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 compared with 3% globally.
The last quarter of 2016 was particularly good for Chinese brands in India, accounting for 46% of total smartphone shipments, up from 14% in the last quarter of 2015.
India has also attracted interest from Chinese retailers – specifically from a retailer of mobile phones. In June 2016, Hong Kong-listed Beijing Digital Telecom Company, which has a chain of 1,600 independent and franchised outlets across China, said that it had entered into an investment agreement to acquire a 49% equity interest in Spice Online.
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