This week’s stunning stock debut of the Chinese company that dominates the African mobile phone market is definitive proof in the promise of the African market. Shenzhen-based Transsion Holdings started trading this week on the NASDAQ-style Star exchange in Shanghai where its stock immediately shot up 64% on the opening day, pushing the company’s valuation close to $7 billion.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.