Huawei confirms Honor sale to a Shenzhen-based company


Key Topics in this News Article:

News Snapshot:

Huawei sub-brand’s Honor sale deal is now confirmed. In a , the company had announced the sale deal under enormous pressure. In the continuous trade tensions from the US for Huawei, the company has got no option other than to sell its Honor brand, which typically makes budget to mid-range smartphones for younger audiences. The company has further confirmed the ongoing tensions had made the firm lack technical elements to sustain their mobile business. Honor sale — Deal Huawei confirms its Honor sale to a new firm — Shenzhen Zhixin New Information Technology Co., Ltd. According to Reuters, it is...