Huawei, sells medical devices

  • 2020-08-27
1 Huawei: Serves 3,000 Healthcare Facilities

According to Huawei's website, Huawei, in collaboration of the National Telemedicine Center of China, has constructed teleconsultation systems in the isolated inpatient areas of 147 hospitals designated for medical treatment of COVID-19 in 18 prefectures and cities and 108 counties in Henan Province during the novel coronavirus epidemic in 2020.

2 Huawei: Sells medical devices

On April 1 this year, Honor Device Co., Ltd. invested by Huawei, was established with a registered capital of CNY 300 million.

What is the connection between this company and Huawei? According to the relevant provisions of China's Company Law, the parent company and the subsidiary are affiliated, and the assets of the subsidiary are actually controlled by the parent company. If the parent company owns 100% of the shares of the subsidiary, the parent company has full control over the financial and operational decisions of its wholly-owned subsidiary.

The company is wholly owned by Huawei Investment & Holdings, with Yu Chengdong, CEO of Huawei's consumer business, serving as chairman.

As a representative of domestic technology enterprises, Huawei has already begun to lay out its business in the medical field.
At the end of November 2019, iDeepWise Artificial Intelligence, invested by Hubble Science and Technology Investment Co.,Ltd., a wholly-owned subsidiary of Huawei, changed its business to sell Class I and II medical devices, computers, software and replication equipment.

At the end of March 2019, Huawei changed the company's business scope by adding medical device sales and other businesses.
According to tianyancha.com, Huawei Device Co., Ltd. changed the company's business scope by adding medical device (Class II) sales and other businesses.

According to the National Business Daily, Huawei responded to its entry into the medical device market that it would make devices connected to medical devices. On this basis, Huawei and its partners may provide supplementary health care solutions for the market.

It can be seen that Huawei has gradually extended its hands into hospitals and medical devices. Facing the epidemic, many automobile enterprises and machinery and equipment enterprises have begun to manufacture ventilators and medical instruments... As a representative domestic enterprise, what actions does Huawei continue to take in the field of medical devices?

(Excerpts from the article)

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