Earlier this week, news surfaced regarding Honor planning a domestic listing. The company is apparently seeking an evaluation of a sizeable 45 billion US Dollars for its listing in China.
Recently, a new market research report from CINNO (Via ITHome) showed the quarterly sales result within the Chinese smartphone market. In this list, the Chinese smartphone maker ranked second overall, closing the gap between Oppo which had ranked first. The company had managed to sell over 12 million smartphone units during the first quarter of this year. This marks a 20.9 percent quarter on quarter growth and a whopping 176 percent growth year on year. In simpler terms, it’s clear that the company has come a long way since its independence from Huawei.
The brand had struggled with its operations within the first six months after it separated from its former parent company. But since then, it has established itself as a major smartphone brand in the country. So it arrives as no surprise that Honor would seek an evaluation of 45 billion US Dollars. As of right now, the company has yet to respond to any queries from domestic media or offer an official statement regarding this matter.
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