ZTE

Chinese vendor ZTE booked modest profit and revenue gains in the opening quarter of 2024, highlighting a shift beyond its core telecoms business as domestic operators encounter pressure from a downbeat investment environment.

China-based ZTE recorded double-digit profit gains in 2023, with revenue growth falling due to slowing overall domestic sales and declines in its consumer and enterprise businesses.

ZTE launched a 5G edition of its 3D tablet, promoting the device as the first of its kind, in addition to a roll of products under its Nubia and Red Magic brands at MWC24 Barcelona. 

Cui Li, chief development officer and chief of staff at ZTE, in an exclusive interview with Mobile World Live at its headquarters in Shenzhen, expressed wide optimism brisk demand for efficient and green technologies and industrial transformation gear, and a rebound in China will boost its long-term fortunes.