ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation) is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, China. It is the world's fourth-largest mobile phone manufacturer measured by 2012 unit sales and the world's fifth-largest telecoms equipment maker measured by 2012 revenues (after Ericsson, Huawei, Samsung, and Nokia Siemens Networks).2012 Annual Report from ZTE Corporation
ZTE, initially founded as Zhongxing Semiconductor Co., Ltd in Shenzhen, China, in 1985, was incorporated by a group of investors associated with China's Ministry of Aerospace.20 Years History of ZTE Corporation by Mr. Huang Guo in 2005.
In March 1993, Zhongxing Secmiconductor has changed its name into Zhongxing New Telecommnication Equipment Co., Ltd with a capital of RMB 3 million, and created a new business model as named "state-owned and private-operating" economic entity. Ties to the state notwithstanding, the corporation has evolved into ZTE Corporation of being publicly traded having made an initial public offering (IPO) on the Shenzhen stock exchange in 1997 and another on the Hong Kong stock exchange in December, 2004.