Huawei’s Hubble Investment Registered as Private Placement Manager

On Wednesday, the website of the Asset Management Association of China shows that Hubble Technology Investment Co., Ltd., a subsidiary of Huawei, completed the registration of private equity fund managers on January 14, 2022. Hubble Investment now belongs to private equity and venture capital fund managers.

Completion as private fund manager means that Huawei’s Hubble Investment is now officially engaged in the private fund industry and will release products to raise money from individuals and institutions.

According to TianYanCha.com, a business information inquiry platform, Hubble Investment is wholly owned by Huawei Investment & Holding. Among them, the Trade Union Committee of Huawei Investment & Holding accounts for 99.25% of the shares, and Ren Zhengfei, founder of Huawei, accounts for 0.75% of the shares.

Hubble Investment has been preparing for its move into the private equity industry since late last year.. On November 5, 2021, Hubble Investment made several changes in its registration forms with the Industrial and Commercial Administration. It first changed its name from “Hubble Technology Investment Co., Ltd.” to “Hubble Technology Venture Capital Co., Ltd.”, and then changed its business scope into venture capital business, private equity investment fund management, and venture capital fund management services.

Since its establishment in 2019, Hubble Investment has worked within chip manufacturing, automotive electronics, 5G, and other businesses, all of which are a part of Huawei’s core businesses. Its business focuses on the field of integrated circuit semiconductors, involving chip design, EDA (Electronic Equipment Automation), packaging and testing, semiconductor materials and equipment and other ventures.

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Since its establishment, Hubble has invested in 3Peak Incorporated, a company that is involved in analog chips. Later, the company invested in North Ocean Photonics, Haoda Electronic and other enterprises focusing on materials, optoelectronic chips and other fields.

From the end of 2020 to 2021, Hubble invested in Jiutongfang Microelectronics and LEDA Technology to complete its layout of the EDA field.

Since then, Hubble’s investment has shifted to the field of semiconductor equipment, investing in RSLaser Opto-Electronics Technology, a photolithography light source system provider, and also investing in JFH Technology and Jingtuo Semiconductor. Hubble also laid out semiconductor raw materials, invested in Beno Electronics and Suzhou Ginet, and invested in RF chip company Radrock.