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Following the release of a Reuters article on Sequoia Capital China's 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
Huawei is talking about selling parts of its Honor smartphone line to Chinese IT provider Digital China Group and other potential buyers, according to confidential sources, Reuters reports.
China’s manufacturing industry grew at a slower pace in August, with the official manufacturing PMI falling slightly to 51 in August from 51.1 in July.
Chinese smartphone maker Huawei said it has no plans to sell its mobile phone business at all, countering a Reuters report which cited people with knowledge of the matter as saying the company is in talks to sell its premium smartphone brands P and Mate.