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The
United States, which alleges that Huawei's equipment could be
used by Beijing for spying, has imposed sanctions on the company
that have cut off its supplies of many overseas chips and
effectively barred it from building its own. Huawei has
repeatedly denied these allegations.
It did not immediately respond to a Reuters request for comment
on Wednesday.
Habo Investments, set up by Huawei in April 2019, registered
with the Asset Management Association of China as a private fund
manager on Jan. 14, according to an official record, enabling it
to seek investors from outside the company.
The newly-registered fund platform has yet to roll out any
products.
But with three billion yuan ($472.29 million) in registered
capital, Habo has closed at least 20 deals for stakes in Chinese
tech companies since its establishment, public records showed.
Its latest investment target is Shenzhen-based Kaihong, which
specialises in offering operating systems for the Internet of
Things. Last week, Habo invested 100 million yuan in Kaihong for
a 20% stake.
Habo was established in response to what Huawei's rotating
chairman, Guo Ping, in 2020 described as "suppression" by the
United States.
Most of Habo Investment's deals have been in chip-related
Chinese start-ups, a few of which have become part of Huawei's
supply chain.
In December, Huawei's rotating chairman Guo Ping told employees
that the company expects 2021 revenue to decline nearly 30% to
634 billion yuan ($99.48 billion).
($1 = 6.3520 Chinese yuan renminbi)
(Reporting by Selena Li; additional reporting by David Kirton;
editing by Barbara Lewis)
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