Business Wire — SHENZHENL: ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, announced that first-half net profit rose 43.2% as the company increased sales of 4G LTE network equipment to carriers. Net profit attributable to shareholders of the listed company jumped to RMB 1.62 billion (US$252 million) in the first six months, according to the results announcement posted by ZTE today. Basic earnings per share climbed to RMB 0.47, while revenue increased 21.8% to RMB 45.9 billion.
China Tech News — China-based ZTE Corporation has signed a memorandum of understanding with Malaysia’s U Mobile Sdn Bhd for the development of Pre5G mobile broadband technologies. The partnership will help U Mobile deliver substantial network performance upgrades using ZTE’s proprietary Pre5G technologies including Massive MIMO.
Telecom Asia — Telecom equipment vendors have taken more strides towards delivering 5G networks, with the 5GNOW project reaching completion and ZTE announcing an R&D partnership in Malaysia. ZTE has announced it has entered an R&D partnership with Malaysia’s U Mobile focused on the development of pre-5G and 5G mobile broadband technologies.
Want China Times — China is seeking to take a leading position in the development of 5G wireless communication technology, with the government and businesses both investing heavily on research and development, according to China Economic Weekly. On July 22, Zhang Feng, chief engineer and spokesperson for the Ministry of Industry and Information Technology (MIIT), said the country plans to increase its R&D in 5G technology, while continuing expanding 4G fiber optic networks.
Digi Times — China is now the world’s second largest economy, and China-based network equipment makers are seizing the opportunity brought by the huge domestic market to close the gap with their foreign rivals. Domestic makers accounted for 52.3% of the network equipment market in the first quarter of 2015, and their combined market share is expected to exceed 70% when H3C is restructured into a network equipment vendor.
Want China Times — ZTE Corporation, China’s leading telecom equipment producer, has signed a memorandum of understanding with Japanese telecom giant SoftBank to enhance their research and development based on ZTE’s Pre5G and Massive MIMO (multiple input multiple output) technology, reports Ccstock.cn, the online version of the Chinese-language Securities Daily.
Networks Asia — As the Internet of Things makes the world more connected, ZTE Corporation will intensify research on 5G, SDN (Software Defined Networks), cloud computing and Big Data to help customers build next-generation networks and technology infrastructure supporting more dynamic services provisioning, Chief Technology Officer Dr. Zhao Xianming said at the ZTE Global Analyst Conference in Shanghai.
Digi Times — China-based telecom equipment vendors Huawei Technologies and ZTE, in an attempt to lead in international development of 5G mobile communication technology and application, will invest US$600 million and EUR300 million (US$336 million) respectively in 5G R&D, according to the companies. Huawei has signed for cooperation with Vodafone and Deutsche Telekom (German Telecom) for R&D of 5G technology and application.
Digi Times — China government-developed Zhengzhou Airport Comprehensive Economic Experimental Zone (ZACEEZ) in northern China has a cluster of nearly 70 handset supply chain makers currently and is set to replace Shenzhen in southern China to become the largest handset production base in the world, according to Taiwan-based handset supply chain makers.
IT Web Africa — Chinese telecoms equipment and systems firm, ZTE has partnered with Africa’s largest mobile operator, MTN, to launch an Internet of Things (IoT) platform on the continent. South African headquartered MTN has more than 229 million subscribers in 22 countries in Africa, Asia and the Middle East, and plans to provide next-generation services to customers across each of its markets.
Want China Times — A subsidiary of Taiwan’s leading laptop contract maker, Wistron Corp, teamed up Tuesday with Chinese handset maker ZTE Corp. to offer a multimedia app that enables live-streaming TV programs and voice calls via the Internet. The Witsmart app is developed by Wistron Information Technology & Services (Wistron ITS) and comes preloaded initially only with the ZTE Blade S6 Plus smartphone, which went on sale in Taiwan Tuesday at NT$9,888 (US$320) through the PChome online store.
Want China Times — With the domestic market increasingly saturated, Chinese handset makers have turned their focus on India with its similarly huge population but it has proved a tough market to crack, according to a technology blog on web portal Sina. Although brands including ZTE, Huawei, Coolpad, Lenovo and Xiaomi have successfully snatched up the medium and low-end market in China from HTC and Samsung, they face tough home-grown rivals in India.
WASHINGTON: Surging investment by Chinese companies in US research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world’s factory floor to a driver of innovation. Largely absent from American research hubs a decade ago, Chinese firms including Huawei Technologies and ZTE Corp are now using US researchers to create patents ranging from new software to internet infrastructure, according to an analysis of Thomson Reuters’ global intellectual property database.
ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, is pleased to support China Mobile in the deployment of 3-Carrier Aggregation 4G LTE-A (LTE-Advanced) service based on CAT 9 devices. With the new China Mobile 3-CA service in Guangzhou, users with CAT 9 devices powered by Qualcomm® Snapdragon™ 810 processor with X10 LTE may enjoy downlink data rates of over 300Mbps, more than triple the speeds of existing TD-LTE networks.
ZTE, a leading global mobile device maker, revealed that it expects smartphone sales in Russia to triple this year. This was announced on the same day that China’s largest online direct sales company, JD.com, chose ZTE as one of its first partners to sell smartphones on its new e-commerce platform for Russia. “We’re proud to be chosen by JD.com as one of the first smartphone brands to support its e-commerce platform in Russia, a key market for ZTE,” said Jacky Zhang, CEO of Asia Pacific & Commonwealth of Independent States, ZTE Mobile Device.
Search engine Google is reportedly in talks with Chinese phone makers on introducing its Play app store to the country, where the mobile market has recorded explosive growth, according to Shanghai’s China Business News. Sources told the newspaper that three of China’s six major handset makers–ZTE, Huawei, Coolpad, Lenovo, Vivo and Oppo–received offers from Google, which would pay US$1 for each phone that is pre-installed with a version of Google Play. “For Chinese handset makers that post thin margins, a subsidy of 6 yuan (US$1) is a lot,” said Wang Yanhui, director of Mobile China Alliance.
As the Apple Watch is fueling business opportunities for smart wearable devices, the wearables market in China is estimated to surge from 2.2 billion yuan (US$355 million) in 2014 to 13.6 billion yuan (US$2.2 billion) in 2015 and 23 billion yuan (US$3.7 billion) in 2016. To win a slice of this prospective market, many listed Chinese tech companies are actively proceeding with their products, our sister paper Want Daily reports. Among them are Xiaomi, ZTE, Huawei, Qihoo 360, and Baidu, all of which have kicked off investments in the burgeoning industry to cash in on the potentially lucrative market for smart wearable devices.
BEIJING: China’s leading telecom equipment manufacturer, ZTE Corp, was ranked third globally in patent applications, the company said citing the World Intellectual Property Organization (WIPO). More than 12,000 handset-related patents have been granted to ZTE. They hold 13% of the world’s 4G-specific patents. The company was ranked third under the 2014 Patent Cooperation Treaty (PCT). Among all Chinese cellphone companies in the US market, ZTE has the biggest market share, and one of the four most popular brands in the market, according to the company, state-run Xinhua news agency reported.
ZTE Corp aims to expand sales in markets in the Asia-Pacific, especially in Japan, to meet its global target of selling 60 million smartphones in 2015, China’s biggest listed telecommunications equipment maker said yesterday. The global sales figure for this year marks a 25 percent rise from last year. In the Asia-Pacific, it plans to sell 10 million units mainly by growing in the Japanese market.
Nokia’s announcement of its acquisition of Alcatel-Lucent on April 15 sent shockwaves through the world’s telecom-equipment market, a move promising to overhaul the market order. The marriage of the world’s third and fourth largest telecom-equipment firm will create a new entity ranking second place in terms of revenue, behind Huawei but superseding Ericsson. The top three all boast annual revenue in excess of US$30 billion, leaving ZTE, with revenue less than US$10 billion, far behind.