Shenzhen-headquartered smartphone vendor Transsion Holdings has completed its pre-listing tutoring with Citic Securities, which takes it one step closer to its initial public offering via China’s Science and Technology Innovation Board, the broker disclosed last week.
Transsion, a brand barely known in its home country because it focuses on sales in the African continent, is among hundreds of companies lining up to list on the high tech board which is predicted to start trading as early as July.
Transsion took a 34.3% market share in Africa’s phone space in 2018, outperforming Samsung with a 22.6% market share and Huawei with a 9.9% market share, data from research company IDC shows. The firm also shipped 6.4 million phones in India in 2018, accounting for 4.5% of the Indian market, ranking fifth among all vendors there.
New launches, big wins: Early StageNew launches, big wins: Early Stage
Chinese companies are flocking to India, but their optimism needs to be temperedChinese companies are flocking to India, but their optimism needs to be tempered
Nikkei teams up with 36Kr in Asia tech news coverageNikkei teams up with 36Kr in Asia tech news coverage
Grady Laksmono of Moka on supporting small businesses: Startup StoriesGrady Laksmono of Moka on supporting small businesses: Startup Stories
The continent of the 21st century: Venture VoicesThe continent of the 21st century: Venture Voices