Honor hopes for spot in the global top five

Honor, a smartphone brand of Chinese tech giant Huawei Technologies Co Ltd, aims to become one of the world's top five smartphone brands in three years, after it gained wide popularity among young Chinese consumers.

The move is part of Huawei's broad push to outcompete Apple Inc and Samsung Electronics Co Ltd in the global smartphone market.

Zhao Ming, president of Honor, said on Thursday: "We aim to increase the contribution of Honor's overseas revenue to total revenue from 15 percent in 2017 to 50 percent by 2020."