ZTE Corp, the world's fourth-largest mobile phone manufacturer, aims to increase the number of smartphones it produces this year to 35 million.
The release of Xiaomi Corp's new smartphone is set to beef up the Chinese brand's muscle to challenge global brands such as Apple Inc and Samsung Electronics Co.
Lenovo Group Ltd sold more cell phones than PCs in the second quarter of 2012, doing so for the first time in a quarterly period, the company said.
Chinese smartphone manufacturer Xiaomi Corp secured $216 million during its latest round of financing, the company's founder and president said.
Will any Chinese mobile phone company replicate Apple Inc's success? The answer from Chairman and CEO of Xiaomi Corp Lei Jun, may be a big "Yes".
HTC Corp announced on that all its shipments to the US have cleared a customs review, thereby completing proceedings for US import.
Foxconn Technology Group will invest $210 million to build an Apple production line in October in east China's Jiangsu province, local authorities announced Monday.
ZTE Corp plans to strengthen its position in European market in fields of telecom infrastructure, smartphones and government and enterprise solutions.
ZTE and Huawei both want to challenge the dominant positions in the global high-end market.
The net profit of Huawei, which is among the world's top makers of telecommunications equipment, stood at 11.6 billion yuan ($1.84 billion) in 2011.
China's smartphone maker Xiaomi Corp on Tuesday sold 150,000 phones in just 12 minutes as it launched the seventh round of online sale.
Huawei said founder Ren Zhengfei will split the role of chief executive officer with a panel of three executives who will rotate at six-month intervals.
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