Huawei founder urges Honor subbrand to become a competitor post split

The full version of the article, along with thousands like it, can be found on the following page: Huawei founder urges Honor subbrand to become a competitor post split

Huawei founder Ren Zhengfei called on employees of its own departing Honor sub-brand to strive to surpass its parent in a farewell address as the tech giant sells the funding brand to keep its sanction-hobbled supply chains alive.

Huawei Technologies said earlier this month it would sell Honor to a different thing called Shenzhen Zhixin New Information Technology, made up of its own representatives and dealers, so that it might resume sourcing components currently limited by US sanctions.

The US government says Huawei Technologies is a national security threat, a claim the company denies.

"Wave after wave of severe US sanctions against Huawei has led us to finally understand, certain American politicians want to kill us, not just correct us," Ren said, according to a speech posted on a Huawei worker forum on Thursday.

While Huawei could overcome the difficulties, "millions" of employees at Honor's agents and distributors around the world could lose their jobs as revenue channels dried up, Ren's address said.

"We don't have to drag innocent people into the water just because we suffer," he explained.

Honor-brand smartphones made up 26% of the 51.7 million handsets Huawei sent in July-September, according to consultancy Canalys. The organization's products also include notebooks, tablet computers, smart TVs and digital accessories.

Huawei's rivals have been ramping up manufacturing orders, anticipating they can gobble up market share while the giant is not able to produce new handsets, many industry sources told journalists at our partner news agency Reuters.

If Honor could resume production, it could retain market share, said Flora Tang, a business analyst with Counterpoint Research.

Ren called on Honor to become Huawei's biggest competitor after the "divorce," and stated toppling Huawei ought to "become your slogan for motivation".

"We are your competitors in the future," he explained.

The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our official content partners at Thomson Reuters. Reporting by David Kirton. Editing by Stephen Coates.

Stay on top of the latest developments across the platform economy and gain access to our problem-solving tools, proprietary databases and content sets by becoming a member of our community. Premium subscription plans start from just $7 per month.

This news article was published by Platform Executive, the home of the platform economy.

If you enjoy the content then please post a link on your website, or post on social media to help us get the word out.

Huawei founder urges Honor subbrand to become a competitor post split posted first on https://www.platformexecutive.com/