What is Coolpad?

Coolpad sells more devices in its home market than either Apple or Samsung. It is second only to Xioami and Lenovo and commands 11.5 percent of the smartphone market. It’s the world’s seventh largest. Coolpad has actually been around since 1993, making white-label devices for big operators like T-Mobile. But it emerged as its own brand on the back of the Android boom. However, it hasn’t been plain sailing for the OEM. Since acquired by Jia Yueting, Yulong/Coolpad Group also sold mobile phone parts to Lesai Mobile HK associate company of Coolpad Group. The connected transaction was renewed on 16 May 2017; in 2016 the transaction value in the connected deal was HK$192.774 million. The shares of Coolpad Group was also suspended from trading since 31 March, as the external auditor requested the company to provide more information, in order to verify the 2016 financial statements of the company.

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