Hubble Investment

Hubble Investment (哈勃投资) is Huawei's corporate venture capital fund, established in April 2019 under the full ownership of Huawei and led by Bai Yi, then president of Huawei's global financial risk control center, alongside executives including Zhou Yongjie, chairman of HiSilicon, and Ying Weimin, former president of Huawei's wireless network R&D . The fund was created specifically in response to U.S. sanctions against Huawei, breaking founder Ren Zhengfei's long-standing "three no's" principle against equity investment . As of 2023, it had invested in roughly 100 companies across semiconductor chokepoints—EDA software, semiconductor equipment upstream components, photoresist, and other supply-chain vulnerabilities—with over 10 portfolio companies going public, including analog IC designer Maxic Technology and testing firm Skyverse in the first half of 2023 . Its mandate centers on building an "autonomous, secure, and controllable" industrial ecosystem for Huawei, with capital flows directed overwhelmingly toward chip semiconductor and terminal product supporting industries .