Chinese smartphone maker Nubia plans to invest $100 million over the next five years for expanding its operations in India.
The five year goal of Nubia is to reach 10 million annual sales of its smartphones after building the brand. In that process it plans to invest in mobile technology startups and forge partnerships with local content creators in order to build an ecosystem around its products.
Nubia is a majority-owned subsidiary of ZTE Corporation. Nubia was founded in 2002 and is headquartered in Shenzhen’s Hi-Tech Industrial Park, China.
The company’s major businesses include 2G/3G wireless terminals, mobile phones, modules, and value-added services. In addition to value-added services, its main product lines are GSM/CDMA/WCDMA/ EVDO mobile phones, CDMA 1X /EDGE/ EVDO data cards, GSM/CDMA/HSDPA/EVDO wireless modules, and fixed wireless terminals.
About ZTE Corporation
ZTE Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, China. It was founded in 1985.
ZTE operates in three business units: carrier networks (54%), terminals (29%) and telecommunication (17%). ZTE’s core products are wireless, exchange, access, optical transmission, and data telecommunications gear; mobile phones; and telecommunications software. It also offers products that provide value-added services, such as video on demand and streaming media. ZTE primarily sells products under its own name but it is also an OEM(original equipment manufacturer).