Vivo, China’s no.2 smartphone brand is blowing some money on a new massive 32-story building in Shenzhe. The smartphone maker will make the massive building its new headquarters. It’s scheduled for completion in 2025 and will house 5,800 workers.
NBBJ, the architectural firm behind the building says it will have a flagship store, indoor gardens at every level and a spiraling exterior with self-shading glass. NBBJ is a well-known architectural firm and has led construction of Samsung’s Silicon Valley campus, and Seattle’s Amazon Spheres. Besides that, they have also worked for Alphabet Inc.’s Google and Alibaba Group Holding Ltd. affiliate Ant Group.
Like other Chinese tech giants who have invested heavily in building new workplaces, vivo paid 1.3 billion yuan ($182 million) for the site.
At the same time, Oppo, is also building some new headquarters in Shenzhen. Like vivo’s, Oppo’s HQ is also expected to be finished in 2025.
Some analysts suggest that a building boom precedes an economic crash, but NBBJ has a different opinion. In response to Bloomberg, NBBJ partner Robert Mankin said, “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 reach.”
“It’s increasingly rare in the U.S. for companies to build their individual headquarters campus, and you still see it in Asia.”