Tech giant Huawei to sell Honor brand to ensure survival of supply chain

Huawei has signed a deal with Shenzhen Zhixin New Information Technology Co., Ltd. to sell all business assets related to its Honor mobile phone brand to over 30 agents and dealers of the Honor brand, according to the company’s statement on Tuesday. The deal, first proposed by the over 30 agents and dealers, has been made by Honor’s industry chain to “ensure its own survival,” according to the statement, and is expected to help Honor’s channel sellers and suppliers through the tough time. The change of ownership will not impact…

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