Honor, the Chinese smartphone manufacturer, announced on Friday that it has secured an undisclosed investment from the parent company of China Mobile, as the former Huawei subsidiary prepares for its initial public offering (IPO).

According to a Reuters report from August, Honor has been receiving significant support from the Shenzhen government in southern China, which includes funding for research and development as well as tax incentives.

Last November, the company revealed its intentions to pursue an IPO, although it did not specify the location or timeline for the listing.

Honor stated that the investment from China Mobile is intended to harness "synergistic advantages" in innovation within the personal and home device sectors.

The company emphasized its commitment to open and transparent development while continuing to diversify its shareholding structure.

This partnership aims to leverage Honor's product offerings alongside China Mobile's extensive channel resources and user base, with both parties working together to enhance consumer experiences through improved and innovative solutions.