What is Shenzhen Zhixing New Information Technology Co Ltd? This company is a spin-off of Motorola Mobility, which makes consumer electronics. It was established in 2020, and it will have a capital of 100 million yuan. It is owned by Shenzhen SASAC, which is a state-owned asset development private equity partnership. Huawei is no longer a shareholder in the company.
The company’s capital has increased, from $15 million to $456 million, due in part to the entry of three new investors. However, this does not necessarily mean that the company’s management has made a sound business decision . There are other factors to consider, including the level of government influence. For example, while Zhixin has a state-backed minority investor best brokers for metatrader 5, it is still a market-based decision.
The company is owned by the Chinese state-owned Shenzhen Smart City Technology Development Group, which is also a major shareholder in Huawei. Huawei will not own a majority stake in the new company and will not be involved in decision-making or business management activities. While the sale is a good deal for the consumer, the company’s financial condition will be more closely monitored.
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Honor is one of Huawei’s most successful smartphones, and its deal with Shenzhen Zhixin New IT Co Ltd., which aims to protect the company’s interests, has been widely reported. The company also plans to sell the Honor brand to the Chinese company. Huawei has been restricted from selling certain products to other countries for a while following the COVID-19 situation, and this could mean trouble for the new company. You may share your article on forexinghub and thehomeinfo. So that, your website rank on Google as well and get more information from worldtravelplace and worldupdate