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ZTE China plans new stores

By Minjun Park
1 min read
ZTE China plans new stores
In this article (5)

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.

Questions & Answers

Q.

Which countries are targeted for ZTE's new store openings this year?

A.

ZTE plans to open 23 new stores, mainly in China, but also in Germany and Mexico. This expansion focuses on key markets for the company.

Q.

What is ZTE's main business unit by revenue share?

A.

The carrier networks business unit generates 54 per cent of ZTE China's revenue, making it the largest contributor among its three units.

Q.

When will the Axon 7 smartphone be available in the US and what will it cost?

A.

The flagship Axon 7 smartphone is set to go on sale in the US next month. It will be priced at $449 upon release.

Q.

What are some of ZTE's core product offerings?

A.

Its core products include wireless, exchange, access, optical transmission, and data telecommunications gear. The company also produces mobile phones and telecommunications software.

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