Chinese smartphone maker Honor is receiving significant support from local government backers, including R&D funding, tax breaks, and overseas expansion aid, as it prepares for an IPO. Honor, valued at around ¥100 billion ($13.8 billion) when bought from Huawei in 2020, aims to list on China’s A-share market, potentially this year or early next. The company plans to ship 100 million handsets annually by 2026 and become a top three global vendor by 2028. Honor denies receiving special support since Jan. 1, 2021.

SAN FRANCISCO--(BUSINESS WIRE)--Honor Technology, Inc., the world's largest home care network for older adults with the most-advanced care platform technology, today announced the appointment of Ian Clarkson to president. Clarkson brings deep experiences across all major functional areas including technology, operations, finance, and services. “Bringing Ian will supercharge our ability to scale to the massive societal need to provide high-quality care to older adults,” said Seth Sternberg, CEO of Honor. “His energy, focus and extensive background working in technology and operations will make him a great leader and a huge asset to our organization as we continue on our mission to expand the world’s capacity to care.”

SAN FRANCISCO--(BUSINESS WIRE)--Honor Technology, Inc., the world's largest home care network for older adults with the most advanced care platform technology, today announced the appointment of Tamar Rosati to chief product officer (CPO). Rosati brings more than a decade of experience working across the software product lifecycle in the technology space to the organization. “With our fast-tracked growth over the last few years, we needed an accomplished CPO to help us scale product enhancements and management, and Tamar fit the bill perfectly to lead our product vision moving forward,” said Honor CEO and co-founder Seth Sternberg. ”The expertise and insight that Tamar brings to our company is invaluable, and I look forward to the future of the Honor product under her leadership.”