News Snapshot:
November 23, 2020 News Centre News 0 Photo by VPales | Bigstockphoto.com SHENZHEN, China (Reuters) – Chinese handset rivals of Huawei Technologies including Xiaomi , Oppo and Vivo are making aggressive moves to seize market share from their giant rival after stepped-up US sanctions hobbled Huawei’s supply chains, industry insiders say. Last week Huawei said it had sold its budget Honor subbrand for an undisclosed figure in a bid to safeguard the latter’s supply chain from US action, which has made it difficult to source essential components. All the same, Huawei’s Chinese rivals smell blood in the mid-to high-end phone...
