Nokia Signs A $320 Million Deal With China’s 360Buy.com To Sell Its Phone In The Country

Posted on Dec 21 2012 - 3:57pm by Editorial Staff
Nokia

The Finnish mobile maker, Nokia has signed an agreement with Chinese ecommerce site 360buy.com in which the site will sell up to RMB 2 billion (about $320 million) worth of phone next year. The move means 360buy will now officially work as a licensed Nokia vendor, The Next Web reports.

Counting on Nokia isn’t the only company who is feeling the cold in the country, but other companies also on same front. Going in the year back scenario, Nokia sold 20.2 million handsets in the Greater China region, while during the same period last year in 2011; company counts on for the sales of 15.9 million, 21 percent down. Well, would be great to see now how things go for company with the newly deal.

Photo Credit: roland via photopin cc

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.