Honor is preparing for an IPO
By ForGeeks Honor has gone its own way since separating from Huawei at the end of 2020. Since then, the company has shown excellent growth and is now ready to enter the next phase of its life – Honor executives are preparing an initial public offering (IPO).
Honor has been on a roll ever since.
There’s still a lot of work to be done before then, though, and it starts with reorganizing the company’s board of directors. Following the election at the shareholders’ meeting, Mr. Wu Hui will become a director and chairman of the board, and Mr. Wang Biao will become vice chairman. The board will see other changes in the future to ensure diversity and compliance.
Mr. Wu Hui will become a director and chairman, and Mr. Wang Biao will become vice chairman.
According to IDC and Counterpoint, the smartphone market in China is still falling (but there are signs of an impending recovery). Honor, meanwhile, has managed to achieve sales growth, compared to the third quarter of last year. It is now the largest smartphone brand in the country, ahead of Vivo.
