A leak has revealed details about a business restructuring going on at Vivo. The Chinese phone manufacturer is one of the companies owned by BBK Electronics and seems to be making changes to its business model.
According to Weibo user and blogger @Really Assen, Vivo will be handing over its online business to iQOO. He added that Vivo has transferred its Z-series and U-series of smartphones to iQOO while it will focus on its offline series.
The post even says the upcoming iQOO Z1 was originally supposed to launch as the Vivo Z7, further confirming that Vivo may have indeed handed over the series to iQOO.
Another info revealed in the post is that iQOO will launch its first U-series phone and it will arrive as the iQOO U1. This will come after renaming the current Vivo U-series to iQOO U-series next month.
A follow-up post by the same leaker included a screenshot of the Vivo U3x (a.k.a. Vivo U10) which showed the phone has now been renamed Vivo iQOO U3x. The caption for the post said iQOO will announce a new phone under the U-series with a price range between ¥1500 (~$211) and ¥2000 (~$282).
Vivo is yet to put out an official statement regarding this and we honestly can’t say if there will be one. However, time will tell if the above is true
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