Huawei Photo: CFP

The Joint Statement

 
 
Huawei reaches a deal with Shenzhen Zhixin New Information Technology Co, jointly founded by Shenzhen Smart City Technology Development Group Co and over 30 agents and dealers to sell its sub brand Honor.

The purchase is seen as unprecedented move that could bring a strategic win for Huawei amid an escalating US Crackdown that has cut chipset supplies and software restriction: analysts