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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)
A simmering feud between leading wireless carrier China Mobile (HKEx: 941; NYSE: CHL) and top Internet firm Tencent (HKEx: 700) was back in the headlines last week with new accusations by the former against the latter, drawing attention to the near monopoly status that many state-run firms often enjoy due to strong government protection. Beijing should be applauded for finally taking important steps over the last year to end that monopoly in the telecoms space, which has sapped the sector of innovation. Now it needs to extend that approach to other sectors to create firms that can truly compete on the global stage. Read Full Post…
Media are reporting that Internet giant Tencent (HKEx: 700) is following close behind rival Alibaba with plans to launch an investment product that is quite unrelated to any of its core online businesses. The move by China’s biggest publicly listed Internet firm comes as its market value reaches the psychologically important $100 billion mark, making it more than twice as big as China’s second largest telco, China Unicom (HKEx: 762), and more than 10 times larger than leading PC maker Lenovo (HKEx: 992). Its massive size and financial clout have emboldened the company to move outside its core areas into other businesses, some dominated by major state-run firms. Read Full Post…
I’ve been following the microblogs of some of China’s top tech executives for a while now, and am quickly becoming a fan of Li Dongsheng, the man behind leading TV maker TCL (Shenzhen: 000100). Unlike many other executives, who use their microblogs to hype their latest products, Li has shown a more refreshing tendency to also use his Sina Weibo account for some personal introspection. Read Full Post…
Local media are buzzing with word that China’s telecoms regulator has just approved 4 smartphones for use on the nation’s upcoming 4G networks, implying the long-awaited issue of 4G licenses could be imminent. But equally interesting is a separate report that says the number of newly approved phones is actually 5, and that the fifth phone was a version of Apple’s (Nasdaq: AAPL) new iPhone 5S that can operate on networks using a homegrown Chinese technology called TD. That report says Apple requested its iPhone approval be kept secret; but if true, it means we could soon see announcement of a long-awaited tie-up between the US tech giant and leading Chinese mobile carrier China Mobile (HKEx: 941; NYSE: CHL). Read Full Post…
China’s award of more than half of a massive new telecoms contract to domestic firms despite strong competition from global rivals sends a bad signal for Beijing’s commitment to fair trade, appearing to show that political factors play a significant role in such commercial decisions.
While it’s understandable that China wants to support its homegrown firms in their quest to become global leaders, such favoritism could easily lead to complaints by foreigners who feel they open their markets to Chinese products but don’t receive reciprocal treatment. This current case is especially sensitive, since the European Union already suspects Chinese telecoms equipment makers like Huawei, ZTE (HKEx: 763; Shenzhen: 000063) and Datang of getting unfair state support through policies like government grants and tax credits. Read Full Post…
The headlines are buzzing about a new joint venture between wireless carrier China Telecom (HKEx: 728) and Internet company NetEase (Nasdaq: NTES), in one of the bigger media frenzies I’ve seen in quite a while for this kind of tie-up. But everyone loves a good contest, and this particular joint venture offers just that with a major new challenge to Tencent’s (HKEx: 700) hugely popular WeChat mobile instant messaging service, known in Chinese as Weixin. Just to make sure everyone understands what this story is about, China Telecom and NetEase have even given their new service the name of YiChat or Yixin in Chinese, which both sound quite similar to the English and Chinese names Tencent’s service. Read Full Post…
Mobile telecoms fans who have been waiting for years for China to issue 4G mobile licenses may finally have reason to celebrate, amid the latest media reports that say licenses will finally be awarded around the upcoming Oct 1 National Day holiday. But the awards will be somewhat bittersweet for true mobile fans, since only users of a homegrown technology called TD-LTE will be able to sample the super-high speeds offered by 4G for at least the next few months. People waiting for service based on more mature western-developed technology called FDD-LTE will probably have to wait at least another half year, and I wouldn’t be surprised if the wait is even closer to a year or more. Read Full Post…
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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China Mobile (HKEx: 941) On Cusp Of Deal To Sell iPhone By Year End (Chinese article)
Alibaba In Talks With HKEx On Ownership Structure Ahead Of IPO-Sources (English article)
ZTE (HKEx: 763) To Reorganize Handset Business (English article)
Trina Solar (NYSE: TSL) Announces Q2 Results (PRNewswire)
Qihoo 360, Sogou Search Traffic Share Up 1 Percentage Pt In July (English article)
JPMorgan, China Mobile exec targeted in new probes
When the history books are written, 2013 could easily be named the “Year of the Probe” for firms in China, following a steady stream of new investigations into various companies that began in July. Most of the probes have involved major western firms, but news of the latest investigation against an executive at leading mobile carrier China Mobile (HKEx: 941; NYSE: CHL) shows that no one is immune from this recent bid to clean up China’s unruly corporate sector. The latest western firm to get caught in a China-related probe is JPMorgan (NYSE: JPM), which has become the first financial services firm to come under scrutiny in the recent string of investigations. Read Full Post…
Telecoms stalwart China Mobile (HKEx: 941; NYSE: CHL) and up-and-comer Xiaomi are creating new buzz in the sector these last few days, as speculation builds that the former may be near a long-awaited deal with Apple (Nasdaq: AAPL) to finally offer the iPhone on its network. Meantime, Xiaomi is making headlines with word that it expects its revenue to double this year, following a strong reception for Hongmi, its latest smartphone that retails for just 799 yuan or about $130. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 16. To view a full article or story, click on the link next to the headline.
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China Could Target Oil Firms, Telecoms, Banks In Price Probes: Report (English article)
