Huawei selling smartphone unit in face of US sanctions

BEIJING (AP) — Chinese tech giant Huawei is selling its Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company, investors that said they are buying the brand announced Tuesday. The sale to buyers including Honor retailers is intended to “save Honor’s industry chain,” the investors said in a statement issued online. They gave no financial details but said after the sale…