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asia

Huawei Mulls Selling Its Premium Smartphone Business

By
Shai Oster
· · Source: Reuters

Huawei, the Chinese smartphone- and telecom-equipment maker hard hit by U.S. sanctions, is in talks to sell its premium smartphone brands to a consortium backed by the Shanghai government, Reuters reported. The sale, which may still not go through, would mark a further retreat for Huawei from its once hugely successful smartphone business. It has already sold off Honor, its budget brand of...

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