ATRenew polishes recycling credentials to record first profit
The recycling specialist has been profitable on a non-GAAP basis for the last two years, but made its first GAAP net profit in last year’s fourth quarter Key Takeaways: ATRenew’s…
Transsion climbs global smartphone leader board with its move out of Africa
The company posted 68.6% growth to become the world’s fourth largest smartphone seller in last year’s fourth quarter, as it expands beyond its original African stronghold Key Takeaways: Transsion shipped…
NEWS WRAP: ATRenew on track to recirculate 32 million electronic devices this year
The recycler expects to generate 13 billion yuan in revenue this year, as its volume could get a lift in 2024 from a new partnership with Apple and movement beyond…
Transsion closes in on Xiaomi, Oppo with developing-market focus
The Shanghai-listed company’s stock has jumped 73% this year as it consolidates its position as the leading smartphone seller in Africa Transsion’s smartphone shipments rose 35% in the second quarter,…
Vivo faces visa violations in India, dealing fresh blow to Chinese smartphone brands
Delhi has accused Vivo workers of failing to disclose their employer in visa applications, and has also arrested a company executive on suspicion of money laundering Key Takeways: Vivo has…
CHINA BULLETIN: Beijing Gets Serious on Economic Stimulus
In this week’s issue government stimulus heats up, U.S. Commerce Secretary calls on Beijing, and Huawei rejoins the smartphone race. On a scale of 1 to 100, we give the week a 55 for offshore-listed China stocks.
Huawei: 5G comeback kid, or sucker for new sanctions?
The former smartphone superstar is reportedly planning to re-enter the 5G smartphone arena later this year, using domestic foundry SMIC to make its self-designed 5G chips Key Takeaways: Huawei reportedly…
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