(Yicai Global) Aug. 23 -- Shenzhen TXD Technology will supply internal component parts, including display modules, to Vivo Communication Technology, which ranks near the top in China's domestic mobile phone shipments.

TXD recently signed a purchase agreement with Vivo and two of its affiliated companies, the Shenzhen-based liquid-crystal display module maker announced yesterday.

Guangdong province-based Vivo is a young, vibrant, stylish smartphone brand which touts itself as being dedicated to the pursuit of fun. Its domestic market share has expanded rapidly in recent years. Vivo ranked third and had a 19 percent share of China's market in the second quarter, per figures from market analytics firm IDC, the announcement said.

The agreement marks a significant achievement in TXD's cultivation of business and the landing of this cooperative project is expected to lay a solid foundation for the company's growth, per the announcement.

Editor: Ben Armour