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China s Huawei in talks to sell premium smartphone brands P and Mate: Report
People take pictures of Huawei Mate Xs foldable smartphone and a Huawei MatePad Pro
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Julie Zhu,
Potential sale suggests Huawei does not expect US supply chain restrictions to ease
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China s Huawei Technologies Co Ltd is in early-stage talks to sell its premium smartphone brands P and Mate, two people with direct knowledge of the matter said, a move that could see the company eventually exit from the high-end smartphone-making business.
The talks between the world s largest telecommunications equipment maker and a consortium led by Shanghai government-backed investment firms have been going on for months, the people said, declining to be identified as the discussions were confidential.
Read more about Huawei in talks to sell premium smartphone brands P and Mate: Report on Business Standard. The P and Mate phone series are among the top players in the higher-end smartphone market in China
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