On the eve of its IPO, Honor has welcomed an investment from China Mobile.
According to media reports, China Mobile Group has invested in Honor Device Co., Ltd. In a statement sent to Bloomberg, Honor confirmed that it has received investment from China Mobile. A spokesperson for Honor stated on Friday, "Both parties will fully leverage their respective advantages to jointly provide consumers with better and more innovative experiences." However, neither party disclosed the amount of the investment or the equity ratio.
The topic of Honor's IPO is a hot issue in the industry and capital markets. In response to rumors surrounding its listing, Honor stated that it always adheres to the principles of openness and transparency in its development and will continue to diversify its equity structure. Honor plans to initiate relevant shareholding reform in the fourth quarter of this year and subsequently launch the IPO process at an appropriate time. Prior to this, Honor had already brought in numerous channel partners and supply chain investors.