Smartphone maker Transsion's profits jump
Posted: Wed Jan 22, 2025 3:52 am
China News on Transsion – Smartphone Maker Increases Profits by 173% in 2019
Chinese smartphone maker Transsion Holdings posted a net profit of 1.79 billion yuan (about $253 million) in 2019, up 172.8 percent year-on-year.
Revenue rose 11.9 percent to 25.3 billion yuan last year, the Shenzhen-based company said in its annual report.
Transsion Holdings unveiled the China Science and Technology Innovation Council, known as STAR market, in Shanghai in September 2019.
With three mobile phone brands – TECNO, itel and Infinix, the company is a provider of smart devices and mobile internet services to consumers in emerging markets and is among the most popular smartphone brands in Africa.
Theory
Conspiracy theories or hints at the truth
The lab director also dismissed theories that the lab accidentally azerbaijan telegram database released the coronavirus it collected from bats for research purposes, saying the lab's biosafety procedures were strictly followed, Reuters reported.
“ High-level biosafety laboratories have sophisticated containment facilities and strict measures to ensure the safety of laboratory personnel and protect the environment from contamination ,” he said.
He said his institute was committed to transparency and would share all available data on the coronavirus in a timely manner.
As for the origin of the virus, Yuan told Reuters there were “ still no answers .”
He cited a paper by British and German scientists published this month suggesting that the SARS-CoV-2 variant spreading in the United States was a more “primitive” version of the one that spread in China, and may have appeared there first.
Positive findings
Chinese smartphone maker Transsion Holdings posted a net profit of 1.79 billion yuan (about $253 million) in 2019, up 172.8 percent year-on-year.
Revenue rose 11.9 percent to 25.3 billion yuan last year, the Shenzhen-based company said in its annual report.
Transsion Holdings unveiled the China Science and Technology Innovation Council, known as STAR market, in Shanghai in September 2019.
With three mobile phone brands – TECNO, itel and Infinix, the company is a provider of smart devices and mobile internet services to consumers in emerging markets and is among the most popular smartphone brands in Africa.
Theory
Conspiracy theories or hints at the truth
The lab director also dismissed theories that the lab accidentally azerbaijan telegram database released the coronavirus it collected from bats for research purposes, saying the lab's biosafety procedures were strictly followed, Reuters reported.
“ High-level biosafety laboratories have sophisticated containment facilities and strict measures to ensure the safety of laboratory personnel and protect the environment from contamination ,” he said.
He said his institute was committed to transparency and would share all available data on the coronavirus in a timely manner.
As for the origin of the virus, Yuan told Reuters there were “ still no answers .”
He cited a paper by British and German scientists published this month suggesting that the SARS-CoV-2 variant spreading in the United States was a more “primitive” version of the one that spread in China, and may have appeared there first.
Positive findings