The supply chains of Chinese telecoms giant Huawei have been crippled by U.S. sanctions over the past couple of years. Now it’s fighting back at home, thanks in part to an investment spree carried out by its wholly-owned fund, Hubble Technology Venture Capital.
At The Wire, we periodically look at prominent firms investing in China, examining their management teams and investments. So far, we’ve featured Yunfeng Capital, Hillhouse Capital, IDG Capital, and 5Y Capital. This week, we take a look at Hubble Technology and how it’s helping Huawei invest its way out of its financial woes.
HUBBLE: A BRIEF HISTORY
Hubble Technology was founded in April 2019, a month before the Trump administration put Huawei on the Commerce Department’s entity list, barring U.S. firms from doing business with the company. The fund’s size hasn’t been disclosed, but it has registered capital of $3 billion RMB ($470 million), according to Asset Management Association of China reco
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