Huawei To Sell-off Assets From Its Sub-brand Honor Smartphone Business

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

Huawei Technologies Co Ltd is apparently in talks with Digital China Group Co Ltd and other companies to sell off parts of its sub-brand Huawei smartphone unit.

Honor offered a range of pocket-friendly yet stylish and effective smartphones aimed mainly at young consumers. Although it would be wrong to deny that Honor smartphones’ sales, even now, are moderately high, Huawei’s drastic decision comes from a place where the company needs to rethink its business strategies. Apparently, the deal that is currently in motion could fetch up to 25 billion yuan for the Chinese smartphone giant, Huawei.

Also Read

As mentioned earlier, the decision comes from a place that requires the brand to stay afloat especially after the US declared a drastic ban on the company. The company has decided to shift its focus and now is engaged in resettling its priorities. The Chinese brand will now focus on its higher-end Huawei phones rather than spending time and money behind its affordable sub-brand Honor.

This decision might seem to be processing too fast. Still, Huawei and the other companies engaged in this negotiation have yet to decide which particular assets are to be sold off. However, it has come to light that the assets could include Honor’s brand, research and development capabilities and related supply chain management business.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

Reportedly, the deal could be an all-cash sale and could end up below the economical margin proposed by Huawei. The deal could end up being worth somewhere between 15 billion yuan and 25 billion yuan.

In this trade-off, the company, Digital China, the main distributor for Honor Phones, has emerged as the frontrunner, but other buyers also include the names such as the Chinese electronics maker TCL and of course, its rival smartphone maker Xiaomi Corp. None of the companies has mentioned anything officially regarding this trade-off deal.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.



- Advertisement -
- Advertisement -


Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.


Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.


OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.


- Advertisement -
- Advertisement -
ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online Realme GT Neo 5 Full Specs Revealed  Samsung Galaxy S23 Ultra: The New Android King Twitter To End Free API February 9 MLS Season Pass Now Available On Apple TV App Tesla To Increase Giga Shanghai EV Production to 20,000 Weekly 
OpenAI Releases Tool To Detect AI-generated Text Tesla Records Double Net Profit in 2022 India to Produce Upcoming iPhones: Trade Minister Japanese Professor Developed A Power Semiconductor made of Diamond Google Releases New Product for India’s Merchants Indian EV Startup Unveil Two AutoBalancing Electric Scooters OPPO Find X6 Pro Images Render via Weibo Sony Develops New Tech to Reduce Noise of Image Sensors