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  • Huawei is in talks with Digital China Group and other buyers to sell parts of its Honor smartphone business, Reuters reported.
  • The deal could be worth up $3.7 billion, a person familiar with the matter told Reuters.
  • The Chinese tech giant, facing heavy US sanctions, wants to concentrate on its high-end Huawei phones from now on, sources said.
  • Other potential buyers include smartphone maker Xiaomi and TCL Technology, the report said.
  • Visit Business Insider’s homepage for more stories.

Huawei is in talks to sell parts of its Honor smartphone business in a deal which could fetch up to 25 billion yuan ($3.7 billion), Reuters reported. 

Huawei, which faces heavy sanctions in the US, wants to step away from developing its low-cost Honor phones and instead concentrate on high-end Huawei devices, according to people familiar with the matter.

Digital China Group, the main distributor for Honor smartphones, is the frontrunner to

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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

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By MAE ANDERSON and TALI ARBEL, Associated Press

A much-hyped network upgrade called “5G” means different things to different people.

To industry proponents, it’s the next huge innovation in wireless internet. To the U.S. government, it’s the backbone technology of a future that America will wrestle with China to control. To many average people, it’s simply a mystery.

What, exactly, is 5G wireless — and will you even notice when it comes online?

5G is a new technical standard for wireless networks — the fifth, naturally — that promises faster speeds; less lag, or “latency,” when connecting to the network; and the ability to connect many devices to the internet without bogging it down. 5G networks will ideally be better able to handle more users, lots of sensors and heavy traffic.

Before we can all use it, wireless companies and phone makers have to upgrade. Phones need new chips and

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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

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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

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Winners Comprised of Birmingham Women Who Have Distinguished Themselves in Their Companies, Their Industries, and The Community

Emily Branum

Emily Branum, Chief Strategy and Legal Officer at Command Alkon, has been named a one of the Birmingham Business Journal's Women to Watch for 2020.
Emily Branum, Chief Strategy and Legal Officer at Command Alkon, has been named a one of the Birmingham Business Journal’s Women to Watch for 2020.
Emily Branum, Chief Strategy and Legal Officer at Command Alkon, has been named a one of the Birmingham Business Journal’s Women to Watch for 2020.

BIRMINGHAM, Ala., Oct. 12, 2020 (GLOBE NEWSWIRE) — Command Alkon, provider of the leading supplier collaboration platform for construction’s heavy work, announces that Emily Branum, Chief Strategy and Legal Officer at Command Alkon, was chosen as one of Birmingham Business Journal’s Women to Watch for 2020. This honorary list is comprised of record-breaking women who serve as key leaders in their companies or organizations. Additionally, this recognition highlights women who show potential to shape the future of Birmingham’s business world, and

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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

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On Thursday, Morgan Stanley analysts reiterated their Overweight rating on Microsoft (MSFT) with a $245 price target. The analysts see great upside for Microsoft ahead of new Xbox console launches and following the $7.5B acquisition of game developer and publisher Bethesda Softworks.

The long-awaited release of the Xbox Series X/S console is approaching quickly. As expected, Microsoft should experience an uptick in hardware sales driven by the increase of “work/stay/play at home” activities from consumers. “The increase in gaming hardware revenue in FY21 vs.FY20 of $779 million in our model is already pressuring our existing FY21 gross margin estimates by ~35bps”, stated by Morgan Stanley analysts.

The analysts further noted: “Microsoft’s revenue base has grown meaningfully since (MSe $156 billion revenue in FY21 vs $110 billion in FY18), thus making the margin dilutive effect less meaningful now, in our view. Despite this modest gross margin headwind, we look for FY21

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The enterprise world is in the midst of an “Ops” revolution, ranging from DevOps and ITOps to AIOps and SecOps. At the core, this concept embodies the connection between business operations and technology functions, which has led a coalition of industry leaders, under the guidance of Broadcom Inc., to create an umbrella framework over all the “Ops” processes — BizOps.

A group of enterprise leaders will be presenting a declaration of values and principles to better align software development and operations with business needs at a Broadcom event — “BizOps Manifesto Unveiled” — on October 15. 

TheCUBE, SiliconANGLE Media’s livestreaming studio, will be broadcasting interviews as part of the virtual gathering, and discussion will focus on how the manifesto helps create synergy between business and IT, the principles necessary to optimize flow of value, and ways that BizOps practices can boost enterprise growth and enhance the customer experience.

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Yelp’s new Business Accused of Racist Behavior Alert is an extension of its Public Attention Alert.

The consumer review platform Yelp has added a new feature that allows users to flag businesses accused of racism.

Noorie Malik, the company’s vice president of user operations, released a statement Thursday on the site’s blog detailing the new initiative. “At Yelp,” she said, “we value diversity, inclusion and belonging, both internally and on our platform, which means we have a zero-tolerance policy to racism.”

The online consumer review platform Yelp has added a new feature alerts that allow its users to flag businesses accused of racism. (Photo by Spencer Platt/Getty Images)
The online consumer review platform Yelp has added a new feature alerts that allow its users to flag businesses accused of racism. (Photo by Spencer Platt/Getty Images)

“We know these values are important to our users,” Malik noted, “and now more than ever, consumers are increasingly conscious of the types of businesses they patronize and support.”

Her statement goes on to reference the police protests this summer that

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