Phone business

Huawei sells Honor phone business as US sanctions bite

HONG KONG—China’s Huawei Technologies Co. has moved to shore up its US sanctions-damaged business by selling off-price smartphone brand Honor to a state-run consortium. The Chinese telecommunications company announced on Tuesday that it will sell Honor to a new company that records show is majority-owned by a government unit in Shenzhen, the southern Chinese city […]

Phone business

Huawei sells Honor’s phone business to ‘ensure its own survival’

The Honor’s View 20 phone, released in 2019, is selling in the UK, Europe and other countries outside of Asia. Angela Lang/CBS Huawei is considering selling the Honor smartphone unit to a consortium of buyers in a bid to ensure its survival amid crippling US sanctions, according to a statement late Monday. “The acquisition represents […]