CHINESE SMARTPHONE MAKER HONOR GETS INVESTMENT FROM CHINA MOBILE
- NEWS Desk Global
- Aug 23, 2024
- 1 min read
Chinese smartphone maker Honor said on Friday it has received an undisclosed amount of investment from China Mobile's parent company, as the former Huawei (HWT.UL) unit gears up towards an initial public offering (IPO).
Honor has been receiving an "unusually" high level of support from southern China's Shenzhen government, including funding for research and development and tax breaks. China Mobile's investment aims to leverage "synergistic advantages" in innovation across personal and home device markets.
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