Payments through mobile phones in China rose 707 percent year on year in 2013, a research report said on Saturday.
Three of the top five smartphone sellers were Chinese in the second quarter of 2014, as China's low-cost offerings capture market share.
Now that the 14-year ban on game consoles has been lifted, the floodgates are open for a number of the world's leading game console providers to pour into the Chinese market.
Samsung Electronics said Thursday that its second-quarter operating profit dropped due to weak smartphone sales and the local currency's appreciation against the US dollar.
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