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Technology

China's Honor bets on growth abroad despite smartphone slowdown

CEO says foldable phone market will grow '5 to 10 times' by 2023

Honor CEO George Zhao brushed off worries about component shortages, inflation and a slower economy, saying, "There is no such thing as a 'bad year' in the smartphone industry." (Photo courtesy of Honor)
CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents | China

TAIPEI -- China's leading smartphone maker, Honor, is venturing into 20 overseas markets in Europe, the Middle East, Latin America and Southeast Asia, marking an ambitious comeback attempt for the former Huawei unit after it spent more than a year focusing solely on the domestic market.

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