For the latest news on U.S.- and Hong Kong-traded Chinese stocks, visit our new Bamboo Works site.
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)
After offering some rare praise last week for China Unicom (HKEx: 762; NYSE: CHU) related to a smart new tie-up with Internet giant Tencent (HKEx: 700), I’m sorry to have to return to my older pattern of criticizing this bumbling company, this time for a 4G strategy that looks quite schizophrenic. Somewhat appropriately, Unicom discussed its latest 4G plans on a day when it also bumbled the release of its latest financial results. In that instance, a government organization published Unicom’s interim results before their official release via the Hong Kong Stock Exchange, forcing Unicom to request a temporary halt in its stock’s trading until the official stock exchange release. Read Full Post…
I don’t usually have many positive things to say about Unicom (HKEx: 762; NYSE: CHU), China’s second largest mobile carrier that has been in a state of management gridlock for most of the last 4 years after its formation through the merger of 2 smaller telcos. But I commended the company earlier this year for its stance on WeChat, the popular mobile messaging service operated by Internet giant Tencent (HKEx: 700), and am praising it once again for its new market-oriented tie-up with WeChat. At the same time, we’re seeing other interesting news on the WeChat front with word that Alibaba has recently stopped offering its e-commerce services over the popular social networking (SNS) platform. Read Full Post…
Apple’s Cook back in China to put out latest fires
The US may be one of the world’s most competitive markets, but tech giant Apple (Nasdaq: AAPL) is quickly discovering that fast-growing China is far more complex for a wide range of reasons that are often more political than economic. CEO Tim Cook was in Beijing this week to address some of those issues, in what looks like a hastily arranged trip to put out a growing number of fires facing his firm in the world’s largest smartphone market. Read Full Post…
I’m pleased to see that after a major socialist-style clash in China’s mobile Internet space earlier this year, all of the relevant parties are turning to the business of more market-oriented competition with the roll-out of new rival products. Internet followers will know I’m talking about the high-profile clash in early 2013 between China Mobile (HKEx: 941; NYSE: CHL) and Internet leader Tencent (HKEx: 700) involving Tencent’s highly popular WeChat mobile instant messaging service. In the latest wrinkle to the story, media are reporting that online game operator NetEase (Nasdaq: NTES) is teaming up with China Telecom (HKEx: 728; NYSE: CHA), the smallest of China’s 3 mobile operators, to roll out their own WeChat rival product. Read Full Post…
The following press releases and media reports about Chinese companies were carried on July 20-22. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Yahoo (Nasdaq: YHOO) To Reacquire China Yahoo From Alibaba – Source (English article)
SPD (Shanghai: 600000), China Mobile (HKEx: 941) In E-Payments Tie-Up (Chinese article)
It appears that dominant wireless telco China Mobile (HKEx: 941; NYSE: CHL) has discovered a sudden love affair with Pakistan, with word that it’s weighing an acquisition bid to complement its existing operation in the South Asian market. If anyone detects just a tiny bit of sarcasm in my tone, it’s because I find it somewhat amusing that the world’s largest wireless telco is focusing so much energy on such a small market when there are so many more promising ones for its troubled global expansion. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 26. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Carrefour (Paris: CARR) Considering Sale Of China, Taiwan Businesses: Report (English article)
China Mobile (HKEx: 941), Etisalat Weigh Bids For Pakistan Telco – Sources (English article)
Baidu’s (Nasdaq: BIDU) Qunar May Seek $1 Bln IPO in H2 2013 – Investors (English article)
Tencent (HKEx: 700) Invests $47 Mln In Kingsoft Security Software Unit (Chinese article)
HJEnglish Lands Second-Round $20 Mln Funding – Source (English article)
I previously welcomed the installment of a new generation of leaders at China Mobile (HKEx: 941; NYSE: CHL) about a year ago, but a steady series of mixed signals since then have me wondering if these new executives may be just as confused as their predecessor, former Chairman Wang Jianzhou. Since taking the helm of the world’s biggest telco, the new executives, led by new Chairman Xi Guohua, have made a number of moves that seem to reflect a company whose head remains in a haze. The latest of those has seen China Mobile just announce that it’s suspending its Skype-like Jego mobile messaging service just weeks after its launch. (Chinese article) Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 25. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
China Cash Squeeze Eases, But Bank Shares Take Big Hit (English article)
The following press releases and media reports about Chinese companies were carried on June 20-22. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
Spreadtrum (Nasdaq: SPRD) Announces Receipt of Acquisition Proposal (PRNewswire)
More US Senators Concerned By Shuanghui-Smithfield (NYSE: SFD) Deal (English article)
Regulator Says Alibaba’s Yu E Bao Product Violates Securities Rules (Chinese article)
China Mobile (HKEx: 941) Halts New User Registration For Skype-Like Jego (Chinese article)
Zynga China Reportedly Laid off 18 Pct Employees, GM to Resign (English article)
The following press releases and media reports about Chinese companies were carried on June 14. To view a full article or story, click on the link next to the headline.
══════════════════════════════════════════════════════
EU Files WTO Complaint Over Chinese Stainless Steel Duty (English article)
Mindray (NYSE: MR) To Acquire Zonare Medical Systems (PRNewswire)
China Mobile (HKEx: 941) Recruits TD-LTE Trial Customers (English article)
Renault (Paris: RENA) May Make Electric Cars in China (English article)
Dangdang (NYSE: DANG) Chairman: No Prediction On Return To Profit (Chinese article)
