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Honor plans to invest $10 billion over five years in AI-powered smartphones and tablets, aiming to evolve into an AI device ecosystem. The initiative will kick off with a new AI phone and expand to include various devices, supported by partnerships with Alibaba, Tencent, ByteDance, and Google. Additionally, Honor is set to launch around 30 products in Indonesia this year as part of its global expansion strategy.
Honor is undergoing significant management changes following the sudden resignation of CEO Zhao Ming, reportedly due to health issues. Ex-Huawei general Li Jian has been appointed as the new CEO, while other key executives, including CMO Jiang Hairong and sales chief Zheng Shubao, are also leaving. These shifts come as the company prepares for an IPO and aims to regain its footing in the competitive Chinese smartphone market, facing challenges from its past associations with Huawei.
Honor, the smartphone brand spun off from Huawei, is undergoing significant management changes following the sudden departure of CEO George Zhao Ming. The company is preparing for a public listing amid fierce competition in the Chinese smartphone market, where it has seen a 14.9% decline in shipments year-on-year. New appointments include Huawei veteran Li Jian as CEO, with further shifts in marketing and sales leadership as Honor aims to regain market share and navigate its IPO plans.
Honor Device Co. Ltd. is undergoing a significant management reshuffle as it prepares for an eventual IPO. CEO George Zhao Ming has been replaced by Huawei veteran Li Jian, with further changes including the resignation of Huawei’s CMO for China and the appointment of a new sales chief. This comes amid intense competition in the Chinese smartphone market, where Honor's shipments fell 15% in Q4 last year, tying it with Oppo as the fifth largest seller.
Honor, the Huawei spin-off, has undergone significant management changes, including the resignation of its CEO and CMO, as it prepares for an IPO amid fierce competition in China's smartphone market. The company faces challenges in regaining market share after a 14.9% decline in shipments last quarter, while also navigating the complexities of its association with Huawei. Despite these hurdles, Honor has seen growth in Europe and emerging markets, indicating potential for recovery.
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's CEO, George Zhao Ming, has resigned for personal reasons, with veteran Huawei executive Li Jian taking over as the company prepares for an IPO. Zhao, who led Honor since its spin-off from Huawei in 2020, expressed gratitude for his team and emphasized the toll of intense work on his health, looking forward to recovery and family time.
Honor's CEO George Zhao Ming has resigned for personal reasons, with veteran Huawei executive Li Jian appointed as his successor. Zhao, who led the company since its spin-off from Huawei in 2020, expressed gratitude for his team and highlighted the toll of intense work on his health. Honor, the fifth-largest smartphone vendor in China, is preparing for an initial public offering amid this leadership change.
Honor CEO Zhao Ming has resigned due to health issues, with former Huawei executive Li Jian appointed as his successor. Under Zhao's leadership, Honor became a leading mobile phone brand in China and Russia, despite challenges following US sanctions on Huawei. Li Jian's extensive experience in strategic management is expected to guide Honor's future growth.
Li Jiancheng
People
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