News Snapshot:
Transsion, the Chinese telecom company that dominates the African market, has reported strong growth for Q2 after experiencing five quarters of decline. This news comes as a relief to the company. It has been working to expand its market share in South and Southeast Asia. To make up for its losses in Africa. According to a preannouncement made on Wednesday, Transsion’s Q2 revenue increased by 30.7 percent year over year to 15.8 billion yuan (US$2.2 billion). Profits doubled from the previous quarter to 1.6 billion yuan, 83 percent higher than a year ago. Total H1 revenue and profits increased by...
