ZTE Takes On Partner to Fund Nubia Business
ZTE today said Suning Rundong has invested $297 million in Nubia Technology. Suning sells electronic goods online in ZTE's home market of China. ZTE first introduced Nubia as a sub-brand three years ago. With this capital investment from Suning, ZTE will control 60% of Nubia, Suning will control 33.33%, and Yingcai Investment will manage 6.67%. ZTE said accepting the additional funding is necessary to help push the Nubia brand into new markets, including Latin America, Europe, and Southeast Asia. Some Nubia handsets are already available in the U.S.
ZTE to Sell Nubia Z11 Unlocked In US
ZTE's sub-brand, Nubia, plans to bring its Z11 flagship handset to the U.S. in September.
ZTE Looking to Appeal Export Ban
ZTE is planning to appeal a ban recently placed on exports, reports Reuters. Last week, the U.S.
US Gives ZTE Another Reprieve On Exports
ZTE can continue to export U.S. goods for another three months due to an extension offered by the U.S.
ZTE Runs Afoul of Commerce Dept., Facing Export Ban
ZTE has allegedly violated export rules to Iran and the U.S. Department of Commerce is prepared to restrict what American-made components ZTE is allowed to acquire.