'Chinese manufacturers were already popular in Russia before the war, accounting for approximately 40% of the smartphone market in December 2021. Now, they’ve taken over almost entirely,' writes Michelle Toh | Analysis
Over the past year, hundreds of global brands have fled Russia in response to its invasion of Ukraine. That’s forced Russians to find alternatives for everything from smartphones to cars. The companies benefiting: Chinese competitors. Smartphone giant Xiaomi and automaker Geely are among those that have seen sales surge in recent months, industry data shows.
Last year, the government authorized what are known as “parallel imports” of smartphones, which allowed goods to be brought in from neighboring countries, such as Kazakhstan. The practice helped major Russian retailers to continue selling Samsung and Apple phones after direct shipments were suspended, Counterpoint Research analyst Harshit Rastogi wrote in a blog post. But the measures come with potential problems.
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