#3: Transsion (Tecno, Infinix & Itel) - From Shenzhen China to dethroning Samsung & Huawei to become Africa's top phone seller
Afrobility: Africa Tech and BusinessPlay episode
Show notes
Overview: Today we’re going to talk about Transsion - The Chinese phone manufacturer that has sold the most phones in Africa since 2017. We’ll discuss its early history, entry & success into Africa, progress in other developing markets, eventual 2019 IPO & Transsion's future outlook
Companies discussed: Transsion (Tecno, Infinix and Itel), PalmPay & Jumia
Business concepts discussed: Customer segmentation, product localization & revenue diversification (hardware vs services businesses)
Conversation highlights:
(00:33) - Transsion: Founding and early history (03:20) - Entry into Africa and design changes for the African market (11:10) - Transsion’s focus on hardware and building services (Payments and Music) (11:30) - Transsion’s Boomplay Music service (17:30) - Transsion’s hardware business (18:30) - IPO (24:06) - Transsion Post-IPO performance (27:10) - Bankole’s overall thoughts and outlook (39:35) - Olumide’s overall thoughts and outlook
Olumide’s recommendations & small wins:
Recommendation: Blitzfail: How Not to Go off the Rails (by David Sacks) Recommendation: The Deep Reset (by Cal Newport) Recommendation: Location & Work (by Fred Wilson) Recommendation: Poor Charlie’s Almanac (by Charlie Munger)
Bankole’s recommendations & small wins:
Recommendation: A Man for all Markets (by Ed Thorp)
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