Monday, November 16, 2020

Huawei selling Honor brand to agent-dealer consortium to keep smartphone unit alive

Huawei is selling its budget brand smartphone unit Honor to a consortium of over 30 agents and dealers in a bid to keep it alive. The deal comes after U.S. government sanctions have restricted supplies to the Chinese company on grounds the firm is a national security threat - which it denies. https://ift.tt/2IDx9BD
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Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after raising ~$727M, the latest Hong Kong AI IPO (Sangmi Cha/Bloomberg)

Sangmi Cha / Bloomberg : Chinese optical transceiver maker Ligent jumps 19% in its Hong Kong debut, giving it a ~$4.6B market cap, after ...