Qiao Xing shares up on large order for mobile phonesQiao Xing Universal Telephone Inc.’s (Nasdaq: XING) stock climbed this morning after the Chinese firm announced it has secured $70 million worth of orders for its Cosun-branded economy mobile phones. The phones are being sold through Qiao Xing’s subsidiary, Huizhou Qiao Xing Communication Industry Ltd., which also recently launched 11 models of its Cosun-branded economy mobile phone handsets in certain locales in China. Qiao Xing Universal CEO Wu Rui Lin said the potential of economically less developed markets for mobile phone handsets “is getting bigger.” He said his firm is poised to take advantage of the market potential by developing desirable products and selling them at competitive prices while keeping operating costs down. spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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