A Chinese mobile phone retailer acquires a stake in an Indian online telecom business. Is this a harbinger of more action to come? Rebecca Abraham reports
As the expansion of China’s mobile phone market slows, interest from Chinese manufacturers in India’s booming market has skyrocketed. Research from Counterpoint, a Hong Kong-based market monitoring service, shows that smartphone shipments in 2016 grew at 18% in India as compared to 3% globally,
The last quarter of 2016 was particularly good for Chinese brands in India. They accounted for 46% of total smartphone shipments, up from 14% in the last quarter of 2015.