Exclusive: Huawei in talks to sell parts of its Honor smartphone business - sources

FILE PHOTO: Huawei's new Honor 20 smartphone is seen at a product launch event in London, Britain, May 21, 2019. REUTERS/Peter Nicholls/File Photo

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said. The Honor brand was established by Huawei in 2013 but the business mostly operates independently from its parent.Kuo Ming-chi, an analyst at TF International Securities, has said that any sale by Huawei of the Honor smartphone business would be a win-win situation for the Honor brand, its suppliers and China’s electronics industry.

In May, Washington announced new rules aimed at constricting Huawei’s ability to procure crucial chips that it designs for 5G networking gear and smartphones. But margins for lower-end phones can be razor thin, and Honor booked less than 5 billion yuan in net profit on revenue of about 70-80 billion yuan last year, said one of the people.

So what happens when a Huawei in Alibaba team up to like game set PayPal like I'm not beholden to us interests just to make that really clear y'all playing games with people's minds and I don't do that I play fair I played direct and I'm honest

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Exclusive: Huawei in talks to sell parts of its Honor smartphone business - sourcesHuawei Technologies Co Ltd is in talks with Digital China Group Co Ltd and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said. 1、批量关键词优化推广，7天上万关键词优化到搜索引擎首页； 2、各类百科词条创建、编辑，8年经验，一手团队。 3、seo服务，网站问题诊断，专门解决不收录、k站、关键词快速排名问题； 4、高权重论坛博客发帖，新闻发布，新媒体运营，营销效果杠杠的； 电话微信同号：15716807771 Would you employ a graduate in mass communication 🚫💩🇨🇳
Source: Reuters - 🏆 2. / 97 Read more »