This article only represents the author's own views.

What do you do when your traditional business as an original design manufacturer (ODM) for electronics makers is quickly reaching a saturation point? If your name is Huaqin Co. Ltd. (603296.SH), the answer is you diversify into the data center products. Now, this company is taking its hybrid ODM-data center show to Hong Kong, where it filed to make a second listing last week to complement its current listing in Shanghai.

Huaqin raised eyebrows in 2017 when it first announced its data center move, which marked a major departure from its traditional business of contract manufacturing for electronics brands. The move required not only substantial investment but also that Huaqin build a new client book from scratch.