News Snapshot:
Chinese smartphone brand Honor, formerly under Huawei Technologies Co, has pulled its team out of India, chief executive Zhao Ming said, as New Delhi continues to tighten its scrutiny of Chinese companies. Honor formed the team a few years ago, but chose to leave for “obvious reasons”, Zhao was quoted as saying during the company’s smartphone launch event on Thursday, in a report by state-run newspaper Securities Times . The Shenzhen-based company’s Indian business will remain in operation, managed by local partners, Zhao reportedly said, but the brand will adopt a “very safe approach”. Honor did not immediately respond to...
