Huawei said to be in talks to sell parts Its Honor Smartphone Business

Huawei said to be in talks to sell its Honor Smartphone business including as the company has started resetting its priorities in the face of US sanctions and will focus on its higher-end Huawei phones. The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business. The deal could fetch upto CNY 25 billion (roughly Rs. 27,233 crores), people said

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