The Chinese company Huawei has confirmed rumors about the sale of the Honor brand. According to the deal, Shenzhen Zhixin New Information Technology became the main owner, which received 98.6% of the shares. The appearance of information about the sale of Honor caused concern among the owners of the devices of the Chinese manufacturer. But the company quickly reassured everyone.
Shenzhen Zhixin New Information Technology will maintain the supplier ecosystem. Approximately 7,000 people from Huawei will move to new jobs.
Ordinary users will not feel any special changes. All accounts will continue to operate. Magic UI software updates will also be coming out.
Future Honor phones may come pre-installed with Google services
The company said that customers would have no problem with after-sales service. They will be able to enjoy all services as before, but new products will be serviced through Honor’s own service system.
One of the main questions concerns Google Mobile Services. Since May 2019, Huawei has been under sanctions and cannot release smartphones with new hardware and Google services.
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The company will not own any shares of Honor and will not participate in decision-making. In this regard, there is a possibility that in the future we will be able to see Honor smartphones with pre-installed Google services.
Huawei Sold Honor: The Latter Will Act As An Independent Brand
This morning, a number of companies issued a joint statement. It turns out that Shenzhen Zhixin New Information Technology Co., Ltd. has signed an acquisition agreement with Huawei Investment Holdings Co., Ltd. According to the contract, it acquired the Honor brand. After the sale, Huawei no longer holds any shares in the new Honor company.
According to a report from the Financial Times, a person close to Honor said that the current employees of Honor have not changed much. Most employees signed the labor agreement with Honor Terminal when they entered the company. And some employees may have to re-sign if they did not.
The person also said, ‘It feels like there will be a transition period. It is not easy to separate from Huawei. It is expected that Huawei’s software and hardware research and development will also be allocated a lot. Otherwise, Honor is just an independent brand and lacks technology.’
