Huawei registered a real estate company with $208 million capital

Today, a related source from the industry confirmed that Huawei has established a new real estate company with a registered capital of 1.5 billion yuan (about 208 million USD).

The description of the company is categorized as housing leasing, non-residential real estate leasing, and park management services.

The latest input is coming from Chinese media and shows that the company is looking to start the construction and management of the internal business and it is not for external real estate or third-party business. At least for the time being.

Currently, Huawei has not published any official details on forming a real estate company. However, we’ll keep you posted on all of the development.

(via – ithome)