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Hikvision gets $3.1 billion

December 16, 2015Martha Entwistle

HANGZHOU, China—Video surveillance provider Hikvision, based here, has secured a new $3.1 billion line of credit, $1.5 billion of which is earmarked for investment outside of China, while $1.6 billion is for use inside of China, Jeffrey He, president Hikvision USA and Hikvision Canada, told Security Systems News.Hikvision may use all or part of the funds in a variety of ways—as bonding for large projects, for R&D or for potential acquisitions, but Hikvision definitely has its eye on “diversification,”...

China Development Bank, Hikvision, Jeffrey He