Chinese smartphone maker Honor gets strong state support ahead of IPO

Chinese smartphone maker Honor gets strong state support ahead of IPO

A woman walks past an Honor sign at the handset maker's headquarters in Shenzhen, Guangdong province, China August 4, 2024. REUTERS/David Kirton

Chinese smartphone maker Honor is receiving an unusually high level of support from local government backers, as the former Huawei unit prepares an initial public offering (IPO), according to policy documents and a person close to the matter.