followed by the Mate 9 lineup and the consequential models from top Huawei flagships.
Throughout the year of partnership, Huawei and Leica have cobranded launched many phones and enhanced the photography quality for the smartphone users. Huawei P50 series is the last piece of the flagship that launched with Leica-powered camera technologies.
Aside from these, we’re surprisingly waiting for the next Huawei flagship – The mate 50 series that could launch somewhere in July this year. Although, Huawei has not confirmed any such launch but we can expect more camera tech from the Chinese tech maker.
learn more about Huawei Mate 50 in the article linked below.
HarmonyOS and EMUI creator leaving Huawei
It’s surely bad news to hear, that Huawei consumer business group software department president – Wan Chenglu is leaving Huawei. He has been known as the creator and leader of two core Huawei consumer-based software – HarmonyOS and EMUI and it’s heartbreaking to know that he’s making his way out of the Chinese tech giant’s shadow but there’s also an interesting side to this story.
According to the Chinese news sources, Dr. Wang Changlu, creator and leader of Huawei’s HarmonyOS and EMUI has left Huawei and is likely to join Shenzhen Kaihong Digital Industry Development Co., Ltd. The inputs reveal that he’s taking this step to further conduct his research on HarmonyOS operating system and expand the reach of this operating system for both consumer and industrial use cases.
Shenzhen Kaihong Digital Industry Development Co., Ltd. (Shen Kaihong) was established on August 26, 2021. This firm mainly focuses on the research and development of IoT operating systems. According to the listing, Shenzhen Kaihong has reportedly been seeing growth in HarmonyOS operating system in the industry.
The tech maker is one of the top contributors to the HarmonyOS operating system ecosystem and is committed to promoting high-tech companies in consumer IoT and Industry IoT businesses. There’s more, the firm is working closely with Huawei to promote HarmonyOS for the consumer market as well as for the industrial use cases.
If we dive more into this matter, we’ll get to know that Shenzhen Kaihong is a share holder-based firm that has participated in Hubble Technology, a wholly-owned company of Huawei Holding, an investment arm of Huawei.
This makes sense and Wang Chenglu’s participation in this company will further expand the reach of HarmonyOS, which could also be a major development to witness.
Wang Changlu joined Huawei in 1998 and served as initially as President of the Core Network Product Line. Then he took over the ICT software infrastructure. However, his major accomplishment includes being in charge of the HarmonyOS operating system, ecosystem and technology R&D, and lifestyle management.
Furthermore, he has been responsible for EMUI and consumer cloud solutions, as well as consumer cloud, covers for solutions such as 1+8+N. Currently, Huawei has not confirmed such news via its official channel but we’ll keep you posted.
(via – ithome)
Canada to ban Huawei from 5G: Report
Huawei has been under a lot of difficulties for the last three years due to U.S. sanctions, which have led to bans on its network equipment in different markets. However, despite various processes, Canada has now also shown its direction on this matter to ban Huawei from 5G development in the country.
According to the report coming from Reuters, Canada is planning to ban Huawei from its 5G network gear installation program citing national security risks without showing any of them.
The country is following the path of the Five Eyes intelligence-sharing group including five countries including the U.S., U.K., Australia, and New Zealand.
“We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in Ottawa. “Providers who already have this equipment installed will be required to cease its use and remove it under the plans we’re announcing today.”
Aside from this, the Canadian government has also laid down a deadline for carriers and network companies to remove their network 5G equipment by the year 2024. On the other hand, companies that use 4G equipment from Huawei will be required to remove the gear until 2027.
In 2018, Canada announce to review of the ongoing Huawei matter to adapt its network gear. Last, in 2018, Huawei’s Chief Financial Official is detailed Vancouver Airport.
regarding this matter, Alykhan Velshi, Vice President of corporate affairs for Huawei in Canada said with Canadian Broadcasting Corp that the company is still waiting to hear what sort of national security threats they think Huawei poses.
Adding to this, Velshi said, Huawei is completely operational in Canada and there are over 1500 employees in the country, most of them conduct research and development. Other than these, Huaewi continues to sell new products in the market.
Throughout the entire discussion, Huawei has been targeted by the different governments over political means but no one has not shown any sort of evidence against the Chinese tech firm.