Huawei and WIKO Mobile are set to release a new 5G mobile phone on December 27th. The phone, which will be the first HarmonyOS Connect product for WIKO Mobile, will be a part of Huawei's Smart Select channel and will run on the Hongmeng operating system.
The new phone, which has not yet been officially named, is rumored to be similar to the 5G version of Huawei's nova 9 SE or the Hi nova 9 SE of China Post Communications. However, neither Huawei nor WIKO have confirmed this.
According to reports, the WIKO 5G phone will be powered by a Qualcomm Snapdragon 695 chip and will feature a 108MP main camera, as well as 8MP ultra-wide-angle, 2MP macro, and 2MP depth of field cameras. It will also have a front-facing 16-megapixel lens and a 4000mAh battery that supports 66W super fast charging. The phone will have a large 6.78-inch screen with a 120Hz refresh rate and will be available in two colors: Mithril and Obsidian.
In December 2021, Telling Holdings announced plans to acquire the WIKO mobile phone brand business in conjunction with Dongguan Financial Holdings. This move marked the expansion of Telling Holdings into the upstream of the mobile phone industry chain and the opening of the overseas mobile phone market. However, the brand has not gained significant traction in the domestic market.
WIKO was founded in 2011 and has primarily focused on overseas markets, particularly in Europe and Thailand. The French market has been particularly successful for the brand, with WIKO capturing a 16.8% market share in 2015, second only to Samsung.
The acquisition of the WIKO brand will allow Telling Holdings to strengthen its position in the mobile phone industry and improve the quality and efficiency of its business. It will also increase the international presence and synergy of the company, helping to expand the scale of its overseas operations.
In 2021, Telling Holdings reported revenue of 71 billion yuan, representing a year-on-year increase of 18.76%. The company provides distribution, retail, logistics, and after-sales services for smart terminal products including smartphones, notebooks, tablet computers, smart audio-visual devices, smart wearables, and smart home devices to more than 20,000 downstream business partners. Telling Holdings has established long-term partnerships with major tech companies such as Apple, Huawei, and Samsung.
In addition, Telling Holdings, along with Telling Telecom, Dongguan Trust, CCB Trust, and Jinweike Fund, recently announced plans to acquire a 100% stake in Dongguan Weike, a mobile phone brand, from Shenzhen Tianlong Mobile Technology. The acquisition price is 1 billion yuan, with Telling Communications contributing 300 million yuan of its own funds to acquire a 30% stake in Dongguan Weike. The four transferees will also provide 500 million yuan in operating funds to Dongguan Veike through a capital increase, with Telling Communications contributing 150 million yuan of its own funds. This acquisition is expected to strengthen Telling Holdings' position in the mobile phone industry and expand its overseas operations.
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