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Jian Li has been appointed as the new CEO of Honor, succeeding George Zhao, who has stepped down. Li, a veteran of Huawei, brings a wealth of experience in research and development, as well as extensive knowledge of overseas markets, positioning Honor for future growth.
Honor faces ongoing challenges following the unexpected resignation of CEO George Zhao, which has raised concerns among analysts. The Chinese smartphone brand's market share continues to decline, leading major shareholders to express dissatisfaction with its weak sales performance.
Honor Terminal has appointed Li Jian as its new CEO, succeeding George Zhao, who stepped down due to health reasons after nearly a decade in the role. Li, who joined Honor in 2021 following a 20-year career at Huawei, aims to enhance the company's market strategy amid increasing competition, particularly focusing on overseas markets.
Honor has announced the resignation of CEO George Zhao, who stepped down for personal reasons amid preparations for a long-awaited IPO. Jian Li, a veteran from Huawei, will take over as CEO, having joined Honor in 2021 as vice chairman and president of HR. The company has been discussing a listing since late 2023 and recently secured new funding from investors, including China Telecom.
Chinese smartphone companies, including Honor and Xiaomi, are enhancing their AI capabilities ahead of Apple's upcoming product launch. Honor's new Magic operating system features an AI assistant that can perform tasks like ordering coffee and making calls without user interaction, set to debut with the Magic 7 smartphone on October 30. Meanwhile, Apple faces challenges in the Chinese market, with a slight decline in revenue from the region, as competition intensifies with foldable devices and advanced AI features from rivals.
George Zhao
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