Huawei sells Honor to ensure budget smartphone brand’s survival amid US sanctions

//Huawei sells Honor to ensure budget smartphone brand’s survival amid US sanctions

Huawei sells Honor to ensure budget smartphone brand’s survival amid US sanctions

Huawei Technologies has sold its Honor budget smartphone business to a consortium of over 30 agents and dealers, according to a statement released on Tuesday morning on its official website.The Chinese telecommunications giant will not hold any shares or be involved in any business management or decision-making activities in the new Honor company after its sale to the consortium, Shenzhen Zhixin New Information Technology, according to the statement.The deal comes after the US imposed tighter…

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By | 2020-11-17T01:15:05+00:00 November 17th, 2020|Technology|Comments Off on Huawei sells Honor to ensure budget smartphone brand’s survival amid US sanctions