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To ease US sanction pressure, Huawei sells consumer smartphone brand

November 17, 2020


Huawei has confirmed that it has made an agreement to sell its consumer smartphone brand Honor and related business, in a move that has been hinted at since continued U.S. trade restrictions have put substantial constraints on the Chinese telecom vendor. While financial details have not yet been disclosed, Chinese media groups have reported that is the buyer is Shenzhen Zhixin New Information Technology Co., a company controlled by Shenzhen Smart City Development Group.

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