Huawei selling Honor phone brand in face of US sanctions
BEIJING – Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company. Huawei will retain its flagship Huawei smartphone brand. The buyer is a state-owned company in Shenzhen, the southern city where Huawei is headquartered, and a group of Honor retailers. Huawei, China’s first global tech brand and the biggest maker of switching equipment used by phone and internet companies, is at the center of U.S.-Chinese tension over technology, security and spying. Other Chinese smartphone brands such as Xiaomi, Oppo and Vivo operate without such restrictions.