Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters
Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters

Huawei sells Honor to ensure budget smartphone brand’s survival amid US sanctions

  • Huawei has sold its Honor budget smartphone business to a consortium of over 30 agents and dealers called Shenzhen Zhixin New Information Technology
  • The Chinese telecoms giant will not hold any shares or be involved in Honor’s future business management or decision-making activities after its sale, it says

Topic |   Huawei
Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters
Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. Photo: Reuters
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