Nov 15, 2023 04:02 AM

TECH

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

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(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.

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