Smartphone maker hoping to grab greater domestic market share with AXON 7

Chinese smartphone maker ZTE Corp unveiled its high-end flagship AXON 7 smartphone and its first matching VR devices on Thursday. It also plans to continue to expand in international markets, including the United States and Europe.

"The international market accounts for about 70 percent of total revenue and we have performed well in Germany, Spain and Russia, where the sales witnessed a steady growth," said Adam Zeng, CEO of ZTE Mobile Devices.