Huawei has established an internal real estate company with an investment of 1.5 billion yuan. It plans to only develop internally and not expand its real estate business externally.

According to industrial and commercial information, Huawei established Dongguan Tangya Industrial Investment Co., Ltd. on August 7 with a registered capital of 1.5 billion yuan. It is mainly engaged in housing leasing, non-residential real estate leasing, and park management services.

According to the Securities Times, people familiar with the matter said that the company is mainly responsible for the construction and management of supporting talent rooms in the park. There is no external expansion of real estate business attributes.

At the 5th China Commercial Real Estate Brand Value Forum, Wang Wenting, Huawei’s China Commercial Real Estate Solution Director, said that Huawei hopes to create new opportunities for customers through the combination of its own products and partners, as well as its product portfolio. The construction real estate industry offers more construction. Huawei's vision is to realize smart construction and shape a better future. Wang Wenting also mentioned that Huawei has provided services to more than 200 commercial real estate customers

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