The business details questions platform Qichacha just recently revealed that Honor Device Co., Ltd. has actually included info concerning nearly 700 hallmark transfers Huawei was the business noted as the transferor and the hallmarks consist of Honor Pro-choice and Honor. The global category of hallmarks includes clinical instruments, furnishings and clothes.
Honor is a smart device brand name introduced by Huawei in 2013 and is targeted at a more youthful generation of customers. Honor’s smart device items are divided into V series, Honor series, X series and Play series. Aside from mobile phones, Honor is likewise buying Artificial Intelligence of Things (AIoT). In the smart device service, Honor utilized to be a vital part of Huawei.
According to the mediat outlet CHNFund, individuals acquainted with the matter have actually stated that Huawei’s confrontation with the United States federal government has actually seen its effects resound to Honor’s providers, production factories, and circulation channels.
On November 17, 2020, Huawei provided a declaration stating that in these hard times when commercial innovation components are unsustainable and its customer company is under fantastic pressure, Huawei chose to offer the Honor brand name. Shenzhen Zhixin New Information Technology Co. was the getting business.
According to the declaration, Huawei will not hold any shares in Honor after the sale, nor will it take part in operations or management. 9 days after Honor’s separation from Huawei, Huawei creator Ren Zhengfei pertained to bid goodbye to Honor and motivated it to accept globalization and end up being Huawei’s greatest rival in the future.
Later in the very first half of 2020, Honor has actually formally altered from a sub-brand to an independent business. In April, Honor Device Co., Ltd. was developed, and its legal agent is Zheng Liying. Honor Device Co., Ltd. is now 100%managed by Shenzhen Zhixin New Information Technology Co., Ltd.