HUAWEI will sell its HONOR smartphone business to a consortium led by Digital China, a handset distributor and Shenzhen government for about 100 billion yuan ($15.2 billion approx.), according to a new Reuters report. The all-cash sale will include almost all assets including 7,000 staff, R&D capabilities and supply chain management, adds the report. Last … Continue reading "HUAWEI may sell HONOR smartphone business to Shenzhen govt, others for $15 billion"
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