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U.S. election commission fines Jeb Bush Super PAC, Chinese company

Jeb Bush, former Governor of Florida, speaks during the Milken Institute Global Conference in Beverly Hills, California
Jeb Bush, former Governor of Florida, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Mike Blake

March 11, 2019

By Ginger Gibson

WASHINGTON (Reuters) – The federal election oversight agency has levied a record fine against the Super PAC that backed former presidential hopeful Jeb Bush, who ran as a Republican in 2016, and a Chinese-owned corporation, according to a watchdog group that filed the initial complaint.

The Campaign Legal Center had asked the Federal Election Commission (FEC) to impose sanctions in 2016, after The Intercept reported that American Pacific International Capital, Inc (APIC) had made $1.3 million in contribution to the Right to Rise PAC.

APIC released a statement saying they are a U.S company and voluntarily agreed to the settlement with the FEC.

“The Commission expressly acknowledged that the company did not knowingly or willfully violate any U.S. campaign finance laws,” APIC said in a statement provided to Reuters. “American Pacific International Capital remains committed to compliance with all campaign finance laws and regulations.”

The Campaign Legal Center, however, called it a victory for transparency.

“Today’s action is a rare and remarkable step by the FEC, and a reminder that safeguarding our elections against foreign interference is in America’s vital national security interests,” said Campaign Legal Center President Trevor Potter.

The FEC alleges that two Chinese citizens, Gordon Tang and Huaidan Chen, who are prohibited from making campaign donations, funneled their contributions through APIC to avoid detection.

APIC was fined $550,000 for making the contributions and Right to Rise was fined $390,000 for soliciting a foreign national contribution.

Federal law prohibits foreign nationals or foreign companies from contributing to U.S. political campaigns or candidates.

The documents released by the Campaign Legal Center do not implicate Bush, who spent months before formally launching his campaign fundraising for the Right to Rise PAC.

Right to Rise spent millions trying to help elect Bush president. He ultimately lost the Republican nominating contest to Donald Trump.

The PAC was dissolved after Bush was defeated. A representative could not be contacted for comment.

(Reporting by Ginger Gibson; editing by Jonathan Oatis)

Source: OANN

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U.S. antitrust scrutiny tests T-Mobile’s $26 billion bet on Sprint

FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration
FILE PHOTO: A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration taken April 30, 2018. REUTERS/Dado Ruvic/Illustration

April 18, 2019

By Carl O’Donnell and Liana B. Baker

(Reuters) – T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.

Growing skepticism from the U.S. Department of Justice’s antitrust staff over the impact of the merger on competition in the market will test the resolve of the companies to complete the deal that would see the top U.S. wireless carriers shrink to three from four.

While the Department of Justice has yet to reach a decision on whether to approve the deal, it is pushing Sprint and T-Mobile for evidence that the merger would be in the interest of U.S. consumers, people familiar with the matter said this week.

The deal would be the third major attempt in less than a decade to consolidate the U.S. wireless market, after AT&T Inc’s $39 billion deal to buy T-Mobile in 2011 was blocked, and Sprint and T-Mobile abandoned a previous attempt to negotiate a merger in 2014 following regulatory opposition.

If completed, the deal would create a carrier with 127 million customers that will be a more formidable competitor to the No.1 and No.2 wireless players, Verizon Communications Inc and AT&T, respectively.

“It is time to acknowledge that the odds of the deal are less than a coin toss,” said Craig Moffett, a senior analyst at Moffett Nathanson, in a note.

Sprint shares are down more than 6 percent after the Wall Street Journal reported the merger is unlikely to be approved as currently structured, despite T-Mobile CEO John Legere tweeting that the premise of the story was “simply untrue”.

Sprint and T-Mobile are arguing that the U.S. wireless telecommunications industry has changed substantially since 2014, when they last attempted to merge.

The changes include the development of ultra-fast 5G networks, Sprint’s struggles to operate on its own given its swelling debt load, and the marriage of telecommunications infrastructure with media production, as epitomized in AT&T’s $85 billion acquisition of Time Warner Inc.

These changes, as well as the companies’ belief that the current Department of Justice antitrust chief, Makan Delrahim, will take a more generous view of the deal than past leadership did, gave the two companies the confidence to take another shot at merging last year, they added.

Antitrust staff at the Department of Justice have taken a skeptical stance, however. They have been asking for more information about the extent of Sprint’s challenges as a standalone company, the two companies’ plans to merge their wireless network, and the benefits of the merger for the companies’ planned 5G network buildout, the sources said.

T-Mobile has also been very efficient in cutting prices for consumers, and there are questions within the Department of Justice whether this would continue after a merger with Sprint, the sources added.

In a sign of the regulatory challenges facing the deal, T-Mobile and Sprint did not agree to any breakup fee should regulators scuttle the merger.

KEEPING UP WITH RIVALS

Sprint, which is majority owned by Japan’s SoftBank Group Corp, has struggled to keep pace with rivals, hemorrhaging cash and losing subscribers despite price cuts designed to keep pace with T-Mobile, which has been steadily gaining market share from rivals. T-Mobile is majority owned by Germany’s Deutsche Telekom AG.

At the same time, China has poured vast amounts of money into the development of 5G networks, prompting U.S. President Donald Trump’s administration to prioritize the rollout of the technology in the United States.

Meanwhile, AT&T’s Time Warner deal, and Comcast Corp and Charter Communications Inc, which developed wireless offerings to compete with T-Mobile and Sprint, increased some telecommunication companies’ ability to bundle wireless plans with other offerings, including streaming video content.

That has increased pressure on T-Mobile and Sprint to increase investment in their own networks, which they can afford to do more if they gain scale through the merger.

T-Mobile acquired cable company Layer3 TV in 2017 and rolled out its own television service in 2018. That combination of content and wireless plans, the companies have argued to regulators, could position a combined company as a more serious competitor to companies such as AT&T that offer bundled services.

(Reporting by Carl O’Donnell and Liana B. Baker in New York; Editing by Muralikumar Anantharaman)

Source: OANN

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Rep. Van Drew: Closing Southern Border Would Damage Trade

Rep. Jeff Van Drew, D-N.J. says closing the southern border would hurt U.S. trade with Mexico.

Van Drew made his comments on Wednesday during an interview on Hill.TV.

"I don't want to see the borders closed," Van Drew said.

"We do a lot of trade with Mexico, and I know for a fact that if we close the borders, not only will it hurt Mexico, it will hurt the United States as well.”

Van Drew maintained the U.S. should have “safe, intact, borders,” which he said should include an “actual physical border.”

"I would think a more intelligent and better way would be to begin this bigger picture discussion in the longer term of how we're just going to settle this issue once and for all," he said, referring to immigration reform.

"It has gone on for so many years," he added. "It is a display of the dysfunction that people who are on the outside don't like."

"I would think a more intelligent and better way would be to begin this bigger picture discussion in the longer term of how we're just going to settle this issue once and for all," he said, referring to immigration reform.

Trump has been threatening to close the southern border to fight illegal immigration, but he appeared to take a step back on Tuesday.

Source: NewsMax Politics

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South Korean watchdog cuts fine on Qualcomm after decade-old legal battle

A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai
A Qualcomm sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai, China November 6, 2018. REUTERS/Aly Song

March 21, 2019

SEOUL (Reuters) – South Korea’s antitrust regulator has lowered a decade-old penalty imposed on U.S. chipmaker Qualcomm Inc by 18 percent to $200 million, the Korea Fair Trade Commission (KFTC) said on Thursday.

The cut comes after the Supreme Court in January overturned one of several lower court rulings against the U.S. firm for abusing its dominant market position.

In 2009, the KFTC fined Qualcomm 273 billion won ($242.6 million) for abusing its market power in CDMA modem and radio frequency chips, which were then used in handsets made by South Korea’s Samsung Electronics Co Ltd and LG Electronics Inc.

The KFTC said it had reset the penalty to reflect the Supreme Court’s ruling, adding however that a “monopolist enterprise’s abuse of its market position cannot be tolerated”.

The fine is the latest in a series of antitrust rulings and investigations faced by Qualcomm from regulators across the globe.

In a separate case, the South Korean regulator fined Qualcomm $854 million in 2016 for what it called unfair business practices in patent licensing and modem chip sales.

Qualcomm did not immediately respond to a request for comment.

(Reporting by Ju-min Park; additional reporting by Stephen Nellis in San Francisco; Editing by Stephen Coates)

Source: OANN

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White Sox give Jimenez $43 million before he reaches majors

FILE PHOTO: MLB: Chicago White Sox-Media Day
FILE PHOTO: Feb 21, 2019; Glendale, AZ, USA; Chicago White Sox outfielder Eloy Jimenez (74) poses for a photo on photo day at Camelback Ranch. Mandatory Credit: Allan Henry-USA TODAY Sports

March 20, 2019

Without playing in a major league game, outfielder Eloy Jimenez agreed to a six-year deal worth a guaranteed $43 million with the Chicago White Sox on Wednesday, multiple outlets reported.

The deal, which also includes two option years, is a record in guaranteed money for a player already in a team’s system who had not logged a day of big league time. Jimenez has played in the White Sox’s organization since 2017 when he was acquired in the deal that sent left-hander Jose Quintana to the Chicago Cubs.

Including the options, Jimenez’s contract would be worth $77 million, according to ESPN.

Jimenez, the White Sox’s top prospect, had already been assigned to Triple-A Charlotte to start the upcoming season, but the deal means that he is now expected to be in the team’s Opening Day lineup on March 28 at Kansas City.

Because the contract will take him into his initial free agency years, the White Sox can put Jimenez on the major league roster now without worrying about starting his free-agency clock. If he played three weeks in the minor leagues to start this season, it would have delayed his move into free agency by one year. The new contract eliminates that scenario.

Jimenez, 22, batted .337 with 22 home runs and 75 RBIs in 108 games last season between Double-A Birmingham and Triple-A Charlotte. He is a .311 hitter in five minor league seasons with 65 home runs.

The previous record in guaranteed money for a player already in an organization was the six years and $24 million the Philadelphia Phillies agreed to with Scott Kingery last March. The previous record before that was the $10 million guarantee between Jon Singleton and the Houston Astros in 2014.

–Field Level Media

Source: OANN

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Free Trade is Pro-Middle Class and Pro-Family

The most sophisticated proponents of protectionism acknowledge the economic arguments in favor of free trade, but portray their position as transcending economics and the free traders’ superficial hunger for “cheap stuff.”

These protectionists instead champion loftier goals such as the political and societal benefits of a robust middle class. But, leaving aside the economic superiority of free trade, protectionism still falls short of free trade in achieving the protectionists’ own stated goals; it is free trade which preserves peace and community.

Advocates for tariffs often support them in the name of supporting a strong middle class, the existence of which, they claim, provides political and societal benefits that outweigh the overall efficiency losses tariffs bring about. It is true that, in the short term, taxing foreign steel benefits the specific industries whose output is steel, and may increase the number of jobs and/or salaries in steel production. However, this is at the expense of every industry whose inputs include steel. Steel factory employment comes at the cost of car factory employment. Now, what if foreign steel were not taxed, but rather a lower-order good, closer to immediate consumption, like foreign cars were instead taxed?

It is more difficult to see why taxing cars would hurt American workers other than reducing the workers’ — and everyone else’s — purchasing power qua consumers. But it would still be harmful. It would hurt taxi drivers, Uber, Lyft, truck and limo drivers, and all of the industries tied to the people and cargo transported in these vehicles. Descending the ladder of production, what if tariffs were placed on finished consumer goods? Would this benefit the middle class producers of this consumer good without hurting other middle class workers? Not necessarily, because, as mentioned above, higher prices for consumer goods may reduce domestic spending in other domestic industries, and in that way hurt middle-class workers. Moreover, these tariffs hurt foreign consumers, who in turn will have less money with which to purchase U.S. products.

If one’s goal is to use tariffs to bring net benefit to the domestic middle-class, even if it means sacrificing overall economic efficiency, then such a person faces a metaphysically possible but hopelessly complex puzzle, like running through a rainstorm and dodging all of the raindrops. The odds that political actors will identify the ideal tariff, dispassionately enforce it without being swayed by special interests or the temptation of increasing revenue, prevent illegal circumvention of the tariff, and then constantly adjust the tariff in real time as changing conditions render a new tariff rate necessary, are somewhat below fifty percent.

Social Benefits

Free trade, in addition to allowing consumers to amass larger amounts of essentials like baby food, fuel, and medical equipment, offers social and political benefits. Free trade creates special interests for peace. With or without tariffs, there are special interest groups that pine for war. Those who sell the weapons and the inputs for the weapons to belligerent states seek war. Free trade counteracts these entrenched bellicose interests with countervailing self-interest. Companies that do business between countries, companies that produce part of their product here, and part there, that buy from here and sell there, desire peace. When war comes, sanctions, blockades, and bombs will ruin those companies, and so they have a motivation to be lobbyists for peace. A free trade regime does not categorically rule out war, but it is a force that will, other things equal, tend to make war less common, and that’s of monumental importance.

Free Trade Brings Communities Together

Protectionism, rather than holding communities together, can sever them across political lines. When empires collapse, or parts of nations are conquered by their neighbors, tariffs along new political boundaries can sever traditional bonds. If Armenians within the Ottoman empire are separated from Armenians within the Russian empire by trade restrictions, then that community is deprived of the full benefits of commerce, by which individuals’ fates are tangibly and symbiotically intertwined. If Austrians suddenly find themselves within the new borders of Italy, and can trade more freely with southern Italians hundreds of miles away than they can with their former compatriots whom they can see across the border, previously existing local bonds are weakened. In other situations, bonds that would have formed in the counterfactual world with free trade, do not.

There is more to life than accumulating material possessions. I have met few or no people who think otherwise. Those who value strong families, tight communities, hard work, and spiritual health should favor free trade so that the inputs upon which workers’ livelihoods depend are not artificially scarce; so that tariffs do not drain the purchasing power of consumers whose demand supports industries; so that nations are more reluctant to war with one another; and so that commerce, one of the great engines of social harmony, is not hindered between neighbors kept apart by political boundaries.



The conspiracy regarding college admissions has become a perfect example of the greed of the elite and could actually take down Deep State actors in the process.

Source: InfoWars

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Congressman Wants to Cut Foreign Aid From Host Countries of Illegals

GOP Rep. Michael Burgess of Texas suggested cutting foreign aid to the host countries of illegal immigrants, on “Fox & Friends” Monday, to make up for financial losses suffered by the government.

“This bill is a bill that I had introduced before in 2014 when it was predominantly the unaccompanied minors that were coming across. I recognize that it was costing the taxpayer quite a lot to keep kids in shelters for 30 to 60 days until they could be placed with families in this country,” Burgess said.

“Deduct that amount of money from the foreign aid that’s going back to the host country or the originating country. So the calculation then was $15,000,” he continued. “I’ve actually increased that to $30,000 per child because the length of stay has increased and it’s costing a lot more to take care of these kids in shelters. There’s, what, 14, 15,000 children in shelters right now — the taxpayer’s footing the bill for that. It makes no sense then to ask the taxpayer to send money back to the home country in foreign aid. Those countries need to step up. They need to do the job.”


From Sex Cults to public groping, the top levels of the US Government are infested with creeps and perverts. Tom Pappert breaks down how their deviancy runs deeper than you imagine.

Burgess also said it’s hard to foresee a bipartisan solution for immigration when Democrats are pushing for open borders and abandoning border security.

“Right now the rhetoric I’m hearing and what I’m hearing in my committees and what is being discussed is people want no borders. The Democrats want no borders,” he said, adding:

“They really do favor just having a region rather than a border and let the free flow of goods and people come just traverse that area. Clearly a country needs borders. You’ve got to — if you don’t have borders, you don’t have a country. And the president’s said that and I agree with him very much. But the rhetoric that I’m hearing on the hill is one that is not in favor of strengthening border security.”


Alex Jones exposes the dark hypocracy of leftists.

Source: InfoWars

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A California man who allegedly fatally shot his ex-girlfriend in broad daylight last month before fleeing the country has been returned to the U.S. following his arrest in Mexico on Wednesday, authorities said.

Julio Cesar Rocha, 25, of Montlcair, is accused of shooting his 25-year-old ex-girlfriend Thalia Flores and a second unidentified male victim March 21 around 2:45 p.m. while the two were sitting in a vehicle in the parking lot of a discount store in Chino. Both communities are about 36 miles east of Los Angeles.

ARREST MADE IN DOUBLE HOMICIDE OF EX-PRO HOCKEY PLAYER, COMMUNITY ADVOCATE, POLICE SAY

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores.

Julio Cesar Rocha, 25, of Montlcair, Calif. was located in Mexico Wednesday and returned to California where he faces murder and attempted murder charges related to the death of his ex-girlfriend, Thalia Flores. (City of Chino Police Department)

Flores died at the scene. The man, whose name was not released, walked to a nearby hospital where he’s recovering from his gunshot wounds.

Rocha allegedly fled the scene and remained at large for more than a month, the Daily Bulletin reported. He was formally arrested at 4:30 p.m. after arriving at Los Angeles International Airport from Mexico, KTLA-TV reported.

The suspect was booked at the West Valley Detention Center in Rancho Cucamonga on murder and attempted murder charges, the City of Chino Police Department said on Facebook.

Flores ended her seven-year relationship with Rocha just two months before her death and still lived in fear of him until that point, a sister of the victim, Bernice Flores, told the Daily Bulletin.

“He said himself so many times to other people, ‘If I can’t have her, no one will.’ ” Flores said, adding that her sister stayed in the relationship longer that she would have liked in fear that Rocha would hurt her or her family if they broke up.

Rocha was convicted on misdemeanor battery in 2016 and sentenced to 60 days in prison. He was originally charged with misdemeanor assault with a deadly weapon, but the charges were lowered in a plea deal, the Daily Bulletin reported.

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Rocha was convicted of misdemeanor resisting or obstructing a peace officer in 2014. A second charge of misdemeanor battery was dropped in a plea deal, and Rocha was ordered to complete a 26-week anger management course, according to San Bernardino County Superior Court records. Rocha was later arrested and sentenced to 10 days behind bars for failing to complete the course.

Source: Fox News National

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Multiple people died Thursday when a semitrailer plowed into stationary traffic that resulted in explosions and flames on a Colorado freeway, authorities said.

The incident occurred just before 5 p.m. in the Denver suburb of Lakewood when a truck driver lost control while traveling east on Interstate 70, according to a preliminary investigation. The collision started a chain reaction and a diesel fuel spill, Lakewood police spokesman Ty Countryman told the Denver Post.

“This is looking to be one of the worst accidents we’ve had here in Lakewood,” he said.

The driver of the runaway truck survived. At least one truck was carrying lumber, another was hauling gravel and the third may have been carrying mattresses, KDVR-TV reported.

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Lakewood police tweeted there were multiple fatalities but did not give a specific number. Six people were taken to a hospital. Their conditions were not released, according to the paper.

Lanes in both directions were closed and expected to remain so into Friday morning.

Source: Fox News National

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President Trump will address members and leaders of the National Rifle Association on Friday at the group’s annual convention in Indiana.

Around 80,000 gun enthusiasts and more than 800 exhibitors are expected to pack the Indiana Convention Center in Indianapolis for the three-day event, the Indianapolis Star reported. It will mark the third straight year that Trump will deliver the keynote address, where he is expected to champion the rights of gun owners.

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes,” Chris Cox, executive director of the NRA’s Institute for Legislative Action (ILA), said in a statement. “President Trump’s Supreme Court appointments ensure that the Second Amendment will be respected for generations to come. Our members are excited to hear him speak and thank him for his support for our Right to Keep and Bear Arms.”

“Donald Trump is the most enthusiastic supporter of the Second Amendment to occupy the Oval Office in our lifetimes.”

— Chris Cox, executive director, NRA’s Institute for Legislative Action

COLORADO ENACTS ‘RED FLAG’ LAW TO SEIZE GUNS FROM THOSE DEEMED DANGEROUS, PROMPTING BACKLASH

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

President Donald Trump speaks at the National Rifle Association annual convention in Dallas last year. (Associated Press)

Trump and Vice President Mike Pence spoke at last year’s convention in Dallas. During his speech, Trump assured gun owners that he would protect their Second Amendment rights, according to the paper.

“Your Second Amendment rights are under siege,” Trump told the cheering audience in Dallas. “But they will never, ever be under siege as long as I am your president.”

Trump has supported some gun control measures in the past. Last year, his administration imposed a ban on bump stocks, attachments that enable semiautomatic rifles to fire in rapid bursts. Although, he most recently threatened to veto two Democratic gun control bills.

This year’s convention comes as the NRA faces outside pressure and internal problems. The group has seen its legislative agenda stall amid a series of mass shootings — including a massacre at a Parkland, Fla., high school in February 2018 that left 17 dead and launched a youth movement against gun violence.

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It’s also grappling with infighting in its ranks, money problems and investigations into whether Russian agents courted officials and funneled money through the group.

“I’ve never seen the NRA this vulnerable,” said John Feinblatt, president of Everytown for Gun Safety, a nonprofit that advocates for gun control measure.

The convention will run through the weekend and conclude Sunday.

The Associated Press contributed to this report.

Source: Fox News Politics

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FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London
FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon Dawson

April 26, 2019

(Reuters) – Ailing British retailer Debenhams said two proposed company voluntary arrangements (CVA) could see all its stores remaining open during 2019, with 22 closures planned for next year, putting about 1,200 jobs at risk.

Debenhams’ lenders took control of the retailer earlier this month in a process designed to keep its shops open at the expense of shareholders.

(Reporting by Noor Zainab Hussain in Bengaluru; editing by Gopakumar Warrier)

Source: OANN

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FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London
FILE PHOTO: Xiaomi branding is seen on a carrier bag at a UK launch event in London, Britain, November 8, 2018. REUTERS/Toby Melville

April 26, 2019

BENGALURU (Reuters) – Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo.

Xiaomi’s India shipments fell by 2 percent over last year, but the Beijing-based company was still the biggest smartphone brand in the country, followed by Samsung Electronics Co Ltd, according to Hong-Kong based Counterpoint Research.

Shipment volumes for Vivo jumped 119 percent, while those of Oppo rose 28 percent.

“Vivo’s expanding portfolio in the mid-tier range ($100 to $180) drove its growth along with aggressive Indian Premier League cricket campaign,” Counterpoint analysts said.

India is the world’s fastest growing market for smartphones, where affordable pricing coupled with features like “selfie” cameras and big screens have popularized Chinese brands.

Video streaming services like Netflix Inc and Hotstar, as well as heavy usage of messaging apps like Facebook Inc’s WhatsApp have further spurred demand.

“Data consumption is on the rise and users are upgrading their phones faster as compared to other regions,” Counterpoint’s Tarun Pathak said.

“As a result of this, the premium specs are now diffusing faster into the mid-tier price brands. We estimate this trend to continue leading to a competitive mid-tier segment in coming quarters.”

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

Source: OANN

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