China Mobile Phone Market Gains 11% Led by Huawei and Xiaomi

(Bloomberg) — Huawei Technologies Co. and Xiaomi Corp. led a resurgence in China’s smartphone market, which shook off oversupply issues and an ailing economy to register double-digit growth in October.

Phone sales in the world’s biggest mobile market rose 11% in the first four weeks of last month compared with the same period a year ago, according to Counterpoint Research data.