post-pandemic economic recovery

Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

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Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha. Huawei did not immediately respond to a request for comment on … Read more

China’s foldable smartphone shipments more than double in 2023, as Huawei continues to lead the growing handset segment

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China’s foldable smartphone shipments more than double in 2023, as Huawei continues to lead the growing handset segment

Foldable phone shipments in mainland China more than doubled last year in spite of overall weakness in the world’s largest smartphone market, with Huawei Technologies remaining the country’s top vendor in this growing handset segment. Mainland shipments of foldable smartphones reached 7.01 million units last year, up 114 per cent from 3.2 million in 2022, … Read more

China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

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China remains a tough market to stage a comeback for world’s former top smartphone vendor Samsung

This article was first published by The Korea Times in a partnership with the South China Morning Post. A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own a number of Samsung Electronics smartphones in the 2010s, attracted by the devices’ well-designed appearance and popularity among consumers across mainland China. “It was once … Read more