Aug 8, 2019

Chinese cellphone maker Transsion plans for Shanghai IPO

Illustration: Sarah Grillo/Axios

Transsion, a Chinese mobile phone maker focused on African markets under the Tecno brand, plans to raise upwards of $426 million in a Shanghai IPO.

Why it matters: It's a reminder of how many Chinese companies have major trading partners besides the U.S., which also was reflected in last night's better-than-expected export data. Sounds obvious, but it can sometimes be lost to myopia.

The bottom line: "Transsion sold 124 million phones globally in 2018, per company data. In Africa, Transsion holds 54% of the feature phone market—through its brands Tecno, Infinix, and Itel—and in smartphone sales is second to Samsung and before Huawei, according to IDC," write TechCrunch's Jake Bright and Rita Liao.

Go deeper: The Chinese IPO boom

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Samsung's delayed Galaxy Fold to debut in Korea

Samsung

Samsung said Wednesday night that the delayed $2,000 Galaxy Fold will go on sale in Korea on Friday and be available in the U.S. "in the coming weeks." Samsung had promised in July that the phone would ship this month, following design changes.

Why it matters: Samsung and other phone makers are hoping foldable will usher in a new era for the smartphone market, but so far things have gotten off to a rocky start.

Database leaked 419 million phone numbers scraped from Facebook

Photo: Avishek Das/SOPA Images/LightRocket via Getty Images

A database of more than 419 million phone numbers taken from Facebook public profiles was accessible on the internet without any security, though it is now removed, reports TechCrunch.

The big picture: The database appears to have been compiled by an unknown group, taking advantage of users that kept their phone numbers in public profiles. Facebook stopped including phone numbers in public profiles last year.

Go deeperArrowSep 4, 2019

Global demand for high-end smartphones is declining


Smartphone sales continued their decline in the second quarter, dropping 1.7% from a year earlier, with demand for high-end phones dropping the most.

Why it matters: The data, from Gartner, suggests a tough environment as Apple, Google and Samsung all are set to introduce new high-end phones to the market. Samsung just launched its Galaxy Note 10, with Google set to introduce the Pixel 4 and Apple expected to debut a new crop of iPhones in the coming weeks.

Go deeperArrowAug 28, 2019