Transsion Seeking to Go Public on a Technology Innovation Board
Transsion, a Chinese smartphone manufacturer, which dominates the African market, is planning to go public on Shanghai’s technology innovation board.
Why are Chinese Tech Firms Taking Over Africa?
In the streets of Nairobi, Johannesburg, Lagos, and other African cities, signs advertising Chinese tech products are not an uncommon sight. In fact, all Chinese tech firms are rushing to get into Africa.
Transsion, the King of Mobile Phone in Africa Makes a Fortune in Low-profile
In a newly built office building in the technology zone of Shenzhen’s Nanshan District lies a plain-looking phone company. This company has few Chinese users, yet it sold over 80 million phones worldwide, far more than Xiaomi and vivo. The Shenzhen-based company named Transsion mainly targets the African market. According to the data of IDC,…
The Chinese Internet model is being pursued overseas
The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open statistics, the company holds more than 40% of market shares in the 6 major countries of North Africa. Tecno broke into the African market using two mobile innovations: Dual-SIMs and beauty selfie…