Tuesday, August 16, 2022

Vivo spends $182 million to build its new Headquarter in Shenzhen, China

- Advertisement -

Vivo is one of the most common names in the smartphone market for making products of every price range. This company initiated building its new office in Shenzhen, China. They planned to make this as their headquarter in the future and at the site, it alone spend 180 million USD.

The new office will of a 32 story building and scheduled to complete it by 2025. The responsibility to make this project is given to NBBJ, a US architectural firm. This firm has the records of designing the Samsung’s Silicon Vally campus as well as the Amazon Spheres in Seattle.

The under-construction building will give shelter to the company’s flagship store, keep 5,800 employees, and also there will be indoor gardens on every floor.

Shenzhen_TechnoSports.co.in
Image – South China Morning Post

To boost the construction work and the financial fluency, Vivo gets the support of Tencent Holdings and ByteDance as a major investor. Among them, Tencent already contributed 1.2 billion USD to the campus and Vivo itself spends 1.3 billion Yuan on it. This amount is equivalent to 182 million USD.

“What we’ve seen now is part of a natural life cycle of these companies where they’ve outgrown their current facilities, and they need new ones to operationally support their growing global each. It’s increasingly rare in the US for companies to build their individual headquarters campus, and you still see it in Asia.” – Robert Mankin, NBBJ official.

Source

Do Check Out 👇🏼

- Advertisement -

TechnoSports 🔥 Stay Updated

- Advertisement -
spot_img
Anupam Modak
Anupam Modak
A CS Engineer and Tech Enthusiast who likes to fiddle with the latest gadgets and tech happenings around the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Bitdefender WW

More To Consider

Stay Connected

13,642FansLike
62FollowersFollow
171FollowersFollow
Ajio [CPS] IN

Hot Topics

spot_img

Latest Articles

Trending

Bigrock [CPS] IN

Featured

Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add technosports.co.in to your ad blocking whitelist or disable your adblocking software.

×
%d bloggers like this: