Chinese brands have replaced iPhones and Hyundai in Russia's war economy | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

'Chinese manufacturers were already popular in Russia before the war, accounting for approximately 40% of the smartphone market in December 2021. Now, they’ve taken over almost entirely,' writes Michelle Toh | Analysis

Over the past year, hundreds of global brands have fled Russia in response to its invasion of Ukraine. That’s forced Russians to find alternatives for everything from smartphones to cars. The companies benefiting: Chinese competitors. Smartphone giant Xiaomi and automaker Geely are among those that have seen sales surge in recent months, industry data shows.

Last year, the government authorized what are known as “parallel imports” of smartphones, which allowed goods to be brought in from neighboring countries, such as Kazakhstan. The practice helped major Russian retailers to continue selling Samsung and Apple phones after direct shipments were suspended, Counterpoint Research analyst Harshit Rastogi wrote in a blog post. But the measures come with potential problems.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Are you surprised that they filled the void created by our economic sanctions?

Smh

Westerns automatic coalition it's a harm for the world. The vote in internationals organizations doesn't make sense again.under false accusation thousand of people have be killed in Irak with no regard of any country of west.

well china products are garbage so 🤷🏼‍♂️

This is the way

Russians customer data is being sucked into China for use against the Russian citizens at a time that suits the PRC.

Enquanto há dinheiro na Rússia.

Well what the hell did Biden think would happen?

If make peace now, everything remain the same so why not try find a solution. Building up a business is difficult but killing it is so easy and rebuilding what's lost later?

When the West chooses to fight with customers; what else do they expect their customers to do but not go to competition?

So be it. A drowning economy. Let the Chinese companies be the bottom feeders.

Arab States, Russia 🇷🇺 and After that, in USA'S 🇺🇸 neighbouring/ally country, Canada, it'll be China's 🇨🇳 next business partner just in next few years. Allegations of China's support in Canadian elections 'll leave its effects.

China makes cheap to mid level chips. We want Taiwan tech it's one of the main reason why we're backing Taiwan. Which if yall didn't know is actually the original democratic party of China. We should be backing Taiwan over Ukraine lol

Business is business ain’t it? 😂

It's time to make Russia china's only trading partner

Chinese brands are junk. Let Russia have junk. Who cares.

Good luck selling stuff in russia.

So who cares, Putin and Russia will pay the price later

Once the new Neuromophic computing technology gets in full swing, no one will want to buy Chinese products running outdated technology. 😉

Nice ..with Huawei the Chinese military could run Russia by remote soon!!!

Its beautiful..ist?...u thought u the masters🤣

Well Apple and Samsung pulled out of the Country so ya know.

That's not all they're strengthening as their alliance grows stronger by the day. Next target... USA. While Biden obsesses over Ukraine, he doesn't even see it coming. 😳 As usual.

China thanks USA & their puppets for the sanctions on Russia😂

China looked at Joe's sanctions (the sanctions that were designed to deter this type of activity) and straight up laughed at Joe's sanctions.

Lol the problem starts when Western media thinks the sky will fall if the US sanctions countries. Thts where the danger is. Countries are now mulling doing international business with alternative currencies bcz the dollar is politicised and used to micro-manage others

But but China bad

Good job! Thanks Europe and America. And thanks Ukraine.

The western give Chinese companys this chance,so what?

It’s not really our business what China does and we need to stop acting like the world police, that’s Trumpian behavior

Western loss is Chinese gain.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines