Coolpad

Coolpad Group Limited (stylized in its lower logo coolpɑd) is a Chinese telecommunications equipment company headquartered in Shenzhen, Guangdong.

[4] 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 Hong Kong stock exchange in 2004, which was considered as an international/offshore market for mainland Chinese companies and citizens.

[8] In 2005 the company made a phone with dual SIM-slot which could operated simultaneity in both GSM and CDMA-based mobile networks, which was the first manufacturer in the world to invent it.

[15] However, the company was suffered from the poor sales of their 3G smartphones in 2015 financial year, which saw a 41% drop in total revenue;[5] thanks to 3% increase in revenue of 4G smartphones and extraordinary profit by selling part of the stake of Coolpad E-commerce, the company avoided a net loss but a net profit of HK$2.3 billion.

[22] In October 2017, the company also entered real estate industry by signing a cooperative agreement with a Chinese developer, in order to re-develop its old headquarters in Shenzhen: "Coolpad Information Harbor".

However, days after vice-chairman and CEO Jiang Chao appearance in the Consumer Electronics Show, he was removed from the board and other positions in January 2019.

As of 31 December 2015[update], rest of the shares (about 61.95%) were small investors who were not require to disclose their interests to pursuant to Section 336 of the Securities & Futures Ordinance of Hong Kong.

Despite all of the member of the board directors of Coolpad Group also owned small stakes that were required to disclose their interests to pursuant to another section of the ordinance: Jiang Chao (0.59%), Li Bin (1.58%), Li Wang (0.59%), as well as independent directors Chan King Chung (0.01%), Huang Dazhan (0.01%) and Xie Weixin (0.01%).

[5] On 17 December 2014, Palo Alto Networks announced it had found a backdoor on many Coolpad handsets, and dubbed it "CoolReaper".

CoolPad