Beleaguered Samsung ends mobile phone production in China

Reuters:Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
The South Korean tech giant’s ceased phone production in China follows other manufacturers shifting production from China due to rising labor costs and the economic slowdown.
Samsung’s share of the Chinese market shrank to 1% in the first quarter from around 15% in mid-2013, as it