Changhong's H5108 smartphone. (File photo/courtesy of Popoc.com)
China's Sichuan Changhong Electric Company on Aug. 16 launched its first smartphone, the H5018.
The new smartphone, priced at less than 1,000 yuan (US$157), is supported by hardware and software technology from the state-run telecom carrier China Unicom, contract manufacturer Foxconn and the leading Chinese search website Baidu, according to China Trade News.
The four partners are looking to grab a share of the budget smartphone market with the new gadget with a favorable price/performance ratio. The phone boasts a thin and colorful case and offers Baidu's cloud platform with around a million songs and 100GB of free internet storage, giving the Android-powered phone an advantage among other smartphones of similar price.
The move is a milestone in the cooperation between Changhong and Foxconn toward their goal of producing 50 million handsets a year in the future, said Changhong.
The company has signed an agreement with China Unicom to develop the high-speed wireless network used by the carrier and smart applications for home appliances, following previous cooperation with China Telecom.
Both companies will integrate their own resources in the home appliance and telecom industry respectively to promote business for both sides, added Changhong.
Sichuan Changhong Electric Company 四川長虹
China Unicom 中國聯通
China Telecom 中國電信