News Snapshot:
Several media reports in China are stating that the Chinese smartphone maker Honor, previously a sub-brand of Huawei, will be pulling its team in India. A report in the South China Morning Post cited another report in a state-run publication citing Honor’s CEO confirming the move. At a launch event in Shenzhen on Thursday, CEO Zhao Ming was cited as saying that the company is leaving India for ‘obvious reasons’. Ming stated while Honor’s India business will be managed by local partners, the company will take a ‘very safe approach’. Honor, a former sub-brand of Huawei, was sold by its...
