Tsinghua Holdings

Tsinghua Holdings, formally Tsinghua Holdings Co., Ltd., is a fully state-owned limited liability corporation, solely invested by Tsinghua University, with a very wide range of subsidiaries in the technology industry in China. The claimed interests of the subsidiaries often overlap, and it seems that many are special-purpose vehicles created for managing small sets of acquisitions.

Company officials

Hu Haifeng (胡海峰), son of former CPC General Secretary Hu Jintao, was promoted in 2009 to the powerful role of CPC Secretary of the Tsinghua Holdings branch of the Communist Party; it was unclear in early 2014 whether he still held that role.

History

Tsinghua Holding was formed in 2003 in response to the 2001 policy of de-linking university-owned enterprises;[1] all the companies owned by Tsinghua University were merged into Tsinghua Holding, there was an auditing as to what property belonged to the companies and what to the university, and the university administrators withdrew from the administrative team of Holding.

Despite this delinking, Tsinghua Holding contributed 14% of Tsinghua University's R&D funds in 2006, by explicitly funding research projects at the university.

Subsidiaries

Chengzhi Shareholding

Chengzhi Co., Ltd was set up in Jiangxi province; its controlling shareholder is Tsinghua Holdings, and it was part of the corporate structure used in the acquisition of Shijiashuang Yongsheng Huatsing Liquid Crystal Co. [2]

Tsing Capital

Tsing Capital describes itself as the exclusive clean tech venture capital arm of Tsinghua Holdings.[3]

Tsinghua Tongfang Company

Tsinghua Tongfang Company is widely involved in consumer electronics and energy, with interests ranging from software outsourcing, through the manufacture of PC hardware, to the use of fly ash and the manufacture of LEDs. A particular field was the Nuctech Container Inspection System.

Tsinghua Unigroup

Tsinghua Unigroup is 51% owned by Tsinghua Holdings and 49% owned by Beijing Jiankun Investment Group; this latter group is controlled by Zhao Weiguo who is also chairman and CEO of Tsinghua Unigroup. In late 2013 it made two acquisitions (Spreadtrum and RDA Microelectronics) each of which involved a payment larger than its market cap, suggesting that it is acting on behalf of a fund elsewhere. This is believed to be part of a Chinese-government attempt to consolidate the fabless semiconductor sector.[4][5] In April 2016, Tsinghua Unigroup announced it accumulated a roughly 6 percent stake in Portland, Ore.-based Lattice Semiconductor through share purchases on the open market.[6] In Nov. 30, 2016 Tsinghua Unigroup Ltd. announced an agreement to form a joint-venture with ChipMOS Taiwan.

Unisplendour

Unisplendour was one of the components merged into Tsinghua Holdings when it was created; it was founded in 1988 and renamed Unisplendour in 1993. It now appears to be another conglomerate, doing everything from operating a hotel at the East Gate of Tsinghua University [7] to doing large-scale software development for municipal and provincial governments across China, constructing infrastructure for highways, and producing scanners, laptops and digital cameras .[8] In 2015, Unisplendour acquired 15% of Western Digital, expanding into the storage market as well.[9]

References

  1. ↑ Wong, Poh Kam (2011). Academic Entrepreneurship in Asia: The Role and Impact of Universities in National Innovation Systems. Edward Elgar. ISBN 978-1-84980-307-6.
  2. ↑ Liu, Chengwei (2010). Chinese Capital Market Takeover and Restructuring Guide. Kluwer Law. ISBN 9041132104.
  3. ↑ "About Tsinghua Holdings". Retrieved 2014-01-11.
  4. ↑ "China's Tsinghua Unigroup aiming to become powerhouse in smartphone chips". www.fiercewireless.com. Retrieved 2014-01-11.
  5. ↑ Junko Yoshida. "Merger Pits Mysterious Tsinghua Unigroup vs. MediaTek". www.eetimes.com. Retrieved 2014-01-11.
  6. ↑ By Eva Dou and Robert McMillan, The Wall Street Journal. “China’s Tsinghua Unigroup Buys Small Stake in U.S. Chip Maker Lattice.” April 14, 2016. April 15, 2016.
  7. ↑ "Tsinghua Unisplendour International Center Beijing". Retrieved 2014-01-11.
  8. ↑ "Unisplendour Corporation Limited". Retrieved 2014-01-11.
  9. ↑ "China's Tsinghua to buy Western Digital stake in U.S. tech push". Retrieved 2015-09-30.
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