Following reports of Honor’s imminent sale, parent company Huawei has made the news official. With US restrictions severely limiting Huawei’s telecom consumer and commercial businesses, the company had to resort to selling off its secondary smartphone brand: Honor (known as “Glory” before translating).
At a difficult time when industrial technology elements are unsustainable and consumer businesses are under tremendous pressure, in order to allow Honor channels and suppliers to continue, Huawei Investment Holding Co., Ltd. decided to sell the entire Honor business assets. The purchaser is…
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