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About Zhixin New Information Technology

Zhixin New Information Technology was born from a consortium of over 30 agents and dealers of the Honor brand and the Shenzhen Smart City Development Group.

Zhixin New Information Technology Headquarter Location

Shenzhen, Guangdong,

China

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Latest Zhixin New Information Technology News

Honor is Launching its First Product After Becoming Independent

Dec 16, 2020

Last month, the Chinese Smartphone manufacturer Huawei announced the sale of its off-shoot Honor to Zhixin New Information Technology Co. Ltd. Since its acquisition, the company went through some structural changes and now, reportedly, is ready to launch its first product outside Huawei’s umbrella. Zhao Ming, Honor’s new CEO, recently shared a letter on the Chinese microblogging site Weibo. The letter, duly signed by the Honor management, details that the company will soon launch its first product after becoming independent. Advertisement Although the documentation does not provide any details regarding the upcoming product, it does mention that the company will celebrate Honor’s seventh anniversary by hosting an annual fan meet next month where the future of the brand will be discussed. The company’s management might make important announcements regarding the product at the event. Moreover, the letter thanks the company’s users, distributors, retail partners, suppliers, and manufacturers for bringing it to this level. It also revealed that Honor plans to become the leading smartphone brand in China, surpassing its former parent company and the current market leader, Huawei. Honor’s management has set an ambitious target of selling 100 million Smartphones in the upcoming year. Allegedly, the company has already started working towards that goal. It is currently in the process of getting its supply chain in order and is also working on expanding Honor’s presence in the offline space. Netsol Technologies Sister Concern Wins a Multi-Million Dollar Project in China FBR Makes it Mandatory For Overseas Pakistanis to Submit Exemption Certificates China to Bailout Pakistan After Saudi Arabia Refuses Rollover Request Daily Remittances from Roshan Digital Accounts Touch Record High

Zhixin New Information Technology Acquisitions

1 Acquisition

Zhixin New Information Technology acquired 1 company. Their latest acquisition was Honor on November 17, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/17/2020

$99M

Acquired

17

Date

11/17/2020

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

17

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