Huaqin Communication Technology is a China-based electronics production services provider and original design manufacturer that designs and produces communication and mobile devices. Founded in 2005, the company provides design and manufacturing services for mobile and communications equipment. The article reports Huaqin raised more than RMB1 billion (about $143m) in a financing round. That round valued the company at more than $2 billion. Investors named in the deal include Intel Capital, Qualcomm Ventures, Zhangjiang Hi-Tech, brokerage CMSC, CMB International and China Merchants Bank, as well as SinoKing Capital, Wise Road Capital and SummitView Capital. The article does not provide additional operating metrics or describe future plans. Huaqin Telecom is a Shanghai-based global original design manufacturer whose product lineup includes smartphones and tablets and extends to notebook computers, servers and Internet of Things devices. Led by President Vincent Qiu, the company serves global customers across multiple hardware categories. It received US$136M in a Series A financing to support its strategic initiatives. Huaqin plans to use the proceeds to develop its notebook computer and data center businesses, accelerate manufacturing automation and enhance vertical industry integration. Management says these moves are intended to bring added value to customers and expand its offerings beyond mobile devices. The company’s global footprint and product diversification position it to pursue growth across consumer and enterprise hardware segments.

Total raised

$277M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2019