Surging sales of cut-price smartphones mass produced in China has meant that the country’s handset makers now account for about a fifth of global branded sales.
Companies that few people know outside China, such as Yulong, which makes Coolpad devices, and Xiaomi, have soared in the past year, according to Canalys, the global research group. Yulong, along with Chinese rival Lenovo, has entered the top five of global handset makers for the first time, pushing out better known Western names such as Nokia and BlackBerry that once dominated the market.
Along with Huawei, ZTE and Xiaomi, these Chinese companies make up a fifth of the total branded smartphone market, up from less than 15 per cent a year ago.
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