A short time ago, it was announced that the Huawei had already sold its subsidiary Honor for a joint venture between Digital China (Honor's device distributor) and the government of Shenzhen (Chinese city). However, through a spokesperson, Huawei denied that the sale of Honor had actually taken place and said that it was nothing more than a rumor. According to previous reports, the sale of the subsidiary would be for around 100 billion Yuan, the equivalent of R$85 billion.
Even without evidence, the accusation that the company would provide information about the American people to the Chinese government was a blow to the company's credibility. In addition, we cannot forget the lack of Google's mobile apps and services.
Many believe that with the recent bans on American soil, the company has seen a decline in the international market. However, a recent survey revealed that the brand has more than 50% of the smartphone market. 5G in China. With the Joe Biden's victory in the US elections, the possible sale of Honor could be re-evaluated by Huawei.
Huawei denies rumors about selling Honor (Image: Karlis Dambrans/Flickr)
Thus, many experts claim that this separation would be good for both Huawei and Honor. Thus, the sale could be made with the aim of not causing both to sink together. On the other hand, many believe that the brand should not abandon its subsidiary. But one thing is certain: Huawei needs to take the final step to complete the deal or not. At least for now, the company denies any sale of Honor.
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