HK Stock Market Move | Shenzhen Transsion Holdings Co., Ltd. (02636) rose over 4% in late trading but still fell below its issue price; the company reached a long-term patent cross-licensing agreement with Qualcomm.

Shenzhen Transsion Holdings Co., Ltd. (02636) rose over 4% in late trading but still remained below its issue price of HK$35.3. As of press time, it was up 4.21% at HK$34.68, with a turnover of HK$55.4027 million. On the news front, on October 16, Qualcomm announced that it has renewed a long-term global patent licensing agreement with Shenzhen Transsion Holdings Co., Ltd. The agreement covers 4G and 5G mobile terminals and is valid until the end of 2031. This renewal consolidates the 4G and 5G agreements into a single long-term contract, marking a complete resolution of the patent dispute between the two parties. According to Frost & Sullivan data, in 2025, Shenzhen Transsion Holdings Co., Ltd. ranked third in the global mobile phone market by sales volume, with approximately 169 million units sold and an 11.8% market share; it ranked eighth by revenue, with revenue of approximately US$8 billion and a 1.7% share. In emerging markets, the company ranked first by mobile phone sales volume, with a 20.0% share; in the African market, it ranked first by sales volume, with a 53.1% share.