Chinese smartphone maker Transsion, which is dominating Africa with its Tecno brand [Tecno Mobile], has raised nearly $400 million in an IPO on China’s hot new tech-focused stock market. Tecno mobile worth breakdown The Shenzhen-based company manufacturers of Tecno mobile said in a stock market filing Wednesday that it sold 80 million shares for 35.15 yuan ($4.93) each, raising 2.81 ...

It is obvious that the Google ban has affected the Chinese tech economy, but one aspect we cannot discard is how well Huawei has performed after the ban. From manufacturing of quality mobile devices to the installation of 5G technology. Everything point to the fact that Huawei has more to offer the tech world than just producing of mobile phones. ...

Beijing will not sit and watch Huawei get “slaughtered” and could retaliate if there are further sanctions on the Chinese technology giant, a top Huawei executive told CNBC on Tuesday. The comments came in response to a Reuters report that suggested senior officials in the Trump administration had drawn up new rules that would require chipmakers to obtain a license if they ...

The rotation CEO of Huawei Eric Xu has told CNBC the slowing profit growth in 2019 was due to the U.S. blacklisting the Chinese technology giant from doing business with American firms. Meanwhile, a top executive at the company told CNBC the impact from the coronavirus on its business is unclear. Revenue for last year totalled 858.8 billion yuan ($123 ...

As coronavirus quickly spreads around the world, it’s forcing people to stay put, and wreaking havoc on the economy. Millions are either out of a job or working from home. Factories are shuttering, and with mandates to stay inside becoming the new norm, people aren’t driving or flying. All this has led to a massive drop in air pollution, which ...

Last month, a report from Reuters had revealed that the Trump administration was contemplating changing U.S. laws to cut Huawei off from global chipset distributions such as TSMC. Presently, a limited new report from Reuters suggests senior administrators in the Trump government have decided to go ahead with the proposed rule change. Read also: HUAWEI CLOUD Launches AI-Assisted Diagnosis for COVID-19, Producing CT Quantification Results in ...