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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)
The following press releases and media reports about Chinese companies were carried on October 22. To view a full article or story, click on the link next to the headline.
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Starbucks (Nasdaq: SBUX) Under Media Fire In China For High Prices (English article)
We’re rapidly running out of days in October for 2 major telecoms developments that many were expecting this month, namely the awarding of new licenses for 4G wireless service and for new telecoms service providers known as virtual network operators (VNOs). There are still 10 days left in the month, so it’s possible that one or both could still happen. But the usual delays could mean we may not see any major announcements for a little while longer. Meantime, media are reporting some new information on a timetable for the VNO roll-out; and in another major development that could shake up the status quo, media are also saying that leading wireless telco China Mobile (HKEx: 941; NYSE: CHL) could soon get a license to offer fixed-line telecoms services. Read Full Post…
I had to smile when I read a new report that levels harsh criticism at Chinese firms for their lack of transparency, since anyone who lives and works in China knows that this kind of opaqueness is rampant in China’s secretive corporate culture. It’s interesting to note that the report takes aim at China’s state-run corporate sector, where transparency is almost a dirty word and publicly traded giants like China Mobile (HKEx: 941; NYSE: CHL) and PetroChina (HKEx: 857; Shanghai: 601857; NYSE: PTR) justify their stance by hiding behind their powerful and well-connected state-owned parents. But China’s publicly listed companies that come from the private sector are also often guilty of similar sins, with company founders often using their firms as personal fiefdoms. Read Full Post…
China’s telecoms regulator has just made an interesting move that indicates leading telco China Mobile (HKEx: 941; NYSE: CHL) may get a much shorter head start than previously expected over smaller rivals China Unicom (HKEx: 762; NYSE: CHU) and China Telecom (HKEx: 728; NYSE: CHA) in the nation’s migration to 4G wireless service . The move looks potentially significant to me because it also comes as the regulator, the Ministry of Industry and Information Technology (MIIT), is also preparing to issue its first batch of 5 or 6 virtual network operator (VNO) licenses, which will create much needed new competition for the 3 existing state-run telcos. Read Full Post…
Let’s end this back-to-work week with a few telecoms news bits, starting with word that leading telco China Mobile (HKEx: 941; NYSE: CHL) has wisely decided to abandon a bid for a Pakistani telco. Media are also reporting that China Mobile is edging closer still to a long-awaited deal to offer iPhones on its network, with word of a new key hiring move by Apple (Nasdaq: AAPL). Lastly there are reports that China Telecom (HKEx: 728; NYSE: CHA), the smallest of China’s 3 carriers, has selected suppliers for the first phase of construction for its 4G networks, giving most of the business to Chinese firms. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 11. To view a full article or story, click on the link next to the headline.
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Alibaba Gives Up Plan For Hong Kong Listing – CEO (Chinese article)
Suning (Shenzhen: 002024) Wins Fund License, Prepares To Roll Out Product (Chinese article)
China Mobile (HKEx: 941) Quits Race For Pakistan Telco Warid (English article)
Tencent (HKEx: 700) Targets 2 Bln Yuan In 2013 Mobile Gaming Revenue (English article)
Ctrip (Nasdaq: CTRP) Prices Offering of $700 Mln Convertible Senior Notes (PRNewswire)
The following press releases and media reports about Chinese companies were carried on October 10. To view a full article or story, click on the link next to the headline.
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Lenovo (HKEx: 992) In Talks To Acquire HTC (Taipei: 2498) – Report (English article)
Ctrip (Nasdaq: CTRP) Announces Proposed Offer Of $500 Mln Convertible Notes (PRNewswire)
The following press releases and media reports about Chinese companies were carried on September 27 to October 1. To view a full article or story, click on the link next to the headline.
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China Mobile (HKEx: 941) Guangdong Unit Announces 4G Package (Chinese article)
Xiaomi MIUI Store to Remove Qihoo 360 (NYSE: QIHU) Apps (English article)
58.com to Submit IPO Prospectus to SEC By End September – Source (English article)
China To Offer Tax Breaks To Solar Power Manufacturers (English article)
Lenovo (HKEx: 992) Aims At Apple, Samsung With New VIBE Brand Smartphones (Chinese article)
The following press releases and media reports about Chinese companies were carried on September 27. To view a full article or story, click on the link next to the headline.
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China’s Top Appliance Maker Gree (Shenzhen: 000651) Eyes Banking Business (English article)
LDK Solar (NYSE: LDK) Enters Forbearance Arrangement with Noteholders (PRNewswire)
Alibaba’s TMall Issues Requirements For International Merchants (English article)
I’ve been writing with growing frequency about the impending release of 4G mobile licenses, as local media report almost weekly on the latest developments in this highly anticipated event. The latest reports aren’t all that exciting, citing a regulatory source saying rumors that licenses will be issued this month are most likely untrue. Meantime, leading telco China Mobile (HKEx: 941; NYSE: CHL) doesn’t seem to care about the actual release date, and has already started its own aggressive campaign for advance sign-ups of 4G subscribers in major cities like Shanghai. Amid all this buzz, I thought I’d also take a look at what’s ahead for 4G once it actually launches, as I do see a rather bumpy road for the technology in its first year. Read Full Post…
October is quickly shaping up as a Golden Telecoms Month for China, with a growing number of major events looking set to take place in the month that starts off with the October 1 Golden Week holiday. Major developments that look likely to occur next month include the long-awaited awarding of 4G mobile licenses, and the announcement of another highly-anticipated deal that would see dominant telco China Mobile (HKEx: 941; NYSE: CHL) finally offer an Apple (Nasdaq: AAPL) iPhone on its network. But perhaps the biggest development for the month could see China’s telecoms regulator announce its first round of highly anticipated licenses for up to 6 new “virtual telcos”, known in the industry as virtual network operators (VNOs). Read Full Post…
