Chinese billionaire George Zhu's Africa phone giant Transsion launches Hong Kong IPO

Billionaires Africa | 08.10.2026 05:20
Shenzhen Transsion Holdings, the Chinese company founded by George Zhu that sells more mobile phones in Africa than any other, has launched a Hong Kong share sale to raise up to HK$3.36 billion, about $428 million, to fund a push into artificial intelligence.