Pandemic? Pfffff! Chinese Phone Giant Transsion Still Generating Huge 2020 Profits

Nigerian Afrobeats superstar, Davido posing for ad campaign for Transsion's Tecno line of popular phones. Photo via Tecno.

Transsion, the Shenzhen-based African mobile phone giant, posted surging revenue and profits for the first half of 2020. The ongoing pandemic doesn’t appear to have dented demand for its phones and services. Profits for the first six months of the year jumped 33.4% compared to the same time last year.

Revenue was also strong with a 31.6% year-on-year bounce.

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by Eric Olander

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