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.
HONG KONG: Chinese telecom equipment maker ZTE posted a 94% rise in 2014 net profit on Wednesday, in line with its own forecast, due to strength in its smartphone business overseas and high-speed 4G network division at home. The Shenzhen-based company recorded profit of 2.63 billion yuan ($423.4 million) from 1.36 billion yuan a year earlier, in line with the company’s forecast of 2.6 billion yuan. Operating revenue rose 8.3% to 81.4 billion yuan.
ZTE Corporation has launched its green uSmartDC solution. This solution, covering all data center links from equipment room construction to multi-DC management, helps customers build efficient, elastic, and cloud-based DCs. With a leading power usage effectiveness (PUE) value, the ZTE uSmartDC resolves customers’ major issues around the DC, and helps them to improve their competitiveness in the market.
As part of its plan to invest in 5G technology, Chinese telecommunications giant ZTE announced that it will hire about 800 new engineers in China, Europe and the United States. The hiring will take place as the company sets aside US$400 million to develop 5G technology, which, it said, is 1,000-times more powerful than the current 4G technology.
BEIJING: Last summer, lawyers from Chinese telecoms gear maker ZTE Corp began writing to half a dozen local handset makers it believed used its patents. Its message was simple: it’s time to pay up. ZTE’s efforts to collect patent royalties – months ahead of Qualcomm Inc’s China antitrust settlement this week, according to people with knowledge of the matter – shows how that deal has already changed the way China’s booming smartphone industry does business.
Chinese telecom device maker ZTE recently revealed that the company achieved operating revenue of CNY81.242 billion in 2014 — a year-on-year increase of 7.99% — and its net profit attributable to shareholders reached a year-on-year increase of 94.17%. Meanwhile, the company reported that its operating profit was CNY104 million during the reporting period and its total profit was CNY3.629 billion, a year-one-year increase of 98.54%.
ZTE Mobile Devices, a division of the top global handset manufacturer ZTE Corporation, today announced it was the recipient of four awards from the International Data Group (IDG), the world’s leading technology, media, events and research company. The “Global Smart Connected Devices Top 10”, “Global Smart Phones Top 10”, “Global Top 50 CE Brands” and “Top 10 Brands From China” awards were presented to ZTE at the Global Top Brands Awards Ceremony during the Consumer Electronics Show (CES) 2015 in Las Vegas.
ZTE Corporation (“ZTE”) today unveiled a redesigned logo, presenting a new corporate identity that is aligned with the company’s strategy to focus on transformative value-added M-ICT innovations for consumers, carriers, enterprises and organizations as mobile connectivity and cloud-based technologies reshape the digital landscape.
ZTE Corp expects its business to grow faster abroad than at home, boosted by huge demand in the emerging markets of Africa, Southeast Asia and South America. “We will try to maintain a balance between the developed markets and the emerging ones, with the US and Europe remaining our biggest markets even as the emerging markets provide huge potential,” said Shi Lirong, the chief executive of the mainland’s largest listed telecommunications equipment manufacturer.
Earlier today, a story originating on the 21st Century Business Herald went viral on Chinese tech media, reporting that Huawei and ZTE sent letters to Xiaomi, Oppo, and Vivo accusing them of patent infringement. Tech in Asia contacted Xiaomi and Oppo for a statement. Xiaomi says it never received such a letter. Additionally, Huawei’s head of intellectual property, Jason Ding, refuted the rumor on his Weibo account, confirming Huawei did not send the letter.
Chinese telecom device maker ZTE Corporation has won the bid for 4G LTE project construction from Southeast Asia Telecommunications Holdings Limited. At the same time, ZTE Senior Vice President Zhang Renjun and Southeast Asia Telecom Group Chairman Zuo Huazheng signed a memorandum and strategic cooperation agreement on behalf of the two parties.
DÜSSELDORF, GERMANY: ZTE Services Deutschland GmbH, a ZTE Group company, has announced today that it has secured two new Managed Services contracts with European network operators. One contract was signed with Netherland’s largest network operator KPN on Voicemail Hosting.In Luxembourg, ZTE has won a comprehensive service contract for the operation, maintenance and roll-out of the core network of MVNO (mobile virtual network operator) JOIN Experience. ZTE will also become the sole network equipment provider for JOIN’s core network.
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, is pleased to be awarded 30.77% of China Mobile Group’s annual tender for high-performance routers, the second-highest allocation among all vendors. As a result of the tender, ZTE’s ZXR10 M6000-S broadband multi-service gateway will be qualified for deployment in China Mobile’s networks for services including 4G LTE, IP MAN networks, internet data centers, and enterprise-class services.
Because telecom carriers in China have sharply reduced subsidies to smartphone purchasing, China-based smartphone vendors, which used to cooperate tightly with telecom carriers and adopted a strategy of flooding the market with multiple smartphone models, are turning to marketing through retail and online channels, significantly reducing the number of smartphone models customized specifically for telecom carriers, according to Digitimes Research’s recent findings.
China’s ZTE Corporation has signed a contract with Slovak operator SWAN for a nationwide LTE network project. ZTE will exclusively construct a core CS/PS network, and a GSM/LTE mobile communications and value added services network, involving over 1,100 dual-mode GSM/LTE base stations to SWAN. Financial terms of the deal were not released.
NEW DELHI: Chinese handset maker ZTE is expected to launch its premium ‘Nubia Z7 Max’ handset in India ahead of the festive season to compete in the fiercely contested smartphone market. Nubia Z7 Max, priced at around Rs 26,000, will be the first device from ZTE’s premium phone range to debut in India, the world’s fastest growing smartphone market. ZTE will launch the device around September-October in the Rs 24,000-26,000 range, sources said.
SHANGHAI: Betting big on the burgeoning affordable handset market in India, Chinese telecom major ZTE today said it plans to set up a new R&D centre dedicated to mobile phones. The firm will also launch six new smartphones this year to tap the multi-billion dollar opportunity in India. ZTE will price the smartphones between Rs 7,000 to Rs 18,000 catering to entry, mid and high-end segments.