With this injection, Shenzhen Habo Technology Investment Partners, founded in 2021 by Huawei and Habo Investment, announced last Thursday that it will increase its registered capital from the previous 7 billion yuan, according to data from Chinese business registration platform Tianyancha. The amount was increased to 7.98 billion yuan (US$1.1 billion).
Huawei did not immediately respond to a request for comment on Monday.
Privately held Huawei’s latest capital injection plan could be a harbinger of an increased pace of new investment this year, the company estimates. Sales increased by 9% in 2023 Sales reached 700 billion yuan compared to the previous year, due to high demand for new 5G smartphones and various initiatives to diversify revenue sources.
An undated file photo shows signs for Huawei Technologies and venture capital arm Habo Investment. Photo: SCMP
Venture capital arm Habo made just nine deals last year, compared to a peak of 37 different investments in 2021, according to a recent report by Chinese consultancy ITJuzi.
Last year, Habo focused on the following areas: semiconductor, Enterprise Services and New Materials, ITJuzi data showed. Portfolio companies include Peifengtunan, an electronic design automation software provider, and Open Valley, a company that facilitates enterprise adoption of Huawei’s self-developed software. harmony OS mobile operating system.
As of the end of last year, Habo had made a total of 97 investments. startup companies In the semiconductor industry, according to ITJuzi data. Deal-closing efforts extend to enterprise services and medical technology.
Huawei expects sales to increase 9% in 2023 due to return of Mate 60 Pro 5G
Nearly four in five Habo deals were in advanced manufacturing. One of his invested startups, photoresist company Fuyang Xinyihua Materials Technology, has become a unicorn with a valuation of over US$1 billion.
Huawei is doing well with its comeback in the high-end 5G device market after launching its 5G device last year. Mate 60 Propowered by an advanced in-house processor. Kirin 9000 series.
The Shenzhen-based company’s AI chip, Ascend 910Bemerging as an alternative to US companies Nvidia‘s popular A100 graphics processing unit is prohibited from export to China.
Total investment by internet Giants such as Alibaba and Tencent Baidu According to ITJuzi data, the number of transactions in 2023 decreased by nearly 40 percent from the previous year to 102. Alibaba owns the South China Morning Post.
