Huawei Said to Sell $15-Billion Honor Unit to Digital China-Led Consortium

Huawei plans to sell budget-brand smartphone unit Honor in a CNY 100 billion (roughly Rs. 1,12,100 crores) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters. The plan comes as US restrictions on supplying Huawei force the world’s second-biggest … Read more