BlackRock Increases Stake in ZTE Corp H Shares to 6.93%

BlackRock has increased its long position in H shares of ZTE Corp to 6.93%. ZTE specializes in telecommunications equipment and solutions, with net sales broken down into wired and mobile network operators (73%), individuals (15.9%), and enterprises/government organizations (11.1%). Sales are geographically distributed with 67.1% in China, 14.5% in Asia, 13.6% in Europe-Americas-Oceania, and 4.8% in Africa.