Huawei and Xiaomi lead China smartphone market’s double-digit rebound

Huawei Technologies Co. and Xiaomi Corp. led a resurgence in China’s smartphone market, which shook off oversupply issues and an ailing economy to register double-digit growth in October.

Phone sales in the world’s biggest mobile market were up 11% in the first four weeks of last month compared to the same period a year ago, according to Counterpoint Research data. Huawei improved by 83%, while Beijing-based Xiaomi was up by a third. Apple Inc.’s latest iPhone has had an unusually muted debut in China this year, and domestic rivals are capitalizing with a wide range of new products.