Alibaba and Xiaomi invested in Hengxuan Technology, a leading domestic TWS wireless headset chip company

According to Tianyancha data, on July 12, Hengxuan Technology (Shanghai) Co., Ltd. underwent a number of industrial and commercial changes. Alibaba (China) Network Technology Co., Ltd., Hubei Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership) and others simultaneously invested in the company.

Founded in 2015, Hengxuan Technology is a SoC chip developer. Its main products are audio system-level chips with WIFI/BT wireless connections. They are characterized by high integration, low power consumption and high performance. Their products are widely used in mobile handheld, smart hardware, consumer electronics and other fields.

The amazing performance of Apple's wireless earphones AirPods made TWS Bluetooth earphones popular overnight. TWS (True Wireless Stereo) Bluetooth earphones quickly became the darling of the market. However, due to Apple's patents, it is difficult for chip and solution providers to break through. Hengxuan Technology is one of the few chip manufacturers in China that has achieved a breakthrough and entered the wireless earphone supply chain of Huawei, Meizu and other companies.

According to third-party data, global shipments of true wireless earphones reached 65 million units in 2018, 100 million units in 2019, and 150 million units in 2020. 60% of these are high-end earphones with brand added value. At the same time, true wireless earphones will continue to erode the traditional wired earphone market, and the entire industry has hundreds of billions of dollars of growth space.

As the leading domestic TWS wireless headset chip manufacturer, Hengxin's BES2000 chip is highly regarded in mid-to-high-end TWS Bluetooth headset solutions. The performance of the wireless headset products introduced into Huawei is very good. Hengxin has also become a major shipper of TWS Bluetooth headset chips. With the development of the market, there will be greater room for development.