On September 30, Transsion, known as the “king of mobile phones in Africa”, raised nearly $4 billion in an IPO on Shanghai’s Star Market.
Transsion, a Chinese smartphone company best known for its dominance in the African market, has been hit with a lawsuit from Huawei on the eve of its public filing on Shanghai’s STAR board.
Transsion, a Chinese smartphone manufacturer, which dominates the African market, is planning to go public on Shanghai's technology innovation board.
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.
Chinese smartphone makers are making headway in global expansion as Transsion and Huawei are ranked as top three smartphone brands in Africa, according to the latest figures announced on Nov. 27 by International Data Corporation (IDC).
The Indian market is where China's smartphone manufacturers perform best with regards to internationalization. The Indian smartphone market grew by 14 percent last year, more than any other country. Chinese brands made up 53 percent of smartphone sales, according to the latest foreign media news.
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,…