Zhao Ming, CEO of Chinese smartphone maker Honor, revealed on Wednesday that the company's domestic market share has risen to 16.2%, close to its highest ever level of 16.7%.
Beijing-based ByteDance as clarified rumors regarding the acquisition of Chinese marketing and brand management services provider BlueFocus.
In May 2019, SF adjusted its product strategy to increase business volume and launched new products specifically designed for the e-commerce market and customers.
Samsung has been increasingly underperforming in market share, customer attraction, and brand awareness. As Samsung releases the S9 for pre-sale earlier this week, the company is becoming more marginalized in China.