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Huawei forced to sell smartphone brand Honor amid difficult times

Shortpedia

Content Team
Image Credit: Shortpedia

Amid the difficult times that have emerged due to the ongoing economic crisis, Chinese technology giant Huawei has sold off all assets of its smartphone sub-brand Honor to Shenzhen Zhixin New Information Technology Corporation Limited. Huwaei said the decision was taken to help sellers and suppliers overcome the commercial crisis. The Chinese technology giant said it was under “tremendous pressure as of late”.