Huawei sells budget phone unit Honor to state-backed firms, distribution partners
After weeks of rumors, Huawei confirmed it is selling Honor to a consortium of companies, including government-backed firms, Honor’s distribution partners and suppliers, in a move to save its budget phone brand from U.S. pressure. The decision was announced in a joint statement released Tuesday morning in a local Shenzhen paper. Once the transaction is … Continue reading Huawei sells budget phone unit Honor to state-backed firms, distribution partners
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