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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)
Sina’s (Nasdaq: SINA) Weibo microblogging platform is moving in many different directions these days, this time adding a major video component through a new tie-up with online video leader Youku Tudou (NYSE: YOKU). This new tie-up looks smart in some ways, as it pairs 2 leaders in online entertainment spaces that look complementary. But at the same time, Sina needs to be careful in its zealous campaign to commercialize Weibo, or risk alienating its millions of users and eventually driving them away to a growing array of rival products entering the market. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 6. To view a full article or story, click on the link next to the headline.
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EU To Impose Anti-Dumping Tariffs On Chinese Solar Panels (English article)
Ultrapower Loses Exclusive Rights To China Mobile’s (HKEx: 941) Fetion (Chinese article)
China Opens Anti-Dumping Probe Into EU Wines (Chinese article)
Little Sheep Brings Hollow Returns For Yum (NYSE: YUM) 1 Year Later (Chinese article)
Snowball Finance Completes $10 Mln In B Round Funding (Chinese article)
After months of complaining about new competition from the private sector, dominant mobile carrier China Mobile (HKEx: 941; NYSE: CHL) is finally developing its own rival products to combat the rapid rise of WeChat, a popular mobile messaging app run by Internet giant Tencent (HKEx: 700). This move is what China Mobile should have done from the start, and marks the carrier’s own important realization that it can’t depend on Beijing to protect its dominant market status the way it might have in the socialist era. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 1-3. To view a full article or story, click on the link next to the headline.
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Google (Nasdaq: GOOG) China To Resume Online Shopping Search Service – Source (English article)
Lenovo (HKEx: 992) Proposes Offer Of Dollar-Denominated Debt (HKEx announcement)
China Mobile (HKEx: 941), Vodafone Withdraw Myanmar License Bid (HKEx announcement)
Banks Said To Lend China’s Shuanghui $7 Bln For Smithfield (NYSE: SFD) Deal (English article)
China Mobile (HKEx: 941) New Jego App Eyes WeChat, Overseas Users (Chinese article)
An interesting low-key filing by Telefonica (Madrid: TELF) is leading me to wonder if the debt-laden Spanish telco may be preparing to sell its remaining 5 percent stake in its laggard Chinese peer China Unicom (HKEx: 762; NYSE: CHU). I said last year that such a sell-down wouldn’t surprise me at all, after Telefonica sold about half of its 10 percent in Unicom last June, bringing its holdings to their current levels. Read Full Post…
China telecoms watchers are scratching their heads in complete puzzlement today, following the latest media reports that Beijing may require the nation’s 3 big telcos to all build 4G networks based on a homegrown Chinese technology called TD-LTE. This latest signal coming from unnamed sources at China’s telecoms regulator surprised even me, as there was no indication before that the Ministry of Industry and Information Technology (MIIT) might make this requirement. But then again, the MIIT has become famous for its mixed signals over the years, in what I suspect are deliberate leaks by the agency designed to get more public feedback on internal policy debates. Read Full Post…
I’ll openly admit that I’ve generally sided with Internet giant Tencent (HKEx: 700) in its ongoing dispute with China Mobile (HKEx: 941; NYSE: CHL) over Tencent’s popular WeChat mobile messaging service; but a new report today on the debate is also making me realize that China Mobile’s point has some validity, even if I disagree with its tactics to address the issue. The report I’m talking about cites an executive at Shanghai-based China Merchants Bank (HKEx: 3968; Shanghai: 600036), a leading regional lender, saying his bank is piloting a service on WeChat as it looks to migrate some of its mobile-based services to the platform. (English article)Read Full Post…
The latest reports on Beijing’s plans to issue 4G mobile licenses look like good news for China Mobile (HKEx: 941; NYSE: CHL), which could lay the groundwork for China’s largest telco to reach a highly anticipated deal to finally offer an Apple (Nasdaq: AAPL) iPhone for its network. But the news isn’t completely positive for China Mobile, as the latest reports also strongly imply that the nation’s other 2 carriers will both be allowed to develop 4G networks using mature, globally developed technologies. By comparison, China Mobile has been forced to build its 4G network using a problem-plagued homegrown Chinese technology called TD-LTE, and had been lobbying hard for the regulator to require one of its rivals to use that standard also. Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 9. To view a full article or story, click on the link next to the headline.
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EU Agrees To China Solar Panel Duties In Boldest Move Yet (English article)
Sohu (Nasdaq: SOHU) Puts Sogou Search Up For Sale – Source (Chinese article)
Tencent’s (HKEx: 700) colorful but low-key Chairman Pony Ma is suddenly losing his shyness at a major Internet conference in Beijing, where he is clearly in his preferred environment mixing with lots of other Internet geeks and techies. Media have been buzzing these last few days with words from the head of China’s biggest Internet firm, with much of the talk centered on Tencent’s hot mobile instant messaging platform called WeChat or Weixin in Chinese. Ma has addressed 2 of the key questions facing WeChat, both centered on how the service can generate profits for Tencent from its base of 300 million users. Read Full Post…
When in doubt, regulate. That seems to be the growing attitude in Beijing these days towards China’s tech sector, following the latest media reports that one government agency is getting ready to tackle the problem of mobile spam, while another prepares rules for the newly emerging industry of apps that help people call taxis. I do agree that many problems like mobile spam need to be controlled, and that emerging sectors like taxi apps could always use some guidance to promote orderly development. But China’s growing tendency to try to regulate all things in the tech realm is a bit worrisome, and reflects a broader national love of rules, regulations and bureaucracy. (previous post) Read Full Post…
