News Snapshot:
Huawei to sell Honor to Digital China, Shenzhen consortium for CNY 100 bln - report 14:34 CET | News Huawei plans to sell its budget smartphone band Honor for CNY 100 billion (USD 15.2 billion) to a consortium led by distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. The all-cash sale will include almost all assets including the brand, research and development capabilities, and supply chain management, the report said.