Huawei Investment & Holding’s registered capital increased by 6.62%

Recently, Huawei Investment & Holding has been undergone some business changes and recorded and a 6.62% increase in registered capital of the company, says a report. Now, the company’s registered capital has reached 38.663 billion Yuan from 36.450 billion Yuan.

It’s reported that Huawei Investment & Holding was founded on 14th March in 2003. The company’s Labor Union Committee and founder of Huawei Technologies- Ren Zhengfei jointly owns this company. To be mentioned, the labor union committee holds the largest shares meanwhile Ren Zhengfei only contains 0.94%.

With Zhao Minglu as the legal representative, its business areas are classified as foreign business investment management, training and consulting, IT service, self-owned housing, and others.

Known as the communication queen, Zhao Minglu enter Huawei in 2010. At present, she has been taking care of many subsidiaries of Huawei including HiSilicon.

Recent Huawei Insights:

IC Chip shortage is the major concern for Huawei, if it hasn’t been solved on time the experts are expecting the company to give up on its smartphone business. However, in a recent meeting, Huawei’s rotating chairman stated that it will not abandon its smartphone business and will try every means to survive.

The Beijing court refused the appeal of Huawei to approve the Chinese name of HarmonyOS. It’s the second time when Huawei got a rejection for the Hongmeng trademark name. On the other hand, the company sues PanOptis with 99 million Yuan claiming for breaching the patent right. (Read Full Story Here)