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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)
China’s 2 smaller telcos, China Telecom (HKEx: 728; NYSE: CHA) and China Unicom (HKEx: 762; NYSE: CHU), are reportedly urging the telecoms regulator to quickly give them new 4G licenses as they find themselves in the uncomfortable position of rapidly losing share to dominant carrier China Mobile (HKEx: 941; NYSE: CHL). The development looks a bit worrisome from a broader market perspective, as it appears to show that 3 years of steady gains by the 2 smaller companies in the 3G era could quickly be reversed if the regulator doesn’t act soon, stifling competition and hurting consumers as China Mobile re-emerges as the nation’s overwhelmingly dominant player. Read Full Post…
New data is showing an acceleration in the decline of text messaging (SMS) in the new age of over-the-top (OTT) services like WeChat, underscoring the urgency for China’s 3 telcos to find new replacements for this important revenue generator. The decline of SMS isn’t new, and has been discussed by all 3 of China’s state-run telcos at one time or another over the last 2 years. The issue was also at the center of a high-profile dispute between China Mobile (HKEx: 941) and Tencent (HKEx: 700) in late 2012, involving the rapid rise of WeChat. But the latest figures do point to an acceleration of the decline, which will lead to hundreds of millions of dollars in lost revenue for the big telcos. Read Full Post…
Last month’s launch of China’s first new mobile services in a decade is showing early signs of shaking up the market, with competition likely to intensify as more licenses are awarded to a new generation of privately owned virtual network operators (VNOs). According to the latest headlines, the Ministry of Industry and Information Technology (MIIT) is getting ready to issue its third round of VNO licenses, which allow private companies to sell telecoms services under their own brands by leasing network capacity from the nation’s 3 existing state-run telcos. Read Full Post…
Just days after Beijing reportedly issued an unusual order for China’s 3 telcos to rein in their promotional spending, leading carrier China Mobile (HKEx: 941: NYSE: CHL) is detailing plans that look like it is preparing to do just the opposite. The company’s top executives were being quite talkative at a major telecoms show happening this week in Shanghai, and their aggressive push into 4G services was clearly at the top of their list of talking points.
The new message sends a signal that China Mobile will aggressively promote 4G for the remainder of the year, meaning we’re unlikely to see any cut in its promotional spending. To the contrary, the spending binge is likely to put further pressure on China Mobile’s fading profits, which have declined in each of the last 3 quarters.
The following press releases and media reports about Chinese companies were carried on June 12. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Targets 100 Mln 4G Terminal Sales This Year – Chmn (Chinese article)
The following press releases and media reports about Chinese companies were carried on June 10. To view a full article or story, click on the link next to the headline.
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Legend Holdings Profit Up 20 Pct In 2013, Becomes Limited Stock Company (Chinese article)
China Mobile (HKEx: 941) Takes 18 Pct Stake In Thai Carrier True Corp (HKEx announcement)
The following press releases and media reports about Chinese companies were carried on June 7-9. To view a full article or story, click on the link next to the headline.
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COFCO Meat Brings in KKR, Baring PE, HOPU, Boyu as Strategic Investors (Businesswire)
China Mobile (HKEx: 941) Rolls Out Own-Brand 4G Phone Selling For 999 Yuan (Chinese article)
Apple (Nasdaq: AAPL) Steps Up Campaign To Woo China Developers (English article)
Xiaomi China Sales Surpass Apple (Nasdaq: AAPL) In Q1 (Chinese article)
Trina Solar (NYSE: TSL) Announces Pricing Of Offering Of 8.8 Mln ADSs (PRNewswire)
Anyone who thought that Chinese telcos behaved like commercial companies is getting a lesson in the country’s unique blend of capitalism, with news that all 3 state-run carriers have been ordered to slash their promotional spending. In any other market, such a move would carry huge anti-competitive overtones and the regulator would quickly step in and stop such coordinated action. But this isn’t any other market, and the order to slash spending is coming from the government organization that is effectively the major shareholder of China Mobile (HKEx: 941; NYSE: CHL), China Unicom (HKEx: 762; NYSE: CHU) and China Telecom. (HKEx: 728; NYS:E CHA) Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 29. To view a full article or story, click on the link next to the headline.
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UK Fraud Office Probes GSK (London: GSK) After Claims Of Foreign Bribery (English article)
China Mobile (HKEx: 941) Relaunches Own Brand Of Mobile Phones (Chinese article)
CCTV Attacks BMW (Frankfurt: BMW) Again On High Prices For Imports (Chinese article)
I was disappointed but certainly not surprised to read that homegrown telecoms equipment giants Huawei and ZTE (HKEx: 763; Shenzhen: 000063) won the big majority of a major new batch of contracts from dominant wireless carrier China Mobile (HKEx: 941; NYSE: CHL) to build its 4G network. Regular readers will know that I’m a strong advocate of free trade, and believe that Chinese and western equipment sellers should receive 4G contracts in any country roughly in line with their global market share. But in China such major purchasing often has a political element, especially when the buyer is a state-run company, which is clearly the case here. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 24-26. To view a full article or story, click on the link next to the headline.
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ZTE, Huawei Win Bulk Of China Mobile’s 2nd Batch Of 4G Contracts -Sources (English article)
Video Sharing Site Xunlei Files To Raise Up To $100 Mln In New York IPO (Chinese article)
SNS Shopping Site Mogujie Lands $100 Mln In New Funding – Source (English article)
India Hits US, China With Solar Imports Anti-Dumping Duties (English article)
Chinese Carmaker BYD (HKEx: 1211) Offering $400m In New Shares (English article)
