Press "Enter" to skip to content

CHECK THE WIRE FOR LIVE UPDATES

Huawei is selling Honor phone business amid US sanctions

Last updated on November 18, 2020

Chinese telecommunications giant Huawei Technologies is selling its smartphone brand Honor to a consortium of more than 30 agents and dealers, according to a joint statement released on Tuesday signed by companies involved in the deal.

Huawei says the decision “has been made by Honor’s industry chain to ensure its own survival,” following “tremendous pressure” and “a persistent unavailability of technical elements needed for our mobile phone business.”

It is also seen as "unprecedented . . .

To continue reading, please subscribe. You will get

 

    • THE  WIRE  - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
    • IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
    • DETAILS - We bring you important details that you won't find elsewhere.
    • WEEKLY NEWSLETTER with Editors' Picks

GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top