The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in June and suspended another factory late last year, underscoring stiff competition in the country.
Sony also said it was closing its Beijing smartphone plant and would only make smartphones in Thailand.Samsung’s share of the Chinese market shrank to 1% in the first quarter from around 15% in mid-2013, as it lost out to fast-growing homegrown brands such as Huawei Technologies and Xiaomi Corp , according to market research firm Counterpoint.
Samsung, the world’s top smartphone maker, said it had taken the difficult decision in a bid to boost efficiency. It added it would however continue sales in China
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