Tianjin

Samsung to shut mobile phone plant in China’s Tianjin

Samsung to shut mobile phone plant in China’s Tianjin

SEOUL (Reuters) – Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.The South Korean company has seen its share of the Chinese market shrink to 1 percent in the […]