Reuters details how Reliance-Google deal spells trouble for Chinese phone makers

In an in-depth analysis, Reuters detailed how a $4.5 billion deal under which Alphabet’s Google will collaborate with India’s Reliance Industries on a new smartphone likely heralds a big shake-up for the world’s second-largest mobile market. The new phone is set to pose a major challenge to Chinese vendors such as Xiaomi and BBK Electronics, owner of the Realme, Oppo and Vivo brands, which currently dominate a $2 billion market for sub-$100 smartphones in India.

Article Tags
Topics of Interest: DealsTech
Type: Reuters Best
Sectors: Equities
Regions: AsiaNorth America
Story Types: Special Report / Insight
Media Types: Text