Nov 24, 2023 07:43 PM

TECH INSIDER

Tech Insider: Honor Readies for IPO, Stellantis and CATL Plan European Battery Plant

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An Honor store in Shenyang, Liaoning province on Nov. 20. Photo: VCG

An Honor store in Shenyang, Liaoning province on Nov. 20. Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Improving phone demand sets Honor on IPO path

Chinese smartphone-maker Honor Device Co. Ltd. has begun preparations for an IPO, three years after it was spun off as an independent business from Huawei Technologies Co. Ltd.

The Shenzhen-based firm will adjust the composition of its board to meet diversity standards for a publicly listed company, it said in a statement Wednesday, without specifying a timeline or bourse for its public debut.

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