Global Times :
Huawei has no plans to sell its mobile phone business, the company said on Monday, in response to media reports saying that Huawei is in talks to sell premium smartphone brands P and Mate series.
Reuters reported that Huawei is in early-stage talks to sell its premium smartphone brands P and Mate, citing two people with direct knowledge of the matter, describing the plan as “a move that could see the company eventually exit from the high-end smartphone-making business.”
“Huawei has learned that there are unsubstantiated rumours circulating regarding the possible sale of our flagship smartphone brands. There is no merit to these rumours whatsoever. Huawei has no such plan,” the company said in a statement on Monday.
“We remain fully committed to our smartphone business, and will continue to deliver world-leading products and experiences for consumers around the world,” it said. 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, according to the Reuters report.
“Fake news,” several sources inside Huawei including some senior executives from the consumer business division, told the Global Times when asked about the report on Monday.
“I don’t think Huawei’s going to sell its high-end series at a time when Biden’s policy toward China remains unknown, and it has just secured a large amount of cash from its Honor sale,” Xiang Ligang, director-general of the Beijing-based Information Consumption Alliance, who closely follows Huawei, said on Monday.
