Home  ›  News  ›

ZTE Takes On Partner to Fund Nubia Business

Article Comments  

Jan 4, 2016, 10:20 AM   by Eric M. Zeman

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 / Nubia »

Related

more news about:

CES 2016
ZTE
 

Advertisements

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Twitter Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram

 

All content Copyright 2001-2023 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.