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Reuters: Chinese smartphones comprise more than 70% of Russian market
April 18, 2023 8:14 AM 1 min read
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Chinese smartphone sales comprised more than 70% of the Russian market, according to the Reuters article citing consumer electronics retailer M.Video-Eldorado.
Xiaomi and Realme brands took up the market space created by the exits of Samsung and Apple after the full-scale invasion.
The demand for Chinese brands rose by 42% since last year, according to the report.
China has publicly maintained a neutral position in the war. On April 14, Chinese Foreign Minister Qin Gang said his country wouldn't sell weaponry to either side of the Russia-Ukraine war.
On April 16, Chinese Defense Minister Li Shangfu met with Russian dictator Vladimir Putin to discuss military cooperation between the two states.
The Kyiv Independent news desk
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