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Tag Archives: China Mobile
China Mobile latest Business & Financial news from Doug Young, the Expert on Chinese Companies, (former Journalist and Chief editor at Reuters in Asia)
Corporate culture is seldom on public display for most of China’s top tech firms, even though such culture often determines the success or failure of a company and is well known to industry insiders. The internal cultures at PC giant Lenovo (HKEx: 922) and smartphone sensation Xiaomi were the subject of chatter in the blogosphere this past week, as executives from inside and outside the companies discussed the less visible side of these well-known names. In Lenovo’s case, the talk came from a company executive herself, on the release of her new book. The latter saw a couple of outside executives comment on less attractive elements behind the inside culture at China’s hottest smartphone maker.
Meantime, the viral “Ice Bucket Challenge” was also all over the tech sphere, with nearly every major executive mentioning the topic on his personal microblog. Many also took the plunge that raises money for a rare neurological disease, but has also been derided as little more than a publicity stunt. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 26. To view a full article or story, click on the link next to the headline.
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German Car Parts Suppliers Asked To Form JVs In China: Stuttgarter (English article)
Taobao, Vanke (HKEx: 2202) In Property Selling Initiative (Chinese article)
China Mobile (HKEx: 941) Announces Interim Results (HKEx announcement)
Hunan Satellite TV Spends 1 Bln Yuan To Support Mango TV (Chinese article)
MIIT Issues Third Batch Of VNO Licenses To 6 Recipients (Chinese article)
The following press releases and media reports about Chinese companies were carried on August 21. To view a full article or story, click on the link next to the headline.
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12 Auto Parts Makers Fined 1.235 Bln Yuan After Anti-Trust Probe (Chinese article)
Amazon (Nasdaq: AMZN) Opens In Shanghai Trade Zone To Sell Imported Products (Chinese article)
Cost-cutting pressure is putting a squeeze on China’s 3 big telcos, creating an unusual set of conditions that could claim smartphone giants Samsung (Seoul: 005930) and Apple (Nasdaq: AAPL) as victims. The latest signs of trouble for the world’s 2 largest smartphone makers comes in the form of an article in the English language China Daily newspaper, calling on China’s big 3 mobile carriers to stop offering packages with Samsung and Apple smartphones and instead only offer models from domestic manufacturers like Lenovo (HKEx: 992), ZTE (HKEx: 763; Shenzhen: 000063) and Huawei. Further evidence of the pressure the telcos are feeling comes in an unrelated report, which has the trio denying reports that they’re preparing massive layoffs. Read Full Post…
The busiest day of the second-quarter earnings season has just come and gone, with online gaming leaders Tencent (HKEx: 700) and NetEase (Nasdaq: NTES), top telco China Mobile (HKEx: 941; NYSE: CHL), leading PC maker Lenovo (HKEx: 992) and e-commerce high-flyer Vipshop (NYSE: VIPS) all reporting results in the same 24-hour period. I’ll give quick reviews of individual companies shortly, but the bigger picture based on stock reactions seems to be a massive yawn from investors. Most of the stocks were either unchanged or moved slightly downward in response to the earnings reports, meaning most results continued recent company trends.
The lackluster response also hints at some investor fatigue, following a wave of euphoria during a flood of new Internet IPOs in New York in the first half of this year. All that said, let’s take a quick look at each of the reports and what they say about current and future trends. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 15. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Cuts $2 Bln From Phone Subsidy Budget (English article)
Chinese Group Proposes To Buy US Chipmaker OmniVision (English article)
After an embarrassing recent gaffe that saw him ridiculed by fellow smartphone executives, Xiaomi founder Lei Jun was back in the spotlight this week with the launch of his company’s fourth-generation phone aimed at mid-end users. The company managed to get the usual widespread media coverage for the launch of its Mi 4, which it hopes will give it a sales boost necessary to meet an aggressive growth target for this year. But that said, I do sense that media and consumers are starting to tire of the company’s relentless hype and marketing. That could ultimately hurt its growth prospects, especially as China’s mid-range smartphone market becomes flooded with similar products from other domestic manufacturers. Read Full Post…
Regulators in new role as judges for industry clashes
China’s regulators have become involved in mediating a growing number of business disputes, reflecting the recent rise of a new generation of multibillion-dollar private sector companies that are rapidly growing beyond their traditional roots. In most cases, companies that began as Internet firms and high-tech manufacturers have encroached into a wide range of new areas like banking, TV and telecoms services, raising the hackles of big state-owned firms that previously dominated those sectors. Read Full Post…
A rally for shares of China’s 3 major telcos early this week is raising the interesting question of whether an extended uptick is coming for these 3 companies, which are facing several developments that could help to lower costs and boost revenues, raising their profits. Media are citing the newest of those developments, the formation of an infrastructure joint venture between the trio, as the main driver for the Monday rally in shares of China Mobile (HKEx: 941; NYSE: CHL), China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA). But the bigger story is a number of major factors at play, all of which could help these 3 stodgy state-run firms boost their profits. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 9. To view a full article or story, click on the link next to the headline.
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Car Maker Tesla (Nasdaq: TSLA) Sued In China For Trademark Infringement (English article)
SouFun (NYSE: SFUN) Tumbles In New York On Commission Concerns (English article)
China Says GSK-Linked (London: GSK) Trial Being Handled According To Law (English article)
After several false alarms, China’s slow-moving telecoms regulator has finally made its highly anticipated award of 4G licenses to the nation’s 2 smaller telcos, providing a much needed boost as they lose share to dominant telco China Mobile (HKEx: 941; NYSE: CHL). Now China Telcom (HKEx: 728; NYSE: CHA) and China Unicom (HKEx: 762; NYSE: CHA) will have to quickly build networks based on 4G FDD-LTE technology, the standard used in most of the rest of the world that will now finally make its debut in China. Read Full Post…
