Africa’s Top-selling Smartphone Maker Rises in Shanghai STAR

Africa’s Top-selling Smartphone Maker Rises in Shanghai STAR

Transsion Holdings is a Shenzhen-based OEM which wants to be the most preferred smart mobile devices and platforms of choice for emerging market consumers. Its ecosystem consists of African market smartphone leaders. Tecno, Infinix and Itel which dominate with about 48 percent market share. It has ecosystems like Carlcare ( sales services), Palmplay (social network), Palmpay (payment gateway for anything), Boomplay (Africa’s leading music streaming platform), Oraimo for smart accessories and Syinix for home appliances.

Transsion Holdings is a manufacturer of mobile phones based in Shenzhen, China. It was the largest smartphone manufacturer by sales in Africa in 2017, and also sells mobile phones in South Asia. Its brands include phone brands Tecno, Itel and Infinix, after-sales service brand Carlcare, and accessories brand Oraimo (wikipedia)

In 2018, it sold 124 million mobile phones globally and according to IDC ranks 4th in global mobile phone brands. It is the category-king in the African smartphone market.

With R&D Centres in Shanghai and Shenzhen who collaborate with local R&D teams in Nigeria and Kenya, who help in engineering its world-class products for the African market, it has achieved integrated innovation through in-depth and customized cooperation with the smartphone supply chain.

Its manufacturing capabilities have been deepened with facilities in China, Ethiopia, India and Bangladesh and a global sales network which covers more than 70 countries and regions worldwide.

The firm has gone public in the Shanghai Star.

 Transsion’s (makers of Tecno) closed at $6.48 billion valuation on its IPO debut, well ahead of $4 billion it was priced.

The Chinese smartphone company that’s taken Africa by storm had a gangbusters stock market debut. Transsion, which dominates Africa’s phone market with its Tecno brand, soared as much as 96% on its first day of trading on China’s Nasdaq-style stock market, briefly pushing its valuation to $7.7 billion.The stock later gave up some of those gains but still closed up 64%, valuing Transsion at 46.24 billion yuan ($6.48 billion).

Updated: Tecno’s Transsion Closed at $6.5 billion on IPO Debut

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