Huawei Hubble officially entered the private equity fund industry

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:

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.

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.

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)