Exclusive: Huawei in talks to sell parts of its Honor smartphone business

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main distributor for Honor phones, has emerged as the frontrunner but other prospective buyers include Chinese electronics maker TCL and rival smartphone maker Xiaomi Corp <1810.HK>, the people said.

The sources declined to be identified as the talks were confidential.

Huawei and TCL declined to comment. Digital China and Xiaomi did not respond to requests for comment.

The Honor brand was established by Huawei in 2013 but the business mostly operates independently from its parent. It competes with Xiaomi, Oppo and Vivo in China’s highly competitive budget phone market and its phones are also sold in Southeast Asia and Europe.

Kuo Ming-chi, an analyst at TF International Securities, has said that any sale by Huawei of the Honor smartphone business would be a win-win situation for the Honor brand, its suppliers and China’s electronics industry.

“If Honor is independent from Huawei, its purchase of components will no longer be subject to

Bluebird Network Announces a New Website and Renewed Commitment to Supporting Business Growth

Bluebird Network, a communications infrastructure provider and underground data center owner, is thrilled to announce the launch of a new website redesign. New interactive features and site design proudly raise the Bluebird brand above industry standards and exemplify the company’s commitment to wireless Carriers and Enterprise businesses implementing existing and emerging digital technologies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005779/en/

Bluebird Network website (Graphic: Business Wire)

“The fact is everything Bluebird does and all of the services we provide underpin the technologies that make our digital world possible,” said Michael Morey, Bluebird President and CEO. “Our world is governed by the ability to make connections and leverage bandwidth. We offer world-class fiber services focused on high capacity bandwidth—and business is all about good connections.”

A prominent new feature of the website is the searchable network map, allowing users to type in their business’ address to see if their building is on, near or off Bluebird’s extensive fiber network. By adding this element to the website, businesses can get the information they need more quickly.

Bluebird historically focused on providing carrier-class service to the largest telecommunications carriers in the world. While the company continues to support carrier services, now Bluebird is even more aligned to provide needed high-speed bandwidth to enterprise businesses joining the ranks of the larger data-hungry businesses shaping the world today.

“No longer is the internet a luxury,” said Morey. “Whether you are a company with 20 employees or thousands of employees, having access to bandwidth is paramount to a business’ success. Bluebird is here to support businesses of all sizes continue their growth trajectory by working smarter, not harder.”

Bluebird offers ethernet, dark fiber, wavelengths and a host of other network services and is uniquely positioned to offer businesses scalable colocation solutions from

ProjX360 CEO Touts App Updates, Business Software Benefits

Some of the most innovative products for the custom industry come from the minds of custom integrators not coincidentally. They do, after all, have first-hand experience knowing their own and presumably others’ needs and pain points.

Also, unsurprisingly, many of these companies sprout up in the business operations/management sector, because there are always going to be opportunities to help owners run their businesses smarter and more efficiently.

Such is the case with Doug Greenwald, who created management software ProjX360 but also is CEO of Creative Sound & Integration in Scottsdale, Ariz. – a winner in this year’s CE Pro Home of the Year Awards program in the Best New Technologies project category.

Greenwald chatted with CE Pro about ProjX360’s CEDIA Expo Virtual booth (still accessible at projx360.cediaexpovirtual.com) in September and the importance of business management software in general.

What were some of your takeaways from the CEDIA Expo Virtual platform experience? 

It was nice to interact with new dealers [for the first time on a large scale] since the start of COVID. One thing I can say is that it doesn’t replace meeting in person and can’t wait until next year when CEDIA [Expo] returns.

How did ProjX360 conduct interactions with attendees? 

So we did two live demonstrations each day and my on-boarding and training director was meeting with existing customers to answer questions and go through best workflow practices of the software. We also had our live chat going and we allowed dealers to request personal one-on-one meetings with us

What was ProjX360 focused on sharing with attendees in terms of new features to the software platform? 

We spoke about our new updated App for iOS and Android that will be coming out in the next few weeks with offline time tracking, push notifications, and easy access to

Groove Funnels SEO Sales Funnel Builder Business Ecommerce Software Launched

Software and marketing solution provider HM Optimisation announces the launch of GrooveFunnels, an integrated online business suite that includes 20 e-commerce apps.

HM Optimisation, a software solution and digital marketing provider based in Europe, announces that it will begin offering the new GrooveFunnels all-in-one business software package. The platform is an integrated suite of 20 e-commerce apps and utilises a centralised customer support team.

More information about GrooveFunnels is available via https://groovepages.groovesell.com/a/q39MqnolE4tU

The firm offers GrooveFunnels as a cost-efficient platform that provides companies with the complete tools to power an online business. HM Optimisation notes that with a unified platform, customer representatives can provide support for all the apps, saving business owners time and effort.

GrooveFunnels is ideal for businesses that are currently “duct-taping” several e-commerce solutions and want a streamlined alternative. HM Optimisation adds that this package is especially helpful for the niches it serves, including small business, medical practices, and service contractors.

Interested parties may subscribe to GrooveFunnels by paying a one-time fee, which gives them lifetime access to all the apps. They may also take advantage of the free basic plan, which offers access to all the apps but with limited functionality.

The Platinum version includes tools for website design, sales funnel creation, email marketing integration, e-commerce shopping carts, and payment gateways, among others. It also offers integrated web hosting, as well as unlimited storage for videos and live streams.

GrooveFunnels features a built-in affiliate marketing program that enables users to earn residual income through product referrals. Customer engagement tools such as a survey platform and a CRM system are also included in the plan.

HM Optimisation says that getting an all-in-one system instead of subscribing to services on a piecemeal basis can yield significant savings. GrooveFunnels offers a 30-day, money-back guarantee with all Platinum subscriptions.

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4 Indian Entrepreneurs Who Embraced Technology In Their Business Models


4 min read

Opinions expressed by Entrepreneur contributors are their own.


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

Without a doubt, one of the most exciting technological innovations this decade has seen is the evolution of blockchain. Since its inception, it has revolutionized digital commerce, technology and brought about the possibility of near-instant financial transactions. The global economic model is undergoing a huge transformation and being one of the frontrunners in technology, the Indian entrepreneurship industry is adapting blockchain technology. Here are four entrepreneurs from India who are leveraging the power of blockchain.

Sandeep Nailwal, Co-Founder and COO of Matic Networks

Nailwal co-founded Matic Network in 2018 and worked with his team to make it a global leader in blockchain space with a $200 million market cap. Today, Matic Network is one of the fastest growing DApps (decentralized applications) platforms enabling tonnes of applications utilization of blockchains in their business models and creating community-centric businesses.

Coming from a top B-School in India, Nailwal has been involved in multiple ventures ranging from health and fitness, retail e-commerce to productized B2B services. This has given him a breadth of experience which has been instrumental in the success of his efforts. He has been working with various government institutions (especially in India), helping them utilize blockchain technology in a way that creates a more corruption-free, transparent, efficient and inclusive environment for our billion-people strong country. He, along with the Matic Network team, are widely regarded as the ones who have fuelled the Indian blockchain developer ecosystem to its current heights due to continuous efforts in building the blockchain development community in India with hackathons, developer grants, mentorship, investments, etc.

Matic is a leading layer-2 scaling solution for Ethereum. It aims to provide mass adoption ready infrastructure to