Vivo and iQoo are reportedly planning to merge their core business operations, to increase their efficiency and reduce costs. iQoo is a sub-brand of Vivo and the two have been sharing several resources such as R&D, supply chain, and media procurement. But they have operated independently in planning, media strategy, and e-commerce areas.

source https://www.gadgets360.com/mobiles/news/vivo-iqoo-business-merger-increase-efficiency-reduce-costs-reports-3905919#rss-gadgets-all