Formerly called
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China Wireless Technologies | ||||||
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Public | |||||||
Traded as | : 02369 | ||||||
Industry | Consumer electronics | ||||||
Founded |
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Founder |
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Headquarters |
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Area served
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Worldwide | ||||||
Key people
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Products | Smartphones | ||||||
Owner |
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Number of employees
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5,634 (Dec.2015) | ||||||
Subsidiaries | Yulong Computer (100%) | ||||||
Website | coolpad.com.hk |
Coolpad Group Limited | |||||||
Simplified Chinese | 酷派集团有限公司 | ||||||
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Traditional Chinese | 酷派集團有限公司 | ||||||
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Coolpad | |||||||
Simplified Chinese | 酷派 | ||||||
Traditional Chinese | 酷派 | ||||||
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Transcriptions | |
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Standard Mandarin | |
Hanyu Pinyin | Kùpài jítuán yǒuxiàn gōngsī |
Transcriptions | |
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Standard Mandarin | |
Hanyu Pinyin | Kùpài |
Coolpad Group Limited formerly known as China Wireless Technologies Limited is a Caymans-incorporated holding company. Its major subsidiary Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd., is a Chinese telecommunications equipment company headquartered in Shenzhen, Guangdong. It was a large smartphone company in China (as of 2012) and the largest Chinese domestic brand by sales outside of China (as of 2014). From January to June 2012, the company had a market share of shipments of 10.4%.
Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd. (Chinese: 宇龙计算机通信科技(深圳)有限公司) is a wholly owned subsidiary and predecessor of Coolpad Group, that was incorporated on 29 April 1993 in Shenzhen, China. It was a Sino-foreign joint venture, which Shenzhen University Culture Technology Services owned 52% stake, and a Hong Kong-incorporated company Dickman Enterprises owned 48%. Guo Deying (Chinese: 郭德英) was the first chairman of Yulong who later became the largest shareholder and chairman of Coolpad Group. Guo was an academic staff of the Shenzhen University, which he resigned in order to lead Yulong in that year. Dickman Enterprises was majority owned by Tsang Dick-man (Chinese: 曾迪民) for 60% shares, which Dickman Enterprises nominated him as the director of Yulong until July 2001.
In 1999, a 52% stake of Yulong, that was held by Shenzhen University, was sold to wife and mother-in-law of Guo for CN¥3.81 million. in June 2001, the remaining 48% was also acquired by Guo and his wife from Dickman Enterprises for CN¥1.488 million, making Guo, his wife and his mother-in-law owned 100% stake of Yulong.
Yulong at first was a maker of pagers and paging systems. In 2002 the company started to make mobile phones.
Coolpad was originally the smartphone brand of Yulong. In 2002, an overseas holding company, China Wireless Technologies Limited was incorporated in the Cayman Islands, for the shares of Yulong; China Wireless Technologie's shares were floated in the in 2004, which was considered as an international/offshore market for mainland Chinese companies and citizens.