If You Are Looking For Red Magic You Are In Right Place. Buy Redmagic 5G Mobile And Accessories At Noordeal.com At Best And Cheap Price. Nubia Technology is a Chinese smartphone manufacturer headquartered in Shenzhen, Guangdong. Originally started as a wholly owned subsidiary of ZTE in 2012 and it became an independent company in 2015 and received a significant investment from Suning Holdings Group and Suning Commerce Group in 2016. ZTE reduced its stake in Nubia to 49.9% in 2017 officially meaning Nubia was no longer considered a subsidiary of the company, but an associate company.