ZTE China plans new stores

Chinese multinational telecommunications equipment and systems company ZTE Corporation plans to open 23 stores this year, mainly in China but also Germany and Mexico.

Meanwhile, its latest smartphone, the flagship Axon 7, will go on sale for $449 in the US next month, up against Apple’s iPhone 6s and Samsung’s Galaxy S7.

Headquartered in Guangdong, ZTE China has three business units – carrier networks (54 per cent), terminals (29 per cent) and telecommunication (17 per cent). Its core products are wireless, exchange, access, optical transmission and data telecommunications gear, mobile phones and telecommunications software.

ZTE China also offers video on demand and streaming media. It primarily sells products under its own name.