Apple Rival Oppo Bets on Markets Beyond China for Fresh Growth [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
(Bloomberg) -- Chinese smartphone maker Oppo is pushing for overseas growth, seeking new revenue streams as its home market struggles with a slowing economy and intense competition. Most Read from Bloomberg The closely held company introduced its latest marquee smartphone aimed at global markets, the Find X8, in Bali, Indonesia, on Thursday. The No. 4 phonemaker globally is open to expanding its manufacturing network outside its home market, senior executive Billy Zhang said, stopping short of announcing any specific plans. “We can quickly fulfill local customers' needs with our strong manufacturing capability,” Zhang, president of overseas marketing, sales and services, told reporters in a briefing on the resort island. “Indonesian manufacturing is already a part of our system and we've hired a lot of local workers.” Zhang highlighted the critical role of Indonesia for Oppo's expansion plans, as the largest nation in Southeast Asia pushes multinational companies to invest mo
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