Just a few days in the past, Honor held the Magic3 collection press convention. After the press convention, the corporate’s CEO, Zhao Ming, responded to latest rumors about Honor, together with rumors about itemizing and sub-brands. Zhao Ming claims that the corporate will transfer in direction of extra transparency and won’t exclude itemizing sooner or later. Nevertheless, he claims that he and different workers weren’t anticipating the latest rumors concerning the corporate.
Concerning the rumors of itemizing, Zhao Ming claims that Honor has no plans for the close to future. He additional claims that the corporate is presently specializing in its enterprise improvement.
Nevertheless, the trade’s rumors concerning the itemizing of Honor are very robust. A report from “Instances Finance” exhibits that Honor is accelerating its itemizing course of and it’s presently consulting with sellers to buy authentic shares. On this regard, Zhao Ming mentioned that Honor’s present focus is on Honor’s enterprise improvement and product innovation capabilities. The crew and all workers usually are not pursuing an in a single day explosion. Nevertheless, Mr. Ming claims that each step the corporate takes is a step to maneuver ahead.
Will Honor have a sub-brand?
In response to latest studies, Honor lately added a wholly-owned subsidiary, “Shenzhen Xingyao Terminal Co., Ltd.”. The corporate was established on July 20, and its enterprise scope consists of cell terminals, digital merchandise, and IoT merchandise. The handle is in the identical constructing as the brand new handle of the Honor model after its independence. There are rumors that “XingYao” could also be a brand new sub-brand of the Chinese language producer.
On this regard, Zhao Ming mentioned that Honor doesn’t intend to make use of XingYao as a sub-brand. The aim of Xingyao’s institution is extra to unravel the issue of professionalization and systematization of the Honor gross sales crew. The corporate hopes to coach excellent offline workers, together with gross sales employees, supervisors, and so on. XingYao is to hold this job.
Nevertheless, Zhao Ming didn’t utterly rule out the potential for a sub-brand. In response to him, the corporate already has a Play collection which it may think about as a sub-brand. He mentioned, “Honor has a web-based Play collection, which can evolve slowly sooner or later, and Play could turn out to be an unbiased sub-brand.”
Beforehand, Zhao Ming revealed that the corporate has expanded from an Web model to an offline system. He mentioned that the corporate was once a younger style model however it’s now a high-end mannequin model. Moreover, he believes that within the not-too-distant future, the corporate will differentiate into new sub-brands.
