Transsion held 48.7% of Africa’s mobile phone market and 34.3% of its smartphone market in 2018, as well as 6.7% of India’s mobile phone market.
Competition is picking up as the smartphone market slows and companies launch new sub-brands.
The Chinese smartphone market is looking more diverse, reflecting the increasing needs and the various demands of consumers.
The gadget’s popularity in Chinese households have propelled domestic tech companies to top global rankings.
Starting at $38,400, the sedan is designed to compete with Tesla’s Model 3.
Apple is planning to expand local manufacturing to avoid a 20% tariff on iPhones.
China has been a problem for the US giant as domestic players have eaten into the iPhone’s market share.
Uncertainty remains as the UK government is considering a full ban on Huawei.
China has been looking to reduce its reliance on foreign technologies amide escalating trade tensions with the US.
Ant Financial, Tencent, Xiaomi, and Ping An secured Hong Kong’s virtual banking licenses.