ZTE Helps Fund Nubia Business
ZTE today said Suning Rundong has invested $297 million in Nubia Technology. Suning sells electronic goods online in ZTE’s home market of China. ZTE first introduced Nubia as a sub-brand three years ago. With this capital investment from Suning, ZTE will control 60% of Nubia, Suning will control 33.33%, and Yingcai Investment will manage 6.67%. […]