Tag: Transsion
Related Posts
U.S.-China Technology “Cold War”: Exploring Africa’s Options
In 2019, Jack Dorsey, co-founder of Twitter, and Jack Ma, co-founder and former executive chairman of Alibaba, visited several African countries such as Nigeria, Ghana, South Africa, and Ethiopia, where they met and interacted with African tech-Savvy youths. The two ‘Jacks’ represent two different paradigms of technology, ...
QZ Africa Editor Yinka Adegoke on the Current State of China-Africa Relations
There've been major developments over the past week in the African debt crisis. It appears that Angola and China reached a consensus on how to restructure the estimated $20 billion of loans that Luanda owes Beijing. This deal then paved ...
Pandemic? Pfffff! Chinese Phone Giant Transsion Still Generating Huge 2020 Profits
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 ...
Tecno’s Response to This Week’s Malware PR Crisis: “Keep Calm and Carry On”
The news that Chinese-owned African mobile phone giant Tecno sold tens of thousands of phones infected with malicious viruses between 2018 and 2019 is now a major international story. CNN, the BBC and dozens of African news outlets have been ...
Transsion’s Transgressions in Africa
Transsion has long been the pride of China's private sector engagement in Africa. It's conquered the African mobile phone market by providing affordable devices that include a number of fantastic features customized specifically for local consumers. Its suite of brands including Tecno, ...
Development and the Complications of Tech
Today's news presents a vivid, if sobering, glimpse into the complications of Chinese tech in Africa. The same company - Transsion - is both boosting African startups and allegedly allowing African consumers to be scammed. The discussion about the spread ...
Pre-Installed Malware on Some Tecno Phones Stole Money, Data From Unsuspecting Users in Africa
An investigation by the mobile security firm Secure-D confirmed that some Tecno phones sold in Africa and other parts of the world came pre-installed with malware. The infected phones would secretly download apps and attempt to trick users into subscribing for paid ...
Few Africans Consume China’s Official Media, But Everyone Loves the Content They Get on Chinese Tech Platforms
China has invested millions in building a sizable media presence in Africa with hundreds of staff at CGTN's production hub in Nairobi, stakes in South Africa's Independent Media Group and dozens of Xinhua news agency bureaus across the continent. China thought that if it could build a ...
The China-Africa Tech Roundup with Andile Masuku
When Shenzhen-based Transsion Holdings IPO'd last month no one predicted that it would surge a stunning 64% on its opening day of trading in Shanghai, pushing the company's valuation to around $7 billion. But ...
Transsion IPO Proves the Promise of the African Market
This week's stunning stock debut of the Chinese company that dominates the African mobile phone market is definitive proof in the promise of the African market. Shenzhen-based Transsion Holdings started trading this week on the NASDAQ-style Star exchange in Shanghai where its stock immediately shot up ...
The Chinese Mobile Phone Company That Dominates in Africa is Now Worth $4 billion
The Shenzhen-based parent company of the hugely popular Tecno brand of phones in Africa went public this week and raised $395 million dollars in an initial public offering on Shanghai's brand new NASDAQ-like tech-focused stock exchange. Transsion Holdings sold 80 million ...