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

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 👇🏼

TechnoSports 🔥 Stay Updated

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.

More like this

Vivo X200s

Vivo X200s Officially Teased: Launching in April alongside X200...

Vivo has officially teased the design and launch of its upcoming flagship Vivo X200s, which is set...
Vivo Y300 Pro+ Unveiled with 6.77″ FHD+ 120Hz OLED, & Snapdragon 7s Gen 3

Vivo Y300 Pro+ Unveiled with 6.77″ FHD+ 120Hz OLED,...

Smartphone enthusiasts, get ready! vivo is making waves with the highly anticipated launch of the Y300 Pro+...

Vivo Y300 Pro+ and Y300t Debut with Huge Batteries...

Vivo has officially launched its latest Y-series smartphones in China, introducing the Y300 Pro+ and Y300t, both...
Vivo Y39 5G India Launch: Price, Specs, and Everything You Need to Know

Vivo Y39 5G India Launch: Price, Specs, and Everything...

Vivo is gearing up to launch its latest Y-series smartphone in India—the Vivo Y39 5G—which debuted in...

Vivo V50e Set to Launch in India with Dimensity...

The Vivo V50e is gearing up for its India launch. Earlier this week, MySmartPrice exclusively revealed details...

LATEST NEWS

MS Dhoni and Vijay Shankar’s IPL Records: Analyzing the CSK vs DC Match IPL 2025

CSK vs DC Match IPL 2025: In the ever-evolving landscape of the Indian Premier League (IPL), the 2025 season has already thrown up some...

MI Coach Breaks Down Tilak Varma’s Retired Out Decision, Says It Was All About Freshness

In a move that sent shockwaves through the cricketing world, Mumbai Indians’ head coach Mahela Jayawardene made a bold decision that left fans and...

IPL 2025: IPL Teams with Most Wins While Chasing Runs

IPL 2025 : When it comes to chasing targets under pressure, few teams have mastered the art like the Kolkata Knight Riders (KKR). The...

Barak FC Crowned Inaugural Nagaland Super League Champions After 3-1 Win Over Longterok FC

Barak FC : Barak FC has etched its name in the history books by becoming the first-ever champions of the Nagaland Super League (NSL),...

Featured