Official News: Huawei Sold Honor Smartphone Brand. The US government recently issued an administrative order banning US investors from investing in enterprises under the control of the so-called Chinese military side.
Coronavirus, which has spread from the Wuhan city of China to the whole world, has caused a huge economic loss. So far, due to the worldwide lockdown, there has been economic loss, while till now China has always tried to hide its loss. But now the news of the ruin of sugar has started coming out. It is reported that Huawei, one of the largest telecom companies in China, has sold its mobile brand Honor after the loss.
According to reports, the deal between Huawei and Schengen has been finalized for $ 15 billion, which will help Honor’s channel sellers and suppliers overcome this difficult time. In the US, Huawei was prohibited from doing business with any American company due to the introduction of the Honor Smartphone in the circle of restrictions.
The company said in a statement, “Once sold to Honor, Huawei will not have any shares in it, Huawei will not be involved in any way in its business management or Huawei will have a decision on the new Honor company. Will have rights to take. Huwaei said that Honor’s industry chain has taken this step to maintain the company’s existence or to keep it running smoothly.
US pressure remains
The US government recently issued an administrative order banning US investors from investing in enterprises under the control of the so-called Chinese military side. In its discussion, the press spokesman of the Chinese Ministry of Commerce said on 16 November that China has made its stand clear on many times by the US to attack baseless Chinese enterprises. The US broke the facts and called China’s related enterprises an army-controlled enterprise, which has no basis. China strongly opposes this.