HUAWEI confirms sale of HONOR smartphone brand

HUAWEI has confirmed the sale of their HONOR smartphone brand to Shenzhen Zhixin New Information Technology Co., Ltd. jointly founded by Shenzen Smart City Technology Development Group Co. Ltd. and over 30 agents and dealers of the HONOR Brand, selling all of HONOR’s business assets and its decision-making capabilities. The move is a result of a long battle between HUAWEI and the US government, whose sanctions have been hurting HUAWEI’s business for over a year now.

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