Chinese smartphone company Honor gets new investors as it gears up for IPO

Published On Oct 30, 2024, 10:30 PM

Honor, a Chinese smartphone company and a spinoff of Huawei, is preparing for an initial public offering (IPO) after securing investments from new backers including China Telecom and several venture capital firms. The company is restructuring its shareholder base and intends to commence the IPO process soon. Honor is recognized for its innovative technology, such as foldable smartphones and AI capabilities in its operating system, and plans to leverage these advancements in its international sales strategy, which has seen significant growth.