They may or may not have unique products to the market, but, the stocks are listed as a Chinese company.
ZTE (click here)
China
(Jurisdiction of incorporation or organization of issuer)
It's executive offices are registered as New York City.The Equitable Building (click here) is located on 120 Broadway, New York, NY 10005 at the corner of Pine Street and Broadway.
The registered website is:
http://wwwen.zte.com.cn/en/about/investor_relations/.
Page 21 under the registration:
ZTE Corporation, a company organized under the laws of China. The Registration Statement is being filed for the purpose of registering Five Million (5,000,000) ADSs under the Securities Act of 1933, as amended (the “ Securities Act ”).
It is a multinational corporation. There is more to ZTE than meets the eye,
April 17, 2018
The U.S. government (click here) said Chinese telecommunications-gear maker ZTE (ZTCOY, -15.37%) violated the terms of a sanctions settlement and imposed a seven-year ban on purchases of crucial American technology needed to keep it competitive.
The Commerce Department determined ZTE, which was previously fined for shipping telecommunication equipment to Iran and North Korea, subsequently paid full bonuses to employees who engaged in the illegal conduct, failed to issue letters of reprimand and lied about the practices to U.S. authorities, the department said.
“Instead of reprimanding ZTE staff and senior management, ZTE rewarded them,” Commerce Secretary Wilbur Ross said in the statement. “This egregious behavior cannot be ignored.”....
And, of course, the US government got a cut of the action. It would seem as though ZTE has very high hopes. (click here)
ZTE USA, headquartered in Richardson, Texas, is a subsidiary of ZTE Corporation, a global provider of mobile devices, telecommunication systems, and enterprise solutions. Operating since 1998, ZTE USA is dedicated to making cost-efficient, quality communication technology accessible to all. ZTE is ranked by independent industry analysts as the fourth-largest supplier of mobile devices in the U.S. overall, and second-largest supplier of prepaid devices.
March 7, 2017HONG KONG — As one of China’s (click here) few truly international technology companies, ZTE is often held up by Beijing as part of a new generation of firms that is able to compete beyond Chinese borders.
On Tuesday, the United States government made an example of ZTE in a different way.
As part of a settlement for breaking sanctions and selling electronics to Iran and North Korea, ZTE agreed to plead guilty and pay $1.19 billion in fines, the United States Department of Commerce said in an announcement. The penalty is the largest criminal fine in a United States sanctions case.
The action is the latest in a series of skirmishes between the United States and China over technology policy. It also offered a chance for President Trump’s young administration to make a statement about the seriousness of United States sanctions. In addition to ZTE, the Commerce Department is also investigating the company’s larger Chinese rival, Huawei, for violating United States sanctions....
Store Locator: (click here)
Amazing. It would seem as though there is a ZTE store in every neighborhood in the country. Why aren't these phones selling in China?
How far did the Iranians have to walk to find a phone store, West Africa?
This is the problem with countries that covet the USA for it's corporate profitability. This is the problem with Goldman Sachs coveting the USA for it's profitability. Enough!
The rest of the world needs to work on it's GHG emissions and securing their OWN middle class and phone companies.
It is called quality of life and every person in every country should be working to achieve it. This is a shame. It is really a shame. Wall Street needs to hang it's head in shame to look for cheap labor while the people live in substandard conditions.
I am kind of curious as to the design and technology of the phones and how much they may match USA technology produced by cheap Chinese labor? There probably aren't any patents filed to protect the rights of the ZTE phones.
