Honor, a Chinese smartphone manufacturer, has received new investments in preparation for an upcoming IPO. The latest investors include China Telecom, CICC Capital, Cornerstone, and SDG. Existing partners also participated in this funding round through Jinshi Xingyao.

Honor plans to restructure its shareholder base in the fourth quarter before commencing the IPO process at a suitable time, although the listing location has not been disclosed. Honor, which separated from Huawei in November 2020 due to U.S. sanctions, announced its intention to go public in November 2023. The company has emphasized that Huawei has no ownership or influence over Honor's business decisions.

Recently, Honor introduced its new Magic7 smartphone series, which features an advanced operating system capable of using AI for touchscreen actions like ordering coffee. According to Counterpoint Research, nearly one-third of Honor's sales in the first half of this year came from international markets.