Honor, the budget smartphone brand being sold by Huawei Technologies, should embrace international partners and aim to challenge its former parent company, Huawei founder and CEO Ren Zhengfei said.
Huawei set up the sale of Honor earlier this month as the telecom giant struggles to survive U.S. sanctions that cut off its supplies of advanced chips. On Nov. 17, Huawei said it signed an agreement to sell all of Honor's business assets for an undisclosed amount to Shenzhen Zhixin New Information Technology, a company backed by a consortium of more than 30 agents and retailers, including companies affiliated with Huawei's hometown government of Shenzhen.
